The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Wedge
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.

A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.

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- 4/19/2024 -
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Host Hotels & Resorts (HST) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineOversold sectorBroken trend support line
Daily :Broken trend support line20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range and Lane's Stochastic are oversold
Move cursor over the icon to see details.

It was the negative week for the Host Hotels & Resorts (HST). During the week, the HST dropped -1.29 points, or -6.45%, and closed at 18.71 on Friday, April 19, 2024. Weekly volume was -12% below average.

HST is a member of Real Estate Sector. Real Estate is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

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 15.25 and resistance is at 21.89. 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 (21.38) 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 Falling Channel chart pattern. The downtrend support line (19.84) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 short-term trend.

Daily Technical Indicators: [See HST daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.62
Williams' Percentage Range (W%R) 93.50
Strong Oversold
Lane's Stochastic (%D-Slow) 5.59
Strong Oversold
Greed/Fear Indicator (GFI) 12.22
Oversold
Moving Average Converg./Diverg. (MACD) -0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.04
Williams' Percentage Range (W%R) 65.00
Lane's Stochastic (%D-Slow) 55.74
Greed/Fear Indicator (GFI) 45.97
Moving Average Converg./Diverg. (MACD) 0.86
Trading Signals
Description Value Chart
Monthly Trendline Resistance 22.06
Quarterly Trendline Resistance 21.89
Monthly Trendline Support 21.38
Upper Bollinger Band 21.26
Weekly Trendline Resistance 20.68
50 Day Moving Average 20.26
20 Day Moving Average 20.05
Parabolic System 19.93
Weekly Stochastic Crossing 19.90
Weekly Trendline Support 19.84
Price 18.71
Daily Stochastic Crossing 18.59
Lower Bollinger Band 18.44
Quarterly Trendline Support 15.25
Sector and Industry
Description Name Rank
Sector Real Estate 2
Industry Hotel & Resort REITs 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.26
High Date 03/22/2024
Low 18.47
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 20.68
Support 19.84
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 22.06
Support 21.38
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 21.89
Support 15.25
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.