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
- 3/15/2024 -
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Alexandria Real Estate Equities (ARE) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Alexandria Real Estate Equities (ARE). During the week, the ARE dropped -3.42 points, or -2.69%, and closed at 123.75 on Friday, March 15, 2024. Weekly volume was -13% below average.

Long-term trend: [See ARE long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 224.95 and reached 90.73 on October 31, 2023. ARE lost 134.22 points, or 59.67%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (77.70) 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 ARE medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 111.19 and reached 128.37 on March 11, 2024. ARE gained -17.18 points, or -15.45%, in 3 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (128.21) 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 ARE weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ARE short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 128.37 and reached 121.31 on March 14, 2024. ARE lost 7.06 points, or 5.50%, in 3 days. The price is now at the 34.56% retracement level.

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

The daily MACD line is above its signal line since February 20, 2024. 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 is close to 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 62.65
Williams' Percentage Range (W%R) 54.60
Lane's Stochastic (%D-Slow) 52.40
Greed/Fear Indicator (GFI) 53.48
Moving Average Converg./Diverg. (MACD) 1.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.25
Williams' Percentage Range (W%R) 30.10
Lane's Stochastic (%D-Slow) 50.91
Greed/Fear Indicator (GFI) 56.00
Moving Average Converg./Diverg. (MACD) 1.27
Trading Signals
Description Value Chart
Monthly Trendline Resistance 130.52
Upper Bollinger Band 128.30
Monthly Trendline Support 128.21
Parabolic System 127.86
Daily Stochastic Crossing 124.50
Price 123.75
20 Day Moving Average 123.20
50 Day Moving Average 122.55
Weekly Stochastic Crossing 121.51
Yearly Trendline Resistance 119.01
Lower Bollinger Band 118.49
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Office REITs 29
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 128.37
High Date 03/11/2024
Low 121.31
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 128.37
High Date 03/11/2024
Low 121.31
Low Date 03/14/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 130.52
Support 128.21
Low 111.19
Low Date 02/13/2024
High 128.37
High Date 03/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 90.73
Low Date 10/31/2023
High 135.45
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 119.01
Support 77.70
High 224.95
High Date 12/31/2021
Low 90.73
Low Date 10/31/2023
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.