The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 15
Symbol:  

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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 :Weekly  MACD line has moved above its signal lineTrend resistance at 44.87
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought area
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 1.14 points, or 2.60%, and closed at 44.92 on Friday, August 10, 2018. Weekly volume was -20% 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 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 29.58 and resistance is at 48.99. 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 price is near the trend resistance line (44.87). 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 medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 August 6, 2018 at 42.82 and reached 45.45 on August 9, 2018. DHI gained -2.63 points, or -6.14%, in 3 days. The price is now at the 20.15% retracement level.

Daily Technical Indicators: [See DHI 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 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since July 25, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.31
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 78.00
Greed/Fear Indicator (GFI) 78.03
Moving Average Converg./Diverg. (MACD) 0.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.75
Williams' Percentage Range (W%R) 27.50
Lane's Stochastic (%D-Slow) 63.47
Greed/Fear Indicator (GFI) 64.23
Moving Average Converg./Diverg. (MACD) -0.50
Trading Signals
Description Value Chart
Yearly Trendline Resistance 48.99
Upper Bollinger Band 46.05
Price 44.92
Quarterly Trendline Resistance 44.87
Daily Stochastic Crossing 44.84
Weekly Stochastic Crossing 43.39
20 Day Moving Average 43.24
50 Day Moving Average 42.40
Parabolic System 41.84
Lower Bollinger Band 40.69
Monthly Trendline Support 38.25
Monthly Trendline Resistance 37.93
Sector and Industry
Description Name Rank
Sector Industrial Goods 3
Industry Residential Construction 59
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.82
Low Date 08/06/2018
High 45.45
High Date 08/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.58
Low Date 07/25/2018
High 45.45
High Date 08/09/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 37.93
Support 38.25
High 53.32
High Date 01/04/2018
Low 38.58
Low Date 07/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 44.87
Support 28.43
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 48.99
Support 29.58
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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