The Greedy Trader Weekly Analysis
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Price vs. 50 Day Moving Average:Near
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Moving Average Crossover - stock market timing alerts.

The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the the direction of a trend. While the price is below the moving average, it is considered as bearish behavior in relation to the trend length being viewed.

When the price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend.

Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use a 20-day moving average crossover to identify weekly trend and 50-day moving average crossover for monthly trend stock market alerts.

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- 3/15/2024 -
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Dow Jones (^DJI) Technical Analysis

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Summary:
Weekly :Broken trend support lineRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
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It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI gave back -7.92 points, or -0.02%, and closed at 38714.77 on Friday, March 15, 2024. Weekly volume was 34% above average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 28660.94 and reached 39282.28 on February 23, 2024. ^DJI gained -10621.34 points, or -37.06%, in 71 weeks. The price is now at the 5.34% retracement level.

Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 32327.20 and reached 39282.28 on February 23, 2024. ^DJI gained -6955.08 points, or -21.51%, in 17 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (39036.98) 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 Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 March 5, 2024 at 38457.83 and reached 39201.94 on March 13, 2024. ^DJI gained -744.11 points, or -1.93%, in 8 days. The price is now at the 65.47% retracement level.

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

The daily MACD line is below its signal line since February 26, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (1.93%) is close to one year low (1.88%). It is 59.42% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. 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) 39.48
Williams' Percentage Range (W%R) 50.10
Lane's Stochastic (%D-Slow) 60.62
Greed/Fear Indicator (GFI) 50.01
Moving Average Converg./Diverg. (MACD) 175.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.17
Overbought
Williams' Percentage Range (W%R) 6.80
Strong Overbought
Lane's Stochastic (%D-Slow) 84.33
Overbought
Greed/Fear Indicator (GFI) 78.31
Moving Average Converg./Diverg. (MACD) 1071.36
Trading Signals
Description Value Chart
Monthly Trendline Resistance 40024.45
Parabolic System 39256.49
Upper Bollinger Band 39151.93
Monthly Trendline Support 39036.98
Weekly Stochastic Crossing 38974.95
Daily Stochastic Crossing 38943.32
20 Day Moving Average 38863.41
Price 38714.77
Lower Bollinger Band 38405.50
50 Day Moving Average 38391.69
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 38457.83
Low Date 03/05/2024
High 39201.94
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 39282.28
High Date 02/23/2024
Low 38457.83
Low Date 03/05/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 40024.45
Support 39036.98
Low 32327.20
Low Date 10/27/2023
High 39282.28
High Date 02/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28660.94
Low Date 10/13/2022
High 39282.28
High Date 02/23/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6440.08
Low Date 03/09/2009
High 39282.28
High Date 02/23/2024
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.