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.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

Analog Devices (ADI)

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :The price is below the lower Bollinger BandBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversoldMACD bullish divergence
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It was the negative week for the Analog Devices (ADI). During the week, the ADI dropped -7.39 points, or -4.95%, and closed at 141.92 on Friday, September 23, 2022. Weekly volume was -7% below average.

Long-term trend: [See ADI long-term trend chart]
A long-term downtrend had started on November 22, 2021 at 191.95 and reached 138.50 on July 5, 2022. ADI lost 53.45 points, or 27.85%, in 32 weeks. The price is now at the 6.40% retracement level.

Medium-term trend: [See ADI medium-term trend chart]
A medium-term uptrend had started on July 5, 2022 at 138.50 and reached 180.01 on August 15, 2022. ADI gained -41.51 points, or -29.97%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (148.90) 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. ADI 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 medium-term trend.

Weekly Technical Indicators: [See ADI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 9, 2022. Use the following link to access a MACD help.

Short-term trend: [See ADI short-term trend chart]
A short-term downtrend had started on August 15, 2022 at 180.01 and reached 140.11 on September 23, 2022. ADI lost 39.90 points, or 22.17%, in 39 days. The chart has formed a Rectangle chart pattern. The downtrend support line (144.67) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since August 16, 2022. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.58
Williams' Percentage Range (W%R) 86.50
Oversold
Lane's Stochastic (%D-Slow) 27.63
Greed/Fear Indicator (GFI) 26.58
Moving Average Converg./Diverg. (MACD) -4.12 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.60
Williams' Percentage Range (W%R) 87.20
Oversold
Lane's Stochastic (%D-Slow) 29.46
Greed/Fear Indicator (GFI) 30.13
Moving Average Converg./Diverg. (MACD) -0.77
Trading Signals
Description Value Chart
50 Day Moving Average 161.68
Upper Bollinger Band 159.27
Parabolic System 153.59
Weekly Trendline Resistance 153.30
20 Day Moving Average 150.46
Monthly Trendline Support 148.90
Weekly Stochastic Crossing 148.34
Lower Bollinger Band 144.69
Weekly Trendline Support 144.67
Monthly Trendline Resistance 144.41
Daily Stochastic Crossing 143.46
Price 141.92
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Semiconductors 28
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 155.85
High Date 09/12/2022
Low 140.11
Low Date 09/23/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Broken Support
Resistance 153.30
Support 144.67
High 180.01
High Date 08/15/2022
Low 140.11
Low Date 09/23/2022
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 144.41
Support 148.90
Low 138.50
Low Date 07/05/2022
High 180.01
High Date 08/15/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 191.95
High Date 11/22/2021
Low 138.50
Low Date 07/05/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.29
Low Date 12/05/2008
High 191.95
High Date 11/22/2021
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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