The Greedy Trader Weekly Analysis
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Archive
- 6/8/2018
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DIAMONDS Trust, Series 1
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtMACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gained 6.91 points, or 2.80%, and closed at 253.27 on Friday, June 08, 2018. It was the best weekly gain since March 9, 2018. Weekly volume was -6% below average.

Long-term trend: [See DIA long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 64.78 and reached 265.93 on January 26, 2018. DIA gained -201.15 points, or -310.51%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (190.21) 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 DIA medium-term trend chart]
A medium-term uptrend had started on August 24, 2015 at 150.57 and reached 265.93 on January 26, 2018. DIA gained -115.36 points, or -76.62%, in 126 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 176.83 and resistance is at 280.09. 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 medium-term trend.

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

The weekly MACD line is below its signal line since February 9, 2018. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See DIA short-term trend chart]
A short-term uptrend had started on May 29, 2018 at 242.31 and reached 253.41 on June 8, 2018. DIA gained -11.10 points, or -4.58%, in 10 days. Price is near the trend high.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.40
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 90.99
Strong Overbought
Greed/Fear Indicator (GFI) 80.11
Overbought
Moving Average Converg./Diverg. (MACD) 1.05 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.77
Williams' Percentage Range (W%R) 42.70
Lane's Stochastic (%D-Slow) 75.70
Greed/Fear Indicator (GFI) 61.76
Moving Average Converg./Diverg. (MACD) 3.22
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 280.09
Price 253.27
Daily Stochastic Crossing 252.98
Upper Bollinger Band 252.57
Weekly Stochastic Crossing 250.04
20 Day Moving Average 248.21
50 Day Moving Average 244.96
Lower Bollinger Band 243.29
Parabolic System 243.17
Yearly Trendline Resistance 223.03
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 242.31
Low Date 05/29/2018
High 253.41
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 233.20
Low Date 04/02/2018
High 253.41
High Date 06/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 265.93
High Date 01/26/2018
Low 233.20
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 280.09
Support 176.83
Low 150.57
Low Date 08/24/2015
High 265.93
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 223.03
Support 190.21
Low 64.78
Low Date 03/06/2009
High 265.93
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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