The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 6/12/2026 -
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Pulte Homes, Inc. (PHM) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtRelative Strength Index bearish divergenceThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
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It was a fourth positive week after 3 consecutive negative weeks for the Pulte Homes, Inc. (PHM). During the week, the PHM gained 4.77 points, or 4.03%, and closed at 123.17 on Friday, June 12, 2026. Weekly volume was -31% below average.

Long-term trend: [See PHM long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 3.29 and reached 149.47 on October 21, 2024. PHM gained -146.18 points, or -4443.16%, in 680 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (38.86) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 PHM medium-term trend chart]
A medium-term uptrend had started on April 9, 2025 at 88.07 and reached 144.50 on February 17, 2026. PHM gained -56.43 points, or -64.07%, in 44 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (133.24) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since March 6, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See PHM short-term trend chart]
A short-term uptrend had started on May 19, 2026 at 108.49 and reached 124.39 on June 12, 2026. PHM gained -15.90 points, or -14.66%, in 24 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 119.40 and resistance is at 123.74. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See PHM daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 21, 2026. This is an indication that the short-term trend is up.

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 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) 64.90
Bearish
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 71.23
Greed/Fear Indicator (GFI) 77.12
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.89
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 31.44
Greed/Fear Indicator (GFI) 42.01
Moving Average Converg./Diverg. (MACD) -0.85
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 146.22
Quarterly Trendline Support 133.24
Upper Bollinger Band 125.96
Weekly Trendline Resistance 123.74
Monthly Trendline Resistance 123.58
Price 123.17
Daily Stochastic Crossing 122.50
50 Day Moving Average 119.59
Weekly Trendline Support 119.40
20 Day Moving Average 117.53
Weekly Stochastic Crossing 117.45
Parabolic System 115.96
Lower Bollinger Band 112.07
Monthly Trendline Support 106.17
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Homebuilding 38
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 118.06
Low Date 06/10/2026
High 124.39
High Date 06/12/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 123.74
Support 119.40
Low 108.49
Low Date 05/19/2026
High 124.39
High Date 06/12/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 123.58
Support 106.17
High 144.50
High Date 02/17/2026
Low 108.49
Low Date 05/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 146.22
Support 133.24
Low 88.07
Low Date 04/09/2025
High 144.50
High Date 02/17/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 81.24
Support 38.86
Low 3.29
Low Date 10/04/2011
High 149.47
High Date 10/21/2024
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.