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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- 4/5/2024 -
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Leidos Holdings (LDOS) Technical Analysis

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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARBullish Doji CandlestickPrice is near the Fibonacci 23.6% retracement levelThe period of low volatility of the stock price
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It was the negative week for the Leidos Holdings (LDOS). During the week, the LDOS dropped -2.43 points, or -1.85%, and closed at 128.66 on Friday, April 5, 2024. Weekly volume was -27% below average.

LDOS is a member of Information Technology Sector. Information Technology is the second 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 LDOS long-term trend chart]
A long-term uptrend had started on May 17, 2023 at 76.58 and reached 131.50 on March 28, 2024. LDOS gained -54.92 points, or -71.72%, in 45 weeks. The price is now at the 5.17% retracement level.

Medium-term trend: [See LDOS medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 89.22 and reached 131.50 on March 28, 2024. LDOS gained -42.28 points, or -47.39%, in 24 weeks. The price is now at the 6.72% retracement level.

Weekly Technical Indicators: [See LDOS weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 23, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See LDOS short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 131.50 and reached 127.78 on April 5, 2024. LDOS lost 3.72 points, or 2.83%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See LDOS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is below its signal line since March 7, 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.

The distance between the Bollinger Bands is falling, and it was 3.54% on Friday. It is 62.94% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Candlestick pattern: [See LDOS candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.45
Williams' Percentage Range (W%R) 47.30
Lane's Stochastic (%D-Slow) 39.71
Greed/Fear Indicator (GFI) 48.62
Moving Average Converg./Diverg. (MACD) 1.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.43
Overbought
Williams' Percentage Range (W%R) 9.70
Strong Overbought
Lane's Stochastic (%D-Slow) 91.86
Strong Overbought
Greed/Fear Indicator (GFI) 83.78
Overbought
Moving Average Converg./Diverg. (MACD) 6.88
Trading Signals
Description Value Chart
Parabolic System 131.63
Upper Bollinger Band 130.49
Weekly Stochastic Crossing 129.71
Daily Stochastic Crossing 128.89
Price 128.66
20 Day Moving Average 128.62
Lower Bollinger Band 125.92
50 Day Moving Average 123.34
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry IT Consulting & Other Services 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 131.50
High Date 03/28/2024
Low 127.78
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.50
High Date 03/28/2024
Low 127.78
Low Date 04/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 105.52
Low Date 12/21/2023
High 131.50
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.22
Low Date 10/06/2023
High 131.50
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.58
Low Date 05/17/2023
High 131.50
High Date 03/28/2024
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.