The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion 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 Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 11/8/2024 -
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Leidos Holdings (LDOS) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtThe period of high volatility of the stock price
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It was a second consecutive positive week for the Leidos Holdings (LDOS). During the week, the LDOS gained 15.40 points, or 8.42%, and closed at 198.40 on Friday, November 8, 2024. Weekly volume was 36% above average.

LDOS 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 LDOS long-term trend chart]
A long-term uptrend had started on May 17, 2023 at 76.58 and reached 199.10 on November 8, 2024. LDOS gained -122.52 points, or -159.99%, in 77 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (155.98) 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 long-term trend.

Medium-term trend: [See LDOS medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 89.22 and reached 199.10 on November 8, 2024. LDOS gained -109.88 points, or -123.16%, in 57 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (160.37) 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 LDOS weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 September 27, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its 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 LDOS short-term trend chart]
A short-term uptrend had started on October 23, 2024 at 166.75 and reached 199.10 on November 8, 2024. LDOS gained -32.35 points, or -19.40%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See LDOS daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since October 28, 2024. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is 140.86% higher then one year average. It indicates the period of high volatility of the stock price. 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) 84.08
Overbought
Williams' Percentage Range (W%R) 14.20
Overbought
Lane's Stochastic (%D-Slow) 89.90
Overbought
Greed/Fear Indicator (GFI) 86.60
Overbought
Moving Average Converg./Diverg. (MACD) 6.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.80
Overbought
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 93.11
Strong Overbought
Greed/Fear Indicator (GFI) 87.36
Overbought
Moving Average Converg./Diverg. (MACD) 9.22
Trading Signals
Description Value Chart
Upper Bollinger Band 201.15
Price 198.40
Daily Stochastic Crossing 197.34
Weekly Stochastic Crossing 195.77
Parabolic System 183.25
Monthly Trendline Resistance 181.88
20 Day Moving Average 177.72
Monthly Trendline Support 177.02
Quarterly Trendline Resistance 171.33
Yearly Trendline Resistance 167.02
50 Day Moving Average 166.62
Quarterly Trendline Support 160.37
Lower Bollinger Band 158.73
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry IT Consulting & Other Services 96
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 166.75
Low Date 10/23/2024
High 199.10
High Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 166.75
Low Date 10/23/2024
High 199.10
High Date 11/08/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 181.88
Support 177.02
Low 149.50
Low Date 09/11/2024
High 199.10
High Date 11/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 171.33
Support 160.37
Low 89.22
Low Date 10/06/2023
High 199.10
High Date 11/08/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 167.02
Support 155.98
Low 76.58
Low Date 05/17/2023
High 199.10
High Date 11/08/2024
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.