The Greedy Trader Weekly Analysis
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Weekly Pattern:Descending Triangle
Number of records: 2
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Chart Analysis and Chart Pattern Recognition – Descending Triangle Pattern

The descending triangle is a variation of a symmetrical triangle formation that has a flat support line and a falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. The descending triangle usually represents a distribution stage in bearish market. The descending triangle is considered as a continuation pattern, especially in a downtrend, but it may also mark a reversal in an uptrend. Volume usually increases on trend support resistance breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Descending Triangle Screening page presents a list of stocks forming Descending Triangle Pattern.
Tips:
# 1 As a continuation pattern, descending triangle usually appears within a young trend, characterized by neutral long-term indicators and oversold short-term indicators. Descending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, descending triangle appears in a mature uptrend, characterized by overbought long-term and short-term indicators. This situation usually generates bearish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance level. line.

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- 4/5/2024 -
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Kimberly-Clark (KMB) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 126.41
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the Kimberly-Clark (KMB). During the week, the KMB dropped -3.04 points, or -2.35%, and closed at 126.31 on Friday, April 5, 2024. It was the worst weekly loss since December 8, 2023. Weekly volume was 13% above average.

Long-term trend: [See KMB long-term trend chart]
A long-term downtrend had started on April 25, 2023 at 147.87 and reached 116.32 on October 6, 2023. KMB lost 31.55 points, or 21.34%, in 23 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (118.20) is broken. A broken support is considered to be a long-term bullish signal. 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 KMB medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 116.32 and reached 129.97 on March 28, 2024. KMB gained -13.65 points, or -11.73%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (126.41). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

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

The weekly MACD line is above its signal line since December 1, 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 KMB short-term trend chart]
A short-term uptrend had started on March 21, 2024 at 123.02 and reached 129.97 on March 28, 2024. KMB gained -6.95 points, or -5.65%, in 7 days. The price is now at the 52.66% retracement level.

Daily Technical Indicators: [See KMB 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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.73
Williams' Percentage Range (W%R) 56.10
Lane's Stochastic (%D-Slow) 50.92
Greed/Fear Indicator (GFI) 51.18
Moving Average Converg./Diverg. (MACD) 1.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.83
Williams' Percentage Range (W%R) 31.70
Lane's Stochastic (%D-Slow) 79.29
Greed/Fear Indicator (GFI) 66.71
Moving Average Converg./Diverg. (MACD) -1.16
Trading Signals
Description Value Chart
Parabolic System 130.10
Upper Bollinger Band 128.68
Weekly Stochastic Crossing 127.36
Daily Stochastic Crossing 127.26
Monthly Trendline Resistance 126.41
Price 126.31
20 Day Moving Average 126.15
50 Day Moving Average 123.19
Lower Bollinger Band 122.90
Quarterly Trendline Resistance 119.40
Monthly Trendline Support 118.52
Quarterly Trendline Support 118.20
Sector and Industry
Description Name Rank
Sector Consumer Staples 3
Industry Household Products 62
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 123.02
Low Date 03/21/2024
High 129.97
High Date 03/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 117.67
Low Date 02/14/2024
High 129.97
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 126.41
Support 118.52
Low 116.32
Low Date 10/06/2023
High 129.97
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 119.40
Support 118.20
High 147.87
High Date 04/25/2023
Low 116.32
Low Date 10/06/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 160.16
High Date 08/12/2020
Low 108.74
Low Date 10/10/2022
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.