The Greedy Trader Weekly Analysis
Sign In Feb 23, 2024
Skip Navigation Links
Number of records: 10
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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
- 2/16/2024 -
Sign In to see current Signals.

Capri Hold (CPRI) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARTrend resistance at 47.52
Move cursor over the icon to see details.

It was a first positive week after 5 consecutive negative weeks for the Capri Hold (CPRI). During the week, the CPRI gained 0.49 points, or 1.05%, and closed at 47.32 on Friday, February 16, 2024. It was the best weekly gain since December 22, 2023. Weekly volume was -63% below average.

Long-term trend: [See CPRI long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 72.37 and reached 34.17 on July 6, 2023. CPRI lost 38.20 points, or 52.78%, in 73 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 32.21 and resistance is at 66.57. 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 CPRI medium-term trend chart]
A medium-term downtrend had started on August 10, 2023 at 54.52 and reached 45.85 on February 9, 2024. CPRI lost 8.67 points, or 15.90%, in 26 weeks. The price is now at the 16.96% retracement level.

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

The weekly MACD line is below its signal line since November 17, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See CPRI short-term trend chart]
A short-term downtrend had started on January 11, 2024 at 51.23 and reached 45.85 on February 9, 2024. CPRI lost 5.38 points, or 10.50%, in 29 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (47.52). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

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

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 35.42
Williams' Percentage Range (W%R) 68.40
Lane's Stochastic (%D-Slow) 64.37
Greed/Fear Indicator (GFI) 43.78
Moving Average Converg./Diverg. (MACD) -0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.09
Williams' Percentage Range (W%R) 78.90
Lane's Stochastic (%D-Slow) 39.07
Greed/Fear Indicator (GFI) 35.92
Moving Average Converg./Diverg. (MACD) 0.91
Trading Signals
Description Value Chart
Upper Bollinger Band 50.11
50 Day Moving Average 49.14
20 Day Moving Average 47.95
Weekly Trendline Resistance 47.52
Weekly Stochastic Crossing 47.34
Price 47.32
Daily Stochastic Crossing 47.18
Parabolic System 46.76
Lower Bollinger Band 45.83
Weekly Trendline Support 44.31
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Apparel, Accessories & Luxury Goods 43
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.85
Low Date 02/09/2024
High 47.72
High Date 02/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 47.52
Support 44.31
High 51.23
High Date 01/11/2024
Low 45.85
Low Date 02/09/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.52
High Date 08/10/2023
Low 45.85
Low Date 02/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.17
Low Date 07/06/2023
High 54.52
High Date 08/10/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 66.57
Support 32.21
High 72.37
High Date 02/10/2022
Low 34.17
Low Date 07/06/2023
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.