The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Dow Jones
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal line
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It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI gave back -116.08 points, or -0.47%, and closed at 24715.09 on Friday, May 18, 2018. Weekly volume was -16% below average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 6440.08 and reached 26616.71 on January 26, 2018. ^DJI gained -20176.63 points, or -313.30%, in 463 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (19071.45) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See ^DJI medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 15370.33 and reached 26616.71 on January 26, 2018. ^DJI gained -11246.38 points, or -73.17%, in 126 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 15912.27 and resistance is at 27817.84. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 9, 2018. 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 May 3, 2018 at 23531.31 and reached 24994.19 on May 14, 2018. ^DJI gained -1462.88 points, or -6.22%, in 11 days. The price is now at the 19.08% retracement level.

Daily Technical Indicators: [See ^DJI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 4, 2018. 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) 68.11
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 77.01
Greed/Fear Indicator (GFI) 75.18
Moving Average Converg./Diverg. (MACD) 55.62
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.94
Williams' Percentage Range (W%R) 58.30
Lane's Stochastic (%D-Slow) 51.24
Greed/Fear Indicator (GFI) 47.31
Moving Average Converg./Diverg. (MACD) 393.04
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 27817.84
Upper Bollinger Band 25135.57
Daily Stochastic Crossing 24812.39
Price 24715.09
50 Day Moving Average 24417.26
20 Day Moving Average 24410.23
Parabolic System 24332.92
Weekly Stochastic Crossing 24182.32
Monthly Trendline Resistance 24097.02
Lower Bollinger Band 23912.59
Monthly Trendline Support 23515.16
Yearly Trendline Resistance 22532.55
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 24994.19
High Date 05/14/2018
Low 24629.39
Low Date 05/15/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23531.31
Low Date 05/03/2018
High 24994.19
High Date 05/14/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 24097.02
Support 23515.16
High 26616.71
High Date 01/26/2018
Low 23344.52
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 27817.84
Support 15912.27
Low 15370.33
Low Date 08/24/2015
High 26616.71
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 22532.55
Support 19071.45
Low 6440.08
Low Date 03/09/2009
High 26616.71
High Date 01/26/2018
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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