The Greedy Trader Weekly Analysis
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Uptrend Support
Uptrend Support 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. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for uptrend support trend trading. Technical analysis of stock trend and uptrend support trend trading.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,uptrend support

Corteva (CTVA)

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Summary:
Weekly :Oversold sectorOversold industryWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the Corteva (CTVA). During the week, the CTVA dropped -1.80 points, or -3.16%, and closed at 55.17 on Friday, May 26, 2023. Weekly volume was -33% below average.

CTVA is a member of Materials Sector. Materials is the second most oversold sector. CTVA is a member of Fertilizers & Agricultural Chemicals Industry. Fertilizers & Agricultural Chemicals is the eighth most oversold industry. 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 CTVA long-term trend chart]
A long-term downtrend had started on November 2, 2022 at 68.43 and reached 54.62 on May 25, 2023. CTVA lost 13.81 points, or 20.18%, in 29 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 53.89 and resistance is at 62.45. 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 CTVA medium-term trend chart]
A medium-term downtrend had started on April 14, 2023 at 63.37 and reached 54.62 on May 25, 2023. CTVA lost 8.75 points, or 13.81%, in 5 weeks. The price is now at the 6.29% retracement level.

Weekly Technical Indicators: [See CTVA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 weekly MACD line is below its signal line since December 9, 2022. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See CTVA short-term trend chart]
A short-term downtrend had started on May 22, 2023 at 57.37 and reached 54.62 on May 25, 2023. CTVA lost 2.75 points, or 4.79%, in 3 days. The price is now at the 20.00% retracement level.

Daily Technical Indicators: [See CTVA daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 24, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.17
Williams' Percentage Range (W%R) 92.30
Strong Oversold
Lane's Stochastic (%D-Slow) 27.68
Bullish
Greed/Fear Indicator (GFI) 23.53
Moving Average Converg./Diverg. (MACD) -1.08 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.40
Williams' Percentage Range (W%R) 94.70
Strong Oversold
Lane's Stochastic (%D-Slow) 29.79
Greed/Fear Indicator (GFI) 25.04
Moving Average Converg./Diverg. (MACD) -0.22
Trading Signals
Description Value Chart
Yearly Trendline Resistance 62.45
Upper Bollinger Band 60.60
50 Day Moving Average 59.00
20 Day Moving Average 57.27
Parabolic System 56.88
Weekly Stochastic Crossing 56.58
Price 55.17
Daily Stochastic Crossing 55.13
Yearly Trendline Support 53.89
Lower Bollinger Band 53.82
Sector and Industry
Description Name Rank
Sector Materials 2
Industry Fertilizers & Agricultural Chemicals 8
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 57.37
High Date 05/22/2023
Low 54.62
Low Date 05/25/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.37
High Date 05/22/2023
Low 54.62
Low Date 05/25/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.37
High Date 05/22/2023
Low 54.62
Low Date 05/25/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.37
High Date 04/14/2023
Low 54.62
Low Date 05/25/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 62.45
Support 53.89
High 68.43
High Date 11/02/2022
Low 54.62
Low Date 05/25/2023
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.

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