The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 3/21/2025 -
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Johnson Controls Inc (JCI) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Lane's Stochastic is overbought20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 4 consecutive negative weeks for the Johnson Controls Inc (JCI). During the week, the JCI gained 3.08 points, or 3.87%, and closed at 82.73 on Friday, March 21, 2025. Weekly volume was 20% above average.

Long-term trend: [See JCI long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 45.52 and reached 91.14 on February 18, 2025. JCI gained -45.62 points, or -100.22%, in 135 weeks. The price is now at the 18.43% retracement level.

Medium-term trend: [See JCI medium-term trend chart]
A medium-term downtrend had started on February 18, 2025 at 91.14 and reached 76.60 on March 11, 2025. JCI lost 14.54 points, or 15.95%, in 3 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (72.34) 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. JCI 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 medium-term trend.

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

The weekly MACD line is below its signal line since February 28, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See JCI short-term trend chart]
A short-term uptrend had started on March 11, 2025 at 76.60 and reached 83.43 on March 19, 2025. JCI gained -6.83 points, or -8.92%, in 8 days. The price is now at the 10.25% retracement level.

Daily Technical Indicators: [See JCI daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 link to access Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above 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.

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) 50.49
Williams' Percentage Range (W%R) 41.40
Lane's Stochastic (%D-Slow) 88.92
Overbought
Greed/Fear Indicator (GFI) 66.00
Moving Average Converg./Diverg. (MACD) -0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.14
Williams' Percentage Range (W%R) 50.40
Lane's Stochastic (%D-Slow) 49.23
Greed/Fear Indicator (GFI) 50.14
Moving Average Converg./Diverg. (MACD) 3.06
Trading Signals
Description Value Chart
Upper Bollinger Band 86.74
Daily Stochastic Crossing 82.90
Price 82.73
50 Day Moving Average 82.44
Weekly Stochastic Crossing 81.58
20 Day Moving Average 81.58
Monthly Trendline Resistance 78.16
Parabolic System 77.42
Lower Bollinger Band 77.12
Monthly Trendline Support 72.34
Sector and Industry
Description Name Rank
Sector Industrials 3
Industry Building Products 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.60
Low Date 03/11/2025
High 83.43
High Date 03/19/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.60
Low Date 03/11/2025
High 83.43
High Date 03/19/2025
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 78.16
Support 72.34
High 91.14
High Date 02/18/2025
Low 76.60
Low Date 03/11/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.52
Low Date 07/14/2022
High 91.14
High Date 02/18/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.78
Low Date 03/23/2020
High 91.14
High Date 02/18/2025
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.