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.

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- 11/8/2024 -
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PVH Corp. (PVH) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a second consecutive positive week for the PVH Corp. (PVH). During the week, the PVH gained 5.74 points, or 5.83%, and closed at 104.20 on Friday, November 8, 2024. It was the best weekly gain since August 23, 2024. Weekly volume was -19% below average.

Long-term trend: [See PVH long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 28.40 and reached 141.15 on April 1, 2024. PVH gained -112.75 points, or -397.01%, in 210 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 57.12 and resistance is at 144.66. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See PVH medium-term trend chart]
A medium-term uptrend had started on September 30, 2022 at 43.50 and reached 141.15 on April 1, 2024. PVH gained -97.65 points, or -224.48%, in 78 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 97.06 and resistance is at 166.08. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See PVH short-term trend chart]
A short-term uptrend had started on September 11, 2024 at 90.17 and reached 106.10 on November 7, 2024. PVH gained -15.93 points, or -17.67%, in 57 days. The price is now at the 11.93% retracement level.

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

The daily MACD line is above its signal line since October 29, 2024. This is an indication that the short-term trend is up.

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 20 Day Moving Average 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) 66.19
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 89.39
Overbought
Greed/Fear Indicator (GFI) 79.78
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.80
Williams' Percentage Range (W%R) 46.60
Lane's Stochastic (%D-Slow) 54.07
Greed/Fear Indicator (GFI) 53.54
Moving Average Converg./Diverg. (MACD) -3.54
Trading Signals
Description Value Chart
Upper Bollinger Band 105.74
Daily Stochastic Crossing 105.11
Price 104.20
Weekly Stochastic Crossing 100.12
20 Day Moving Average 98.53
Parabolic System 97.55
50 Day Moving Average 97.27
Quarterly Trendline Support 97.06
Lower Bollinger Band 92.74
Monthly Trendline Resistance 86.83
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 5
Industry Apparel, Accessories & Luxury Goods 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 90.17
Low Date 09/11/2024
High 106.10
High Date 11/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.56
Low Date 08/05/2024
High 107.36
High Date 08/26/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 86.83
Support 77.43
High 141.15
High Date 04/01/2024
Low 89.56
Low Date 08/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 166.08
Support 97.06
Low 43.50
Low Date 09/30/2022
High 141.15
High Date 04/01/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 144.66
Support 57.12
Low 28.40
Low Date 03/23/2020
High 141.15
High Date 04/01/2024
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.