The Greedy Trader Weekly Analysis
Sign In Dec 2, 2022
Skip Navigation Links
TA Search
Price vs. Upper Bollinger Band:Crossover
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
bollinger bands,bollinger band crossover,stock market timing signal,bollinger band indicator screener

Advanced TA Search

Archive
- 11/25/2022 -
Sign In to see current Signals.

Dow Jones (^DJI)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergence
Move cursor over the icon to see details.

It was a first positive week for the Dow Jones (^DJI). During the week, the ^DJI gained 601.34 points, or 1.78%, and closed at 34347.03 on Friday, November 25, 2022. Weekly volume was -35% below average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term downtrend had started on January 5, 2022 at 36952.65 and reached 28660.94 on October 13, 2022. ^DJI lost 8291.71 points, or 22.44%, in 40 weeks. The price is now at the 68.58% retracement level.

Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 28660.94 and reached 34386.51 on November 25, 2022. ^DJI gained -5725.57 points, or -19.98%, in 6 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (34724.29) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 21, 2022. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See ^DJI short-term trend chart]
A short-term uptrend had started on November 17, 2022 at 33239.75 and reached 34386.51 on November 25, 2022. ^DJI gained -1146.76 points, or -3.45%, in 8 days. Price is near the trend high.

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

The daily MACD line is above its signal line since October 4, 2022. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.28
Williams' Percentage Range (W%R) 6.50
Strong Overbought
Lane's Stochastic (%D-Slow) 90.61
Strong Overbought
Greed/Fear Indicator (GFI) 86.46
Overbought
Moving Average Converg./Diverg. (MACD) 720.18 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.43
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 86.20
Overbought
Greed/Fear Indicator (GFI) 80.11
Overbought
Moving Average Converg./Diverg. (MACD) -489.86
Trading Signals
Description Value Chart
Weekly Trendline Support 34724.29
Weekly Trendline Resistance 34669.52
Upper Bollinger Band 34487.18
Price 34347.03
Daily Stochastic Crossing 34297.73
Weekly Stochastic Crossing 33941.36
Parabolic System 33527.72
20 Day Moving Average 33254.00
Lower Bollinger Band 31788.93
50 Day Moving Average 31397.99
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 33239.75
Low Date 11/17/2022
High 34386.51
High Date 11/25/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 34669.52
Support 34724.29
Low 28660.94
Low Date 10/13/2022
High 34386.51
High Date 11/25/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34281.36
High Date 08/16/2022
Low 28660.94
Low Date 10/13/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 36952.65
High Date 01/05/2022
Low 28660.94
Low Date 10/13/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 36952.65
High Date 01/05/2022
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.

Copyright© 2004- All rights reserved.