The Greedy Trader Weekly Analysis
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Parabolic SAR Crossover - Stock market timing signals.

The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.

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- 3/15/2024 -
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Equifax Inc. (EFX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Williams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Equifax Inc. (EFX). During the week, the EFX dropped -17.06 points, or -6.32%, and closed at 252.94 on Friday, March 15, 2024. Weekly volume was -14% below average.

EFX is a member of Industrials Sector. Industrials is the 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 EFX long-term trend chart]
A long-term downtrend had started on December 13, 2021 at 300.11 and reached 145.98 on October 21, 2022. EFX lost 154.13 points, or 51.36%, in 44 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (165.08) is broken. A broken support is considered to be a long-term bullish signal. 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 EFX medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 159.95 and reached 275.10 on February 29, 2024. EFX gained -115.15 points, or -71.99%, in 17 weeks. The price is now at the 19.24% retracement level.

Weekly Technical Indicators: [See EFX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EFX short-term trend chart]
A short-term downtrend had started on February 29, 2024 at 275.10 and reached 251.25 on March 15, 2024. EFX lost 23.85 points, or 8.67%, in 15 days. The price is now at the 7.09% retracement level.

Daily Technical Indicators: [See EFX daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

The daily MACD line is below its signal line since March 5, 2024. This is an indication that the short-term trend is down.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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 price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 40.01
Williams' Percentage Range (W%R) 94.50
Strong Oversold
Lane's Stochastic (%D-Slow) 24.12
Greed/Fear Indicator (GFI) 23.22
Moving Average Converg./Diverg. (MACD) 4.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.61
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 83.35
Overbought
Greed/Fear Indicator (GFI) 71.54
Moving Average Converg./Diverg. (MACD) 13.04
Trading Signals
Description Value Chart
Upper Bollinger Band 272.57
Parabolic System 269.94
Weekly Stochastic Crossing 268.52
20 Day Moving Average 264.38
Daily Stochastic Crossing 256.49
50 Day Moving Average 253.79
Price 252.94
Lower Bollinger Band 250.36
Yearly Trendline Resistance 215.55
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Research & Consulting Services 43
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 272.97
High Date 03/08/2024
Low 251.25
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 275.10
High Date 02/29/2024
Low 251.25
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 159.95
Low Date 10/30/2023
High 275.10
High Date 02/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 145.98
Low Date 10/21/2022
High 275.10
High Date 02/29/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 215.55
Support 165.08
High 300.11
High Date 12/13/2021
Low 145.98
Low Date 10/21/2022
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.