The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 15
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
D.R. Horton
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Broken trend support line20 Day Moving Average has crossed below the 50 Day Moving AverageRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the D.R. Horton (DHI). During the week, the DHI dropped -2.29 points, or -4.94%, and closed at 44.08 on Friday, February 09, 2018. Weekly volume was 106% above 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 53.32 on January 4, 2018. DHI gained -49.53 points, or -1306.86%, in 475 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 28.20 and resistance is at 46.96. 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 September 5, 2013 at 17.52 and reached 53.32 on January 4, 2018. DHI gained -35.80 points, or -204.34%, in 226 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (27.29) 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 medium-term trend.

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

The weekly MACD line is below its signal line since January 26, 2018. 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 January 4, 2018 at 53.32 and reached 43.41 on February 6, 2018. DHI lost 9.91 points, or 18.59%, in 33 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (49.92) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See DHI daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since January 9, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (25.05%) is close to one year high (17.13%). It is 211.99% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 17.79
Oversold
Williams' Percentage Range (W%R) 82.70
Oversold
Lane's Stochastic (%D-Slow) 19.12
Oversold
Greed/Fear Indicator (GFI) 18.06
Oversold
Moving Average Converg./Diverg. (MACD) -0.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.29
Williams' Percentage Range (W%R) 49.50
Lane's Stochastic (%D-Slow) 52.07
Greed/Fear Indicator (GFI) 49.47
Moving Average Converg./Diverg. (MACD) 3.85
Trading Signals
Description Value Chart
Upper Bollinger Band 53.70
Weekly Trendline Resistance 52.06
50 Day Moving Average 50.24
Weekly Trendline Support 49.92
20 Day Moving Average 49.03
Weekly Stochastic Crossing 47.67
Parabolic System 47.02
Yearly Trendline Resistance 46.96
Daily Stochastic Crossing 45.20
Price 44.08
Lower Bollinger Band 42.67
Quarterly Trendline Resistance 42.52
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry Residential Construction 69
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.74
High Date 01/24/2018
Low 43.41
Low Date 02/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 52.06
Support 49.92
High 53.32
High Date 01/04/2018
Low 43.41
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 26.69
Low Date 11/09/2016
High 53.32
High Date 01/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 42.52
Support 27.29
Low 17.52
Low Date 09/05/2013
High 53.32
High Date 01/04/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 46.96
Support 28.20
Low 3.79
Low Date 11/21/2008
High 53.32
High Date 01/04/2018
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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