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.

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- 7/19/2024 -
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Church & Dwight (CHD) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversold
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It was the negative week for the Church & Dwight (CHD). During the week, the CHD dropped -1.50 points, or -1.44%, and closed at 102.61 on Friday, July 19, 2024. Weekly volume was 15% above average.

CHD is a member of Consumer Staples Sector. Consumer Staples is the most oversold 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 CHD long-term trend chart]
A long-term uptrend had started on October 10, 2022 at 70.16 and reached 110.31 on June 18, 2024. CHD gained -40.15 points, or -57.23%, in 88 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 88.89 and resistance is at 111.17. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See CHD medium-term trend chart]
A medium-term uptrend had started on November 3, 2023 at 82.25 and reached 110.31 on June 18, 2024. CHD gained -28.06 points, or -34.12%, in 32 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (107.64) 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. CHD 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 CHD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 21, 2024. Use the following link to access a MACD help.

Short-term trend: [See CHD short-term trend chart]
A short-term downtrend had started on June 18, 2024 at 110.31 and reached 101.10 on July 15, 2024. CHD lost 9.21 points, or 8.35%, in 27 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 100.40 and resistance is at 103.55. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CHD 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. 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 daily MACD line is below its signal line since June 24, 2024. This is an indication that the short-term trend is down.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.20
Williams' Percentage Range (W%R) 81.00
Oversold
Lane's Stochastic (%D-Slow) 23.74
Greed/Fear Indicator (GFI) 29.64
Moving Average Converg./Diverg. (MACD) -0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.44
Williams' Percentage Range (W%R) 67.30
Lane's Stochastic (%D-Slow) 39.71
Greed/Fear Indicator (GFI) 39.35
Moving Average Converg./Diverg. (MACD) 2.67
Trading Signals
Description Value Chart
Monthly Trendline Resistance 112.33
Quarterly Trendline Resistance 111.17
Upper Bollinger Band 107.95
Monthly Trendline Support 107.64
50 Day Moving Average 106.03
Parabolic System 105.82
20 Day Moving Average 104.54
Weekly Stochastic Crossing 103.66
Weekly Trendline Resistance 103.55
Price 102.61
Daily Stochastic Crossing 102.57
Lower Bollinger Band 100.84
Weekly Trendline Support 100.40
Quarterly Trendline Support 88.89
Sector and Industry
Description Name Rank
Sector Consumer Staples 1
Industry Household Products 55
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 106.77
High Date 07/05/2024
Low 101.10
Low Date 07/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 103.55
Support 100.40
High 110.31
High Date 06/18/2024
Low 101.10
Low Date 07/15/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 112.33
Support 107.64
Low 82.25
Low Date 11/03/2023
High 110.31
High Date 06/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 111.17
Support 88.89
Low 70.16
Low Date 10/10/2022
High 110.31
High Date 06/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.56
Low Date 12/01/2016
High 110.31
High Date 06/18/2024
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.