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

Equifax Inc. (EFX)

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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved above its signal line
Daily :Stochastic signal line moved below overbought areaPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was a third consecutive positive week for the Equifax Inc. (EFX). During the week, the EFX climbed 0.52 points, or 0.25%, and closed at 210.64 on Friday, May 26, 2023. Weekly volume was -28% below average.

EFX is a member of Industrials Sector. Industrials 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 EFX long-term trend chart]
A long-term downtrend had started on December 13, 2021 at 300.11 and reached 145.98 on October 21, 2022. EFX lost 154.13 points, or 51.36%, in 44 weeks. The price is now at the 41.95% retracement level.

Medium-term trend: [See EFX medium-term trend chart]
A medium-term uptrend had started on October 21, 2022 at 145.98 and reached 234.14 on February 2, 2023. EFX gained -88.16 points, or -60.39%, in 14 weeks. The price is now at the 26.66% retracement level.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See EFX short-term trend chart]
A short-term uptrend had started on March 13, 2023 at 189.94 and reached 216.78 on May 22, 2023. EFX gained -26.84 points, or -14.13%, in 70 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EFX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 daily MACD line is above its signal line since May 9, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.56
Williams' Percentage Range (W%R) 45.50
Lane's Stochastic (%D-Slow) 55.48
Greed/Fear Indicator (GFI) 58.19
Moving Average Converg./Diverg. (MACD) 2.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.39
Williams' Percentage Range (W%R) 60.20
Lane's Stochastic (%D-Slow) 64.19
Greed/Fear Indicator (GFI) 52.33
Moving Average Converg./Diverg. (MACD) 1.19
Trading Signals
Description Value Chart
Upper Bollinger Band 215.22
Price 210.64
Daily Stochastic Crossing 209.19
Weekly Stochastic Crossing 207.88
Parabolic System 205.59
20 Day Moving Average 204.93
50 Day Moving Average 201.58
Lower Bollinger Band 196.60
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Research & Consulting Services 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 189.94
Low Date 03/13/2023
High 216.78
High Date 05/22/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 234.14
High Date 02/02/2023
Low 189.94
Low Date 03/13/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 145.98
Low Date 10/21/2022
High 234.14
High Date 02/02/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 300.11
High Date 12/13/2021
Low 145.98
Low Date 10/21/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.38
Low Date 11/21/2008
High 300.11
High Date 12/13/2021
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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