The Greedy Trader Weekly Analysis
Sign In Jun 2, 2023
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Dish Network (DISH)

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Summary:
Weekly :Overbought sectorRelative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
Daily :The price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the Dish Network (DISH). During the week, the DISH gave back -0.04 points, or -0.60%, and closed at 6.66 on Friday, May 26, 2023. Weekly volume was 128% above average.

DISH is a member of Communication Services Sector. Communication Services 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 DISH long-term trend chart]
A long-term downtrend had started on October 4, 2021 at 46.31 and reached 5.94 on May 12, 2023. DISH lost 40.37 points, or 87.17%, in 83 weeks. Price is near the trend low.

Medium-term trend: [See DISH medium-term trend chart]
A medium-term downtrend had started on November 15, 2022 at 17.49 and reached 5.94 on May 12, 2023. DISH lost 11.55 points, or 66.04%, in 25 weeks. The price is now at the 6.23% retracement level.

Weekly Technical Indicators: [See DISH weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 10, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DISH short-term trend chart]
A short-term downtrend had started on May 25, 2023 at 7.44 and reached 6.46 on May 26, 2023. DISH lost 0.98 points, or 13.17%, in 1 days. The price is now at the 20.41% retracement level.

Daily Technical Indicators: [See DISH daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 12, 2023. The distance between MACD and the signal line is low and getting smaller.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.11
Williams' Percentage Range (W%R) 57.30
Lane's Stochastic (%D-Slow) 49.36
Greed/Fear Indicator (GFI) 44.38
Moving Average Converg./Diverg. (MACD) -0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 11.51
Oversold
Williams' Percentage Range (W%R) 93.00
Strong Oversold
Lane's Stochastic (%D-Slow) 9.96
Strong Oversold
Greed/Fear Indicator (GFI) 17.82
Oversold
Moving Average Converg./Diverg. (MACD) -2.39
Trading Signals
Description Value Chart
50 Day Moving Average 7.71
Upper Bollinger Band 7.54
20 Day Moving Average 6.71
Daily Stochastic Crossing 6.68
Price 6.66
Weekly Stochastic Crossing 6.35
Lower Bollinger Band 6.17
Parabolic System 6.07
Sector and Industry
Description Name Rank
Sector Communication Services 11
Industry Cable & Satellite 48
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7.44
High Date 05/25/2023
Low 6.46
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 15.96
High Date 02/02/2023
Low 5.94
Low Date 05/12/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 17.49
High Date 11/15/2022
Low 5.94
Low Date 05/12/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.31
High Date 10/04/2021
Low 5.94
Low Date 05/12/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.05
High Date 05/10/2021
Low 5.94
Low Date 05/12/2023
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.

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