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.

Uptrend Exhaustion

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- 11/24/2023 -
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Facebook (FB) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtA Parabolic SAR indicator is above and near the price
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It was a fourth positive week after 3 consecutive negative weeks for the Facebook (FB). During the week, the FB climbed 3.19 points, or 0.95%, and closed at 338.23 on Friday, November 24, 2023. Weekly volume was -56% below average.

FB is a member of Communication Services Sector. Communication Services 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 FB long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 88.09 and reached 342.92 on November 22, 2023. FB gained -254.83 points, or -289.28%, in 54 weeks. Price is near the trend high.

Medium-term trend: [See FB medium-term trend chart]
A medium-term uptrend had started on August 18, 2023 at 274.39 and reached 342.92 on November 22, 2023. FB gained -68.53 points, or -24.98%, in 13 weeks. The price is now at the 6.84% retracement level.

Weekly Technical Indicators: [See FB weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 August 18, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See FB short-term trend chart]
A short-term uptrend had started on October 26, 2023 at 279.40 and reached 342.92 on November 22, 2023. FB gained -63.52 points, or -22.73%, in 27 days. The price is now at the 7.38% retracement level.

Daily Technical Indicators: [See FB daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 3, 2023. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (335.04) comes close to the price (338.23). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.27
Williams' Percentage Range (W%R) 5.60
Strong Overbought
Lane's Stochastic (%D-Slow) 84.83
Overbought
Greed/Fear Indicator (GFI) 85.50
Overbought
Moving Average Converg./Diverg. (MACD) 6.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.99
Williams' Percentage Range (W%R) 4.10
Strong Overbought
Lane's Stochastic (%D-Slow) 73.42
Greed/Fear Indicator (GFI) 75.87
Moving Average Converg./Diverg. (MACD) 22.99
Trading Signals
Description Value Chart
Upper Bollinger Band 353.84
Daily Stochastic Crossing 340.37
Price 338.23
Parabolic System 335.04
Weekly Stochastic Crossing 329.34
20 Day Moving Average 323.29
50 Day Moving Average 314.17
Lower Bollinger Band 299.64
Sector and Industry
Description Name Rank
Sector Communication Services 12
Industry Interactive Media & Services 111
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 342.92
High Date 11/22/2023
Low 336.77
Low Date 11/24/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 279.40
Low Date 10/26/2023
High 342.92
High Date 11/22/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 274.39
Low Date 08/18/2023
High 342.92
High Date 11/22/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.09
Low Date 11/04/2022
High 342.92
High Date 11/22/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 384.33
High Date 09/01/2021
Low 88.09
Low Date 11/04/2022
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.