The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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T. Rowe Price Group (TROW) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic bearish divergence
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the T. Rowe Price Group (TROW). During the week, the TROW dropped -3.09 points, or -2.62%, and closed at 114.86 on Friday, March 15, 2024. Weekly volume was 35% above average.

TROW is a member of Financials Sector. Financials 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 TROW long-term trend chart]
A long-term downtrend had started on August 30, 2021 at 224.56 and reached 87.44 on October 27, 2023. TROW lost 137.12 points, or 61.06%, in 112 weeks. The price is now at the 20.00% retracement level.

Medium-term trend: [See TROW medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 87.44 and reached 119.48 on March 12, 2024. TROW gained -32.04 points, or -36.64%, in 19 weeks. The price is now at the 14.42% retracement level.

Weekly Technical Indicators: [See TROW weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 TROW short-term trend chart]
A short-term downtrend had started on March 12, 2024 at 119.48 and reached 113.87 on March 15, 2024. TROW lost 5.61 points, or 4.70%, in 3 days. The price is now at the 17.65% retracement level.

Daily Technical Indicators: [See TROW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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) 68.64
Williams' Percentage Range (W%R) 45.20
Lane's Stochastic (%D-Slow) 54.28
Greed/Fear Indicator (GFI) 59.25
Moving Average Converg./Diverg. (MACD) 2.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.10
Williams' Percentage Range (W%R) 17.50
Overbought
Lane's Stochastic (%D-Slow) 75.72
Bearish
Greed/Fear Indicator (GFI) 71.33
Moving Average Converg./Diverg. (MACD) 0.30
Trading Signals
Description Value Chart
Upper Bollinger Band 120.48
Parabolic System 119.37
Daily Stochastic Crossing 116.49
Weekly Stochastic Crossing 116.27
Price 114.86
20 Day Moving Average 113.88
50 Day Moving Average 110.65
Lower Bollinger Band 107.81
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Asset Management & Custody Banks 41
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 119.48
High Date 03/12/2024
Low 113.87
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.48
High Date 03/12/2024
Low 113.87
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.40
Low Date 02/13/2024
High 119.48
High Date 03/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 87.44
Low Date 10/27/2023
High 119.48
High Date 03/12/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 224.56
High Date 08/30/2021
Low 87.44
Low Date 10/27/2023
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.