The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
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Rising Wedge Pattern (Ascending Wedge)

Rising Wedge Chart PatternA Rising Wedge pattern also known as Ascending Wedge pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge (Ascending Wedge) pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.

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- 4/26/2024 -
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Host Hotels & Resorts (HST) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
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It was a first positive week after 4 consecutive negative weeks for the Host Hotels & Resorts (HST). During the week, the HST climbed 0.15 points, or 0.80%, and closed at 18.86 on Friday, April 26, 2024. Weekly volume was -27% below average.

Long-term trend: [See HST long-term trend chart]
A long-term uptrend had started on March 24, 2023 at 14.51 and reached 21.31 on March 5, 2024. HST gained -6.80 points, or -46.86%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 15.26 and resistance is at 21.99. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See HST medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 14.92 and reached 21.31 on March 5, 2024. HST gained -6.39 points, or -42.83%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (21.65) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HST may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See HST weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 12, 2024. Use the following link to access a MACD help.

Short-term trend: [See HST short-term trend chart]
A short-term downtrend had started on March 5, 2024 at 21.31 and reached 18.47 on April 18, 2024. HST lost 2.84 points, or 13.33%, in 44 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 18.01 and resistance is at 21.17. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See HST daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 and Williams' Percentage Range help.

The daily MACD line is below its signal line since March 12, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.50
Williams' Percentage Range (W%R) 81.90
Oversold
Lane's Stochastic (%D-Slow) 33.65
Greed/Fear Indicator (GFI) 26.74
Moving Average Converg./Diverg. (MACD) -0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.34
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 44.52
Greed/Fear Indicator (GFI) 43.20
Moving Average Converg./Diverg. (MACD) 0.82
Trading Signals
Description Value Chart
Monthly Trendline Resistance 22.18
Quarterly Trendline Resistance 21.99
Monthly Trendline Support 21.65
Weekly Trendline Resistance 21.17
Upper Bollinger Band 20.99
50 Day Moving Average 20.22
20 Day Moving Average 19.67
Weekly Stochastic Crossing 19.55
Parabolic System 19.30
Price 18.86
Daily Stochastic Crossing 18.85
Lower Bollinger Band 18.11
Weekly Trendline Support 18.01
Quarterly Trendline Support 15.26
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Hotel & Resort REITs 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 18.47
Low Date 04/18/2024
High 19.52
High Date 04/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 21.17
Support 18.01
High 21.31
High Date 03/05/2024
Low 18.47
Low Date 04/18/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 22.18
Support 21.65
Low 14.92
Low Date 10/27/2023
High 21.31
High Date 03/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 21.99
Support 15.26
Low 14.51
Low Date 03/24/2023
High 21.31
High Date 03/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.86
Low Date 03/17/2020
High 21.63
High Date 05/05/2022
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.