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.

Archive
- 5/2/2025 -
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Linens 'n Things Inc. (LIN) Technical Analysis

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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe 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 Linens 'n Things Inc. (LIN). During the week, the LIN gained 6.55 points, or 1.46%, and closed at 454.95 on Friday, May 2, 2025. LIN was trading at average weekly trading volume.

Long-term trend: [See LIN long-term trend chart]
A long-term downtrend had started on October 17, 2024 at 487.49 and reached 408.70 on April 8, 2025. LIN lost 78.79 points, or 16.16%, in 24 weeks. The price is now at the 58.70% retracement level.

Medium-term trend: [See LIN medium-term trend chart]
A medium-term downtrend had started on March 3, 2025 at 472.20 and reached 408.70 on April 8, 2025. LIN lost 63.50 points, or 13.45%, in 5 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 372.06 and resistance is at 471.83. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since April 4, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See LIN short-term trend chart]
A short-term uptrend had started on April 8, 2025 at 408.70 and reached 457.81 on April 23, 2025. LIN gained -49.11 points, or -12.02%, in 15 days. The price is now at the 5.82% retracement level.

Daily Technical Indicators: [See LIN daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since April 16, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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.

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 price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 58.48
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 65.12
Greed/Fear Indicator (GFI) 65.67
Moving Average Converg./Diverg. (MACD) -1.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.19
Williams' Percentage Range (W%R) 29.10
Lane's Stochastic (%D-Slow) 59.92
Greed/Fear Indicator (GFI) 60.33
Moving Average Converg./Diverg. (MACD) 0.86
Trading Signals
Description Value Chart
Monthly Trendline Resistance 471.83
Upper Bollinger Band 470.29
Parabolic System 457.77
Price 454.95
50 Day Moving Average 454.80
Daily Stochastic Crossing 450.50
20 Day Moving Average 444.83
Weekly Stochastic Crossing 442.95
Lower Bollinger Band 429.90
Monthly Trendline Support 372.06
Sector and Industry
Description Name Rank
Sector Materials 5
Industry Industrial Gases 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 433.15
Low Date 05/01/2025
High 457.14
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 408.70
Low Date 04/08/2025
High 457.81
High Date 04/23/2025
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 471.83
Support 372.06
High 472.20
High Date 03/03/2025
Low 408.70
Low Date 04/08/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 487.49
High Date 10/17/2024
Low 408.70
Low Date 04/08/2025
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 262.47
Low Date 09/27/2022
High 487.49
High Date 10/17/2024
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.