The Greedy Trader Weekly Analysis
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- 11/8/2024 -
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UDR Inc (UDR) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the UDR Inc (UDR). During the week, the UDR gained 3.18 points, or 7.70%, and closed at 44.48 on Friday, November 8, 2024. Weekly volume was 14% above average.

Long-term trend: [See UDR long-term trend chart]
A long-term downtrend had started on January 4, 2022 at 61.06 and reached 30.95 on November 1, 2023. UDR lost 30.11 points, or 49.31%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (24.41) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See UDR medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 30.95 and reached 47.55 on September 16, 2024. UDR gained -16.60 points, or -53.63%, in 45 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 43.05 and resistance is at 49.18. 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 medium-term trend.

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

The weekly MACD line is below its signal line since October 25, 2024. Use the following link to access a MACD help.

Short-term trend: [See UDR short-term trend chart]
A short-term uptrend had started on November 1, 2024 at 41.04 and reached 44.68 on November 8, 2024. UDR gained -3.64 points, or -8.87%, in 7 days. The price is now at the 5.49% retracement level.

Daily Technical Indicators: [See UDR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

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

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 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.

Price is close to the 50 Day Moving Average. 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) 54.33
Williams' Percentage Range (W%R) 32.00
Lane's Stochastic (%D-Slow) 61.22
Greed/Fear Indicator (GFI) 61.18
Moving Average Converg./Diverg. (MACD) -0.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.30
Williams' Percentage Range (W%R) 46.60
Lane's Stochastic (%D-Slow) 36.99
Greed/Fear Indicator (GFI) 48.68
Moving Average Converg./Diverg. (MACD) 1.59
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 49.18
Upper Bollinger Band 45.54
50 Day Moving Average 44.62
Price 44.48
Monthly Trendline Resistance 43.97
20 Day Moving Average 43.74
Daily Stochastic Crossing 43.59
Weekly Stochastic Crossing 43.28
Quarterly Trendline Support 43.05
Lower Bollinger Band 41.80
Parabolic System 41.21
Monthly Trendline Support 40.35
Sector and Industry
Description Name Rank
Sector Real Estate 6
Industry REIT - Residential 32
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 41.04
Low Date 11/01/2024
High 44.68
High Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.04
Low Date 11/01/2024
High 44.68
High Date 11/08/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 43.97
Support 40.35
High 47.55
High Date 09/16/2024
Low 41.04
Low Date 11/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 49.18
Support 43.05
Low 30.95
Low Date 11/01/2023
High 47.55
High Date 09/16/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 21.31
Support 24.41
High 61.06
High Date 01/04/2022
Low 30.95
Low Date 11/01/2023
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.