The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 12/13/2024 -
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F5 Networks (FFIV) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtRelative Strength Index bearish divergence
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtMACD bearish divergenceBearish Advance Block Candlestick
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It was a fourth consecutive positive week for the F5 Networks (FFIV). During the week, the FFIV gained 4.66 points, or 1.81%, and closed at 261.80 on Friday, December 13, 2024. Weekly volume was 19% above average.

Long-term trend: [See FFIV long-term trend chart]
A long-term uptrend had started on April 20, 2023 at 127.05 and reached 264.40 on December 13, 2024. FFIV gained -137.35 points, or -108.11%, in 86 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (179.42) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See FFIV medium-term trend chart]
A medium-term uptrend had started on April 30, 2024 at 159.01 and reached 264.40 on December 13, 2024. FFIV gained -105.39 points, or -66.28%, in 32 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (230.25) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See FFIV weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 26, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See FFIV short-term trend chart]
A short-term uptrend had started on November 4, 2024 at 229.50 and reached 264.40 on December 13, 2024. FFIV gained -34.90 points, or -15.21%, in 39 days. The price is now at the 7.45% retracement level.

Daily Technical Indicators: [See FFIV daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence.

The daily MACD line is above its signal line since November 25, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Candlestick pattern: [See FFIV candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.13
Overbought
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 86.00
Overbought
Greed/Fear Indicator (GFI) 87.53
Overbought
Moving Average Converg./Diverg. (MACD) 6.69 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.98
Overbought Bearish
Williams' Percentage Range (W%R) 3.10
Strong Overbought
Lane's Stochastic (%D-Slow) 89.61
Overbought
Greed/Fear Indicator (GFI) 84.45
Overbought
Moving Average Converg./Diverg. (MACD) 14.37
Trading Signals
Description Value Chart
Upper Bollinger Band 266.10
Daily Stochastic Crossing 262.73
Price 261.80
Weekly Stochastic Crossing 259.56
Parabolic System 256.79
Quarterly Trendline Resistance 253.21
20 Day Moving Average 251.17
Monthly Trendline Resistance 245.39
Lower Bollinger Band 237.13
50 Day Moving Average 236.84
Monthly Trendline Support 230.25
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Communications Equipment 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 229.50
Low Date 11/04/2024
High 264.40
High Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 213.24
Low Date 10/24/2024
High 264.40
High Date 12/13/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 245.39
Support 230.25
Low 159.01
Low Date 04/30/2024
High 264.40
High Date 12/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 253.21
Support 179.42
Low 127.05
Low Date 04/20/2023
High 264.40
High Date 12/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1.88
Low Date 04/04/2001
High 264.40
High Date 12/13/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.