The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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State Street Corp. (STT) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARBroken trend resistance line
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It was a third positive week after 3 consecutive negative weeks for the State Street Corp. (STT). During the week, the STT gained 2.19 points, or 2.94%, and closed at 76.58 on Friday, May 10, 2024. It was the best weekly gain since March 22, 2024. Weekly volume was -27% below average.

STT is a member of Financials Sector. Financials 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 STT long-term trend chart]
A long-term downtrend had started on January 13, 2022 at 104.87 and reached 58.62 on October 13, 2022. STT lost 46.25 points, or 44.10%, in 39 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 64.92 and resistance is at 83.16. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See STT medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 62.78 and reached 79.90 on January 19, 2024. STT gained -17.12 points, or -27.27%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (77.01) 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 STT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 19, 2024. 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 STT short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 78.50 and reached 72.13 on April 17, 2024. STT lost 6.37 points, or 8.11%, in 13 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (72.35) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. STT may retest the broken resistance line. It is considered to be a support line now. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See STT daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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) 63.67
Williams' Percentage Range (W%R) 17.10
Overbought
Lane's Stochastic (%D-Slow) 87.72
Overbought
Greed/Fear Indicator (GFI) 78.10
Moving Average Converg./Diverg. (MACD) -0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.99
Williams' Percentage Range (W%R) 36.30
Lane's Stochastic (%D-Slow) 46.23
Greed/Fear Indicator (GFI) 55.49
Moving Average Converg./Diverg. (MACD) 0.74
Trading Signals
Description Value Chart
Yearly Trendline Resistance 83.16
Quarterly Trendline Resistance 77.80
Quarterly Trendline Support 77.01
Upper Bollinger Band 76.96
Price 76.58
Daily Stochastic Crossing 76.45
50 Day Moving Average 74.42
Weekly Stochastic Crossing 74.21
20 Day Moving Average 74.14
Parabolic System 72.97
Lower Bollinger Band 72.40
Weekly Trendline Support 72.35
Weekly Trendline Resistance 71.52
Yearly Trendline Support 64.92
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Asset Management & Custody Banks 53
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 72.13
Low Date 04/17/2024
High 77.11
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 71.52
Support 72.35
High 78.50
High Date 04/04/2024
Low 72.13
Low Date 04/17/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.90
High Date 01/19/2024
Low 70.53
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 77.80
Support 77.01
Low 62.78
Low Date 10/27/2023
High 79.90
High Date 01/19/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 83.16
Support 64.92
High 104.87
High Date 01/13/2022
Low 58.62
Low Date 10/13/2022
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.