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

Church & Dwight (CHD)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Church & Dwight (CHD). During the week, the CHD dropped -1.06 points, or -1.12%, and closed at 93.97 on Friday, May 26, 2023. CHD was trading at average weekly trading volume.

CHD is a member of Consumer Staples Sector. Consumer Staples is the most overbought 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 downtrend had started on April 27, 2022 at 105.28 and reached 70.16 on October 10, 2022. CHD lost 35.12 points, or 33.36%, in 23 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (48.76) 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 CHD medium-term trend chart]
A medium-term uptrend had started on October 10, 2022 at 70.16 and reached 98.33 on May 3, 2023. CHD gained -28.17 points, or -40.15%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 88.37 and resistance is at 100.84. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CHD weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since November 18, 2022. This is an indication that the medium-term trend is up. 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 May 3, 2023 at 98.33 and reached 92.95 on May 25, 2023. CHD lost 5.38 points, or 5.47%, in 22 days. The price is now at the 18.96% retracement level.

Daily Technical Indicators: [See CHD daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since May 9, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.44
Williams' Percentage Range (W%R) 94.00
Strong Oversold
Lane's Stochastic (%D-Slow) 19.04
Oversold
Greed/Fear Indicator (GFI) 18.14
Oversold
Moving Average Converg./Diverg. (MACD) 1.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.59
Williams' Percentage Range (W%R) 25.70
Lane's Stochastic (%D-Slow) 84.17
Overbought
Greed/Fear Indicator (GFI) 74.07
Moving Average Converg./Diverg. (MACD) 2.20
Trading Signals
Description Value Chart
Monthly Trendline Resistance 100.84
Upper Bollinger Band 97.07
Weekly Stochastic Crossing 96.28
20 Day Moving Average 95.71
Parabolic System 95.16
Price 93.97
Daily Stochastic Crossing 93.41
Lower Bollinger Band 91.82
50 Day Moving Average 91.75
Monthly Trendline Support 88.37
Sector and Industry
Description Name Rank
Sector Consumer Staples 10
Industry Household Products 109
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 97.48
High Date 05/15/2023
Low 92.95
Low Date 05/25/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 98.33
High Date 05/03/2023
Low 92.95
Low Date 05/25/2023
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 100.84
Support 88.37
Low 70.16
Low Date 10/10/2022
High 98.33
High Date 05/03/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 68.67
Support 48.76
High 105.28
High Date 04/27/2022
Low 70.16
Low Date 10/10/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.56
Low Date 12/01/2016
High 105.28
High Date 04/27/2022
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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