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.

Uptrend Support

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- 11/24/2023 -
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Corteva (CTVA) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was the negative week for the Corteva (CTVA). During the week, the CTVA dropped -0.65 points, or -1.37%, and closed at 46.67 on Friday, November 24, 2023. Weekly volume was -31% below average.

Long-term trend: [See CTVA long-term trend chart]
A long-term downtrend had started on November 2, 2022 at 68.43 and reached 43.22 on November 13, 2023. CTVA lost 25.21 points, or 36.84%, in 53 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (49.09) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support 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 43.22 on November 13, 2023. CTVA lost 20.15 points, or 31.80%, in 30 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 43.99 and resistance is at 51.01. 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 medium-term trend.

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

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 uptrend had started on November 13, 2023 at 43.22 and reached 47.95 on November 16, 2023. CTVA gained -4.73 points, or -10.94%, in 3 days. The price is now at the 27.06% retracement level.

Daily Technical Indicators: [See CTVA 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.04
Williams' Percentage Range (W%R) 59.90
Lane's Stochastic (%D-Slow) 60.98
Greed/Fear Indicator (GFI) 45.38
Moving Average Converg./Diverg. (MACD) -0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.18
Williams' Percentage Range (W%R) 79.20
Lane's Stochastic (%D-Slow) 26.73
Greed/Fear Indicator (GFI) 30.34
Moving Average Converg./Diverg. (MACD) -2.35
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 51.01
Upper Bollinger Band 50.79
50 Day Moving Average 49.24
Yearly Trendline Support 49.09
20 Day Moving Average 47.32
Daily Stochastic Crossing 46.98
Price 46.67
Weekly Stochastic Crossing 45.62
Quarterly Trendline Support 43.99
Parabolic System 43.98
Lower Bollinger Band 43.95
Sector and Industry
Description Name Rank
Sector Materials 6
Industry Fertilizers & Agricultural Chemicals 11
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 47.95
High Date 11/16/2023
Low 45.49
Low Date 11/22/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.22
Low Date 11/13/2023
High 47.95
High Date 11/16/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.40
High Date 09/13/2023
Low 43.22
Low Date 11/13/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 51.01
Support 43.99
High 63.37
High Date 04/14/2023
Low 43.22
Low Date 11/13/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 57.65
Support 49.09
High 68.43
High Date 11/02/2022
Low 43.22
Low Date 11/13/2023
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.