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.

Downtrend Broken Resist.

Archive
- 2/23/2024 -
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Apartment Investment & Mgmt'A' (AIV) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price touches the lower Bollinger Band
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It was the negative week for the Apartment Investment & Mgmt'A' (AIV). During the week, the AIV dropped -0.36 points, or -4.70%, and closed at 7.30 on Friday, February 23, 2024. It was the worst weekly loss since October 27, 2023. Weekly volume was 73% above average.

Long-term trend: [See AIV long-term trend chart]
A long-term downtrend had started on August 12, 2022 at 9.79 and reached 5.63 on October 30, 2023. AIV lost 4.16 points, or 42.49%, in 63 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 5.32 and resistance is at 8.44. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See AIV medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 5.63 and reached 8.04 on December 28, 2023. AIV gained -2.41 points, or -42.81%, in 8 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (7.37) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AIV short-term trend chart]
A short-term downtrend had started on December 28, 2023 at 8.04 and reached 7.06 on February 23, 2024. AIV lost 0.98 points, or 12.19%, in 57 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 7.11 and resistance is at 7.97. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a short-term trend.

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

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.

The price touches the lower Bollinger Band. 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 45.05
Williams' Percentage Range (W%R) 50.50
Lane's Stochastic (%D-Slow) 71.04
Greed/Fear Indicator (GFI) 55.18
Moving Average Converg./Diverg. (MACD) 0.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.68
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 58.58
Greed/Fear Indicator (GFI) 63.65
Moving Average Converg./Diverg. (MACD) -0.03
Trading Signals
Description Value Chart
Yearly Trendline Resistance 8.44
Parabolic System 7.98
Weekly Trendline Resistance 7.97
Monthly Trendline Resistance 7.97
Upper Bollinger Band 7.85
Daily Stochastic Crossing 7.66
50 Day Moving Average 7.64
Weekly Stochastic Crossing 7.59
20 Day Moving Average 7.55
Monthly Trendline Support 7.37
Price 7.30
Lower Bollinger Band 7.30
Weekly Trendline Support 7.11
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry REIT - Residential 32
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7.97
High Date 02/22/2024
Low 7.06
Low Date 02/23/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 7.97
Support 7.11
High 8.04
High Date 12/28/2023
Low 7.06
Low Date 02/23/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 7.97
Support 7.37
Low 5.63
Low Date 10/30/2023
High 8.04
High Date 12/28/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 8.93
High Date 07/24/2023
Low 5.63
Low Date 10/30/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 8.44
Support 5.32
High 9.79
High Date 08/12/2022
Low 5.63
Low Date 10/30/2023
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.