The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support 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 Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 1/10/2025 -
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Intuit, Inc. (INTU) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldTrend support at 622.10
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldStochastic signal line moved above oversold area
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It was the negative week for the Intuit, Inc. (INTU). During the week, the INTU dropped -6.80 points, or -1.08%, and closed at 623.40 on Friday, January 10, 2025. INTU was trading at average weekly trading volume.

INTU is a member of Information Technology Sector. Information Technology is the most overbought 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 INTU long-term trend chart]
A long-term uptrend had started on May 31, 2024 at 557.29 and reached 714.80 on November 13, 2024. INTU gained -157.51 points, or -28.26%, in 23 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (622.10) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See INTU medium-term trend chart]
A medium-term downtrend had started on November 13, 2024 at 714.80 and reached 611.90 on January 7, 2025. INTU lost 102.90 points, or 14.40%, in 7 weeks. The price is now at the 11.18% retracement level.

Weekly Technical Indicators: [See INTU weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since December 27, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See INTU short-term trend chart]
A short-term downtrend had started on December 17, 2024 at 679.90 and reached 611.90 on January 7, 2025. INTU lost 68.00 points, or 10.00%, in 21 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See INTU 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since December 18, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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) 35.53
Williams' Percentage Range (W%R) 89.80
Oversold
Lane's Stochastic (%D-Slow) 28.11
Greed/Fear Indicator (GFI) 24.59
Moving Average Converg./Diverg. (MACD) -5.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.36
Williams' Percentage Range (W%R) 83.40
Oversold
Lane's Stochastic (%D-Slow) 36.87
Greed/Fear Indicator (GFI) 34.70
Moving Average Converg./Diverg. (MACD) 6.70
Trading Signals
Description Value Chart
Monthly Trendline Resistance 741.02
Upper Bollinger Band 672.82
50 Day Moving Average 648.39
Weekly Stochastic Crossing 648.38
20 Day Moving Average 642.46
Parabolic System 637.08
Price 623.40
Monthly Trendline Support 622.10
Daily Stochastic Crossing 618.61
Lower Bollinger Band 599.88
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Application Software 85
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 679.90
High Date 12/17/2024
Low 611.90
Low Date 01/07/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 714.80
High Date 11/13/2024
Low 611.90
Low Date 01/07/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 741.02
Support 622.10
Low 557.29
Low Date 05/31/2024
High 714.80
High Date 11/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 339.36
Low Date 05/12/2022
High 714.80
High Date 11/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.48
Low Date 02/28/1997
High 716.86
High Date 11/19/2021
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.