The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion 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 Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

iPath Dow Jones-AIG Commodity Idx TR ETN (DJP)

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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Price has crossed below the 50 Day Moving Average
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It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP gave back -0.28 points, or -0.94%, and closed at 29.65 on Friday, November 19, 2021. It was the worst weekly loss since August 20, 2021. Weekly volume was -58% below average.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 15.61 and reached 31.00 on October 25, 2021. DJP gained -15.39 points, or -98.59%, in 83 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 27.93 and resistance is at 32.23. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See DJP medium-term trend chart]
A medium-term uptrend had started on March 30, 2021 at 23.31 and reached 31.00 on October 25, 2021. DJP gained -7.69 points, or -32.99%, in 29 weeks. The price is now at the 17.56% retracement level.

Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 weekly MACD line is above its signal line since October 1, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DJP short-term trend chart]
A short-term uptrend had started on November 9, 2021 at 29.50 and reached 30.30 on November 16, 2021. DJP gained -0.80 points, or -2.71%, in 7 days. The price is now at the 81.25% retracement level.

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

The daily MACD line is below its signal line since October 26, 2021.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.45
Williams' Percentage Range (W%R) 77.30
Lane's Stochastic (%D-Slow) 43.02
Greed/Fear Indicator (GFI) 34.05
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.67
Williams' Percentage Range (W%R) 23.20
Lane's Stochastic (%D-Slow) 78.80
Greed/Fear Indicator (GFI) 71.01
Moving Average Converg./Diverg. (MACD) 1.26
Trading Signals
Description Value Chart
Yearly Trendline Resistance 32.23
Upper Bollinger Band 30.66
Weekly Stochastic Crossing 30.46
20 Day Moving Average 30.12
Parabolic System 30.07
Daily Stochastic Crossing 29.86
50 Day Moving Average 29.67
Price 29.65
Lower Bollinger Band 29.26
Yearly Trendline Support 27.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 30.30
High Date 11/16/2021
Low 29.60
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.50
Low Date 11/09/2021
High 30.30
High Date 11/16/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.00
High Date 10/25/2021
Low 29.50
Low Date 11/09/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.31
Low Date 03/30/2021
High 31.00
High Date 10/25/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 32.23
Support 27.93
Low 15.61
Low Date 03/18/2020
High 31.00
High Date 10/25/2021
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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