The Greedy Trader Weekly Analysis
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Weekly Pattern:Broadening Ascending Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Broadening Formations

Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
Tips:
# 1
As a reversal formation, Broadening formation Pattern appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.

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- 3/15/2024 -
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Host Hotels & Resorts (HST) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :Daily  MACD line has moved below its signal linePrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Host Hotels & Resorts (HST). During the week, the HST dropped -0.37 points, or -1.77%, and closed at 20.51 on Friday, March 15, 2024. It was the worst weekly loss since October 27, 2023. Weekly volume was -20% 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 price is now at the 11.76% retracement level.

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 price is now at the 12.52% retracement level.

Weekly Technical Indicators: [See HST weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. 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 20.25 on March 15, 2024. HST lost 1.06 points, or 4.97%, in 10 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See HST daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.85
Williams' Percentage Range (W%R) 36.60
Lane's Stochastic (%D-Slow) 37.62
Greed/Fear Indicator (GFI) 53.96
Moving Average Converg./Diverg. (MACD) 0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.95
Williams' Percentage Range (W%R) 11.10
Overbought
Lane's Stochastic (%D-Slow) 76.81
Greed/Fear Indicator (GFI) 73.56
Moving Average Converg./Diverg. (MACD) 0.80
Trading Signals
Description Value Chart
Upper Bollinger Band 21.32
Parabolic System 21.17
Weekly Stochastic Crossing 20.80
20 Day Moving Average 20.57
Daily Stochastic Crossing 20.56
Price 20.51
50 Day Moving Average 20.01
Lower Bollinger Band 19.71
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Hotel & Resort REITs 97
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.31
High Date 03/05/2024
Low 20.25
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.88
Low Date 02/13/2024
High 21.31
High Date 03/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Uptrend
Status
Resistance
Support
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.