The Greedy Trader Weekly Analysis
Sign In Dec 20, 2024
Skip Navigation Links
Share
Number of records: 4
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Uptrend Support

Uptrend Support 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 Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

Archive
- 12/13/2024 -
Sign In to see current Signals.

TransDigm Group (TDG) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorLane's Stochastic is oversoldBroken trend support lineTrend support at 1268.50
Daily :The price has fallen below the Parabolic SARLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Move cursor over the icon to see details.

It was the negative week for the TransDigm Group (TDG). During the week, the TDG dropped -20.21 points, or -1.58%, and closed at 1259.00 on Friday, December 13, 2024. Weekly volume was 26% above average.

TDG is a member of Industrials Sector. Industrials 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 TDG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 499.63 and reached 1451.32 on October 2, 2024. TDG gained -951.69 points, or -190.48%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (1344.35) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TDG may retest the broken support line. It is considered to be a resistance line now. 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 long-term trend.

Medium-term trend: [See TDG medium-term trend chart]
A medium-term uptrend had started on November 22, 2024 at 1230.00 and reached 1317.59 on December 4, 2024. TDG gained -87.59 points, or -7.12%, in 1 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (1268.50) 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 medium-term trend.

Weekly Technical Indicators: [See TDG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since October 18, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See TDG short-term trend chart]
A short-term downtrend had started on December 4, 2024 at 1317.59 and reached 1235.00 on December 13, 2024. TDG lost 82.59 points, or 6.27%, in 9 days. The price is now at the 29.06% retracement level.

Daily Technical Indicators: [See TDG daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since December 3, 2024. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.70
Williams' Percentage Range (W%R) 92.00
Strong Oversold
Lane's Stochastic (%D-Slow) 17.51
Oversold
Greed/Fear Indicator (GFI) 25.07
Moving Average Converg./Diverg. (MACD) -18.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.66
Williams' Percentage Range (W%R) 77.90
Lane's Stochastic (%D-Slow) 18.52
Oversold
Greed/Fear Indicator (GFI) 28.14
Moving Average Converg./Diverg. (MACD) 31.99
Trading Signals
Description Value Chart
Monthly Trendline Resistance 1378.62
Yearly Trendline Support 1344.35
50 Day Moving Average 1319.33
Parabolic System 1315.55
Upper Bollinger Band 1309.21
Monthly Trendline Support 1268.50
20 Day Moving Average 1261.95
Price 1259.00
Weekly Stochastic Crossing 1254.72
Daily Stochastic Crossing 1248.36
Lower Bollinger Band 1239.59
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Aerospace & Defense 12
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 1317.59
High Date 12/04/2024
Low 1235.00
Low Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1317.59
High Date 12/04/2024
Low 1235.00
Low Date 12/13/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 1378.62
Support 1268.50
Low 1230.00
Low Date 11/22/2024
High 1317.59
High Date 12/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1451.32
High Date 10/02/2024
Low 1230.00
Low Date 11/22/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 1543.37
Support 1344.35
Low 499.63
Low Date 10/13/2022
High 1451.32
High Date 10/02/2024
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.