The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 3
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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.
Falling Wedge Pattern,Falling Wedge,Falling Wedge Chart Pattern,Charting technique, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading

D.R. Horton (DHI)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtTrend resistance at 63.13
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
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It was a seventh consecutive positive week for the D.R. Horton (DHI). During the week, the DHI gained 1.11 points, or 1.83%, and closed at 61.81 on Friday, February 14, 2020. Weekly volume was -46% below average.

DHI is a member of Industrial Goods Sector. Industrial Goods is the second 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 DHI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 3.79 and reached 62.12 on February 11, 2020. DHI gained -58.33 points, or -1539.05%, in 585 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (63.13). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See DHI medium-term trend chart]
A medium-term uptrend had started on December 24, 2018 at 32.39 and reached 62.12 on February 11, 2020. DHI gained -29.73 points, or -91.79%, in 59 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (55.24) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See DHI 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 January 24, 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 uptrend had started on February 5, 2020 at 57.26 and reached 62.12 on February 11, 2020. DHI gained -4.86 points, or -8.49%, in 6 days. The price is now at the 6.38% retracement level.

Daily Technical Indicators: [See DHI 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 Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and 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 January 7, 2020. 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) 60.62
Bearish
Williams' Percentage Range (W%R) 1.00
Strong Overbought
Lane's Stochastic (%D-Slow) 92.85
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 84.15
Overbought
Moving Average Converg./Diverg. (MACD) 1.60 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.80
Overbought
Williams' Percentage Range (W%R) 0.60
Strong Overbought
Lane's Stochastic (%D-Slow) 84.32
Overbought
Greed/Fear Indicator (GFI) 81.28
Overbought
Moving Average Converg./Diverg. (MACD) 2.50
Trading Signals
Description Value Chart
Yearly Trendline Resistance 63.13
Upper Bollinger Band 62.97
Price 61.81
Daily Stochastic Crossing 61.74
Weekly Stochastic Crossing 60.90
20 Day Moving Average 59.74
Parabolic System 59.23
Quarterly Trendline Resistance 58.62
50 Day Moving Average 56.21
Lower Bollinger Band 55.94
Quarterly Trendline Support 55.24
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry Residential Construction 146
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.26
Low Date 02/05/2020
High 62.12
High Date 02/11/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.26
Low Date 02/05/2020
High 62.12
High Date 02/11/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 51.71
Low Date 12/19/2019
High 62.12
High Date 02/11/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 58.62
Support 55.24
Low 32.39
Low Date 12/24/2018
High 62.12
High Date 02/11/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 63.13
Support 35.68
Low 3.79
Low Date 11/21/2008
High 62.12
High Date 02/11/2020
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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