The Greedy Trader Weekly Analysis
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Quarterly Pattern:Broadening Descending Wedge
Number of records: 4
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Chart Analysis and Chart Pattern Recognition – Broadening Formations

Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
Tips:
# 1
As a reversal formation, Broadening formation Pattern appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.

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- 4/19/2024 -
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Kimberly-Clark (KMB) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineTrend resistance at 126.58
Daily :Williams' Percentage Range is oversoldThe price has risen above the Parabolic SARTrend support at 126.91The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Kimberly-Clark (KMB). During the week, the KMB gained 2.94 points, or 2.37%, and closed at 126.83 on Friday, April 19, 2024. Weekly volume was 57% 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 (118.35) 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 (126.58). 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 February 14, 2024 at 117.67 and reached 129.97 on March 28, 2024. KMB gained -12.30 points, or -10.45%, in 43 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (126.91) 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 short-term trend.

Daily Technical Indicators: [See KMB 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. 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 daily MACD line is below its signal line since April 3, 2024. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.68
Williams' Percentage Range (W%R) 82.90
Oversold
Lane's Stochastic (%D-Slow) 47.05
Greed/Fear Indicator (GFI) 35.62
Moving Average Converg./Diverg. (MACD) 0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.45
Williams' Percentage Range (W%R) 41.30
Lane's Stochastic (%D-Slow) 72.02
Greed/Fear Indicator (GFI) 63.21
Moving Average Converg./Diverg. (MACD) -0.69
Trading Signals
Description Value Chart
Weekly Trendline Resistance 133.14
Upper Bollinger Band 128.49
Weekly Stochastic Crossing 127.43
Weekly Trendline Support 126.91
Price 126.83
Parabolic System 126.70
Monthly Trendline Resistance 126.58
20 Day Moving Average 126.42
Daily Stochastic Crossing 125.89
50 Day Moving Average 124.10
Lower Bollinger Band 123.31
Monthly Trendline Support 118.71
Quarterly Trendline Support 118.35
Quarterly Trendline Resistance 118.20
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Household Products 72
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 129.97
High Date 03/28/2024
Low 123.84
Low Date 04/12/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 133.14
Support 126.91
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 126.58
Support 118.71
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 118.20
Support 118.35
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.