The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 9/8/2023 -
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Intuit, Inc. (INTU) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
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It was a third consecutive positive week for the Intuit, Inc. (INTU). During the week, the INTU climbed 0.96 points, or 0.17%, and closed at 550.56 on Friday, September 8, 2023. Weekly volume was -27% below average.

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 downtrend had started on November 19, 2021 at 716.86 and reached 339.36 on May 12, 2022. INTU lost 377.50 points, or 52.66%, in 24 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (375.47) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. INTU may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See INTU medium-term trend chart]
A medium-term uptrend had started on May 12, 2022 at 339.36 and reached 558.64 on September 8, 2023. INTU gained -219.28 points, or -64.62%, in 69 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (411.76) 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 INTU 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. 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 November 25, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 INTU short-term trend chart]
A short-term uptrend had started on May 31, 2023 at 400.22 and reached 558.64 on September 8, 2023. INTU gained -158.42 points, or -39.58%, in 100 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 500.21 and resistance is at 574.48. 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 short-term trend.

Daily Technical Indicators: [See INTU daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since August 25, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 92.22
Strong Overbought
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 92.42
Strong Overbought
Greed/Fear Indicator (GFI) 92.27
Strong Overbought
Moving Average Converg./Diverg. (MACD) 13.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.31
Overbought
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 85.25
Overbought
Greed/Fear Indicator (GFI) 82.99
Overbought
Moving Average Converg./Diverg. (MACD) 18.65
Trading Signals
Description Value Chart
Upper Bollinger Band 575.42
Weekly Trendline Resistance 574.48
Daily Stochastic Crossing 554.70
Price 550.56
Weekly Stochastic Crossing 546.67
Parabolic System 536.50
20 Day Moving Average 517.82
Weekly Trendline Support 500.21
50 Day Moving Average 498.55
Monthly Trendline Resistance 475.39
Lower Bollinger Band 473.94
Quarterly Trendline Resistance 447.64
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry Application Software 93
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 477.76
Low Date 08/18/2023
High 558.64
High Date 09/08/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 574.48
Support 500.21
Low 400.22
Low Date 05/31/2023
High 558.64
High Date 09/08/2023
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 475.39
Support 432.82
Low 352.63
Low Date 11/04/2022
High 558.64
High Date 09/08/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 447.64
Support 411.76
Low 339.36
Low Date 05/12/2022
High 558.64
High Date 09/08/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 162.84
Support 375.47
High 716.86
High Date 11/19/2021
Low 339.36
Low Date 05/12/2022
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.