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

Borgwarner Inc (BWA)

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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the Borgwarner Inc (BWA). During the week, the BWA dropped -2.39 points, or -4.95%, and closed at 45.86 on Friday, November 19, 2021. It was the worst weekly loss since August 20, 2021. Weekly volume was -79% below average.

Long-term trend: [See BWA long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 17.00 and reached 55.55 on June 3, 2021. BWA gained -38.55 points, or -226.76%, in 63 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (63.43) 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 long-term trend.

Medium-term trend: [See BWA medium-term trend chart]
A medium-term uptrend had started on October 27, 2021 at 43.33 and reached 49.12 on November 16, 2021. BWA gained -5.79 points, or -13.36%, in 2 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (48.24) 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 BWA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 29, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See BWA short-term trend chart]
A short-term downtrend had started on November 16, 2021 at 49.12 and reached 45.56 on November 19, 2021. BWA lost 3.56 points, or 7.25%, in 3 days. The price is now at the 8.43% retracement level.

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

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

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.

During the last week, the price has declined below 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) 44.31
Williams' Percentage Range (W%R) 46.60
Lane's Stochastic (%D-Slow) 51.81
Greed/Fear Indicator (GFI) 49.83
Moving Average Converg./Diverg. (MACD) 0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.76
Williams' Percentage Range (W%R) 36.70
Lane's Stochastic (%D-Slow) 72.83
Greed/Fear Indicator (GFI) 63.54
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Weekly Trendline Resistance 49.39
Upper Bollinger Band 49.15
Parabolic System 49.02
Weekly Trendline Support 48.24
Weekly Stochastic Crossing 47.54
Daily Stochastic Crossing 47.02
20 Day Moving Average 46.60
Price 45.86
50 Day Moving Average 45.47
Lower Bollinger Band 44.37
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Auto Parts & Equipment 101
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 49.12
High Date 11/16/2021
Low 45.56
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 49.39
Support 48.24
Low 43.33
Low Date 10/27/2021
High 49.12
High Date 11/16/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.28
Low Date 09/20/2021
High 49.12
High Date 11/16/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.55
High Date 06/03/2021
Low 40.28
Low Date 09/20/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 63.70
Support 63.43
Low 17.00
Low Date 03/18/2020
High 55.55
High Date 06/03/2021
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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