The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 6
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Darden Restaurants
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergence20 Day Moving Average has crossed below the 50 Day Moving AverageThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the Darden Restaurants (DRI). During the week, the DRI gained 4.02 points, or 3.75%, and closed at 111.08 on Friday, July 06, 2018. Weekly volume was 29% above average.

DRI is a member of Services Sector. Services 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 DRI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 13.21 and reached 111.43 on July 6, 2018. DRI gained -98.22 points, or -743.53%, in 502 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (70.24) 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 long-term trend.

Medium-term trend: [See DRI medium-term trend chart]
A medium-term uptrend had started on July 28, 2016 at 59.50 and reached 111.43 on July 6, 2018. DRI gained -51.93 points, or -87.28%, in 101 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (86.72) 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 DRI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See DRI short-term trend chart]
A short-term uptrend had started on May 21, 2018 at 84.37 and reached 111.43 on July 6, 2018. DRI gained -27.06 points, or -32.07%, in 46 days. Price is near the trend high.

Daily Technical Indicators: [See DRI 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 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.

The daily MACD line is above its signal line since May 29, 2018. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is 173.86% higher then one year average. It indicates the period of high volatility of the stock price. 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) 78.02
Williams' Percentage Range (W%R) 2.70
Strong Overbought
Lane's Stochastic (%D-Slow) 90.26
Strong Overbought
Greed/Fear Indicator (GFI) 88.52
Overbought
Moving Average Converg./Diverg. (MACD) 4.50 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.79
Williams' Percentage Range (W%R) 2.00
Strong Overbought
Lane's Stochastic (%D-Slow) 80.15
Overbought
Greed/Fear Indicator (GFI) 82.12
Overbought
Moving Average Converg./Diverg. (MACD) 1.15
Trading Signals
Description Value Chart
Upper Bollinger Band 117.99
Price 111.08
Daily Stochastic Crossing 110.94
Parabolic System 108.82
Weekly Stochastic Crossing 107.86
Monthly Trendline Resistance 104.78
20 Day Moving Average 101.45
50 Day Moving Average 94.30
Yearly Trendline Resistance 91.19
Lower Bollinger Band 87.19
Sector and Industry
Description Name Rank
Sector Services 8
Industry Restaurants 94
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.37
Low Date 05/21/2018
High 111.43
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.38
Low Date 04/02/2018
High 111.43
High Date 07/06/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 104.78
Support 86.72
Low 59.50
Low Date 07/28/2016
High 111.43
High Date 07/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.38
Low Date 11/10/2015
High 111.43
High Date 07/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 91.19
Support 70.24
Low 13.21
Low Date 11/21/2008
High 111.43
High Date 07/06/2018
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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