The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.
A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
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D.R. Horton (DHI)

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Summary:
Weekly :Broken trend support lineStochastic signal line moved below overbought area
Daily :
Move cursor over the icon to see details.

It was a first positive week for the D.R. Horton (DHI). During the week, the DHI gained 1.04 points, or 1.96%, and closed at 54.07 on Thursday, July 2, 2020. Weekly volume was -61% below average.

Long-term trend: [See DHI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 3.79 and reached 62.54 on February 18, 2020. DHI gained -58.75 points, or -1550.13%, in 586 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.76 and resistance is at 65.02. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See DHI medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 25.51 and reached 59.84 on May 28, 2020. DHI gained -34.33 points, or -134.57%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (55.46) 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 DHI weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since May 15, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See DHI short-term trend chart]
A short-term downtrend had started on May 28, 2020 at 59.84 and reached 50.93 on June 11, 2020. DHI lost 8.91 points, or 14.89%, in 14 days. The price is now at the 35.24% retracement level.

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

The daily MACD line is below its signal line since June 3, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.23
Williams' Percentage Range (W%R) 50.80
Lane's Stochastic (%D-Slow) 31.00
Greed/Fear Indicator (GFI) 43.48
Moving Average Converg./Diverg. (MACD) 1.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.20
Williams' Percentage Range (W%R) 20.30
Lane's Stochastic (%D-Slow) 79.62
Greed/Fear Indicator (GFI) 73.16
Moving Average Converg./Diverg. (MACD) -0.15
Trading Signals
Description Value Chart
Weekly Trendline Resistance 64.81
Upper Bollinger Band 58.04
Parabolic System 57.20
Weekly Stochastic Crossing 56.42
Weekly Trendline Support 55.46
20 Day Moving Average 55.32
Daily Stochastic Crossing 54.08
Price 54.07
50 Day Moving Average 52.00
Lower Bollinger Band 51.15
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Homebuilding 96
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 59.84
High Date 05/28/2020
Low 50.93
Low Date 06/11/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 64.81
Support 55.46
Low 25.51
Low Date 03/18/2020
High 59.84
High Date 05/28/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.54
High Date 02/18/2020
Low 25.51
Low Date 03/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.39
Low Date 12/24/2018
High 62.54
High Date 02/18/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 65.02
Support 36.76
Low 3.79
Low Date 11/21/2008
High 62.54
High Date 02/18/2020
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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