The Greedy Trader Weekly Analysis
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Weekly RSI:> 80
Number of records: 10
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Relative Strength Index (RSI Indicator)
The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.
Relative strength index- rsi indicator and overbought oversold index.
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RSI divergence - Bullish Bearish.
rsi divergence,Bullish,Bearish,bullish stocks,Bullish Divergence,Bearish Divergence,stock market

CurrencyShares Swiss Franc Trust (FXF)

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Summary:
Weekly :Trend support at 99.66
Daily :Stochastic has declined below the signal lineBroken trend resistance lineThe price has risen above the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the CurrencyShares Swiss Franc Trust (FXF). During the week, the FXF gave back -0.60 points, or -0.60%, and closed at 99.83 on Friday, October 16, 2020. Weekly volume was -47% below average.

Long-term trend: [See FXF long-term trend chart]
A long-term uptrend had started on April 23, 2019 at 90.83 and reached 101.63 on August 31, 2020. FXF gained -10.80 points, or -11.89%, in 70 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 94.28 and resistance is at 103.82. 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 FXF medium-term trend chart]
A medium-term uptrend had started on March 20, 2020 at 92.89 and reached 101.63 on August 31, 2020. FXF gained -8.74 points, or -9.41%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (99.66) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

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

The weekly MACD line is below its signal line since September 25, 2020. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See FXF short-term trend chart]
A short-term downtrend had started on August 31, 2020 at 101.63 and reached 98.32 on September 25, 2020. FXF lost 3.31 points, or 3.26%, in 25 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (96.95) 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 short-term trend.

Daily Technical Indicators: [See FXF daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 5, 2020. The distance between MACD and the signal line is low and getting smaller.

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.

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.

Price is close to the 50 Day Moving Average. 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) 62.04
Williams' Percentage Range (W%R) 21.30
Lane's Stochastic (%D-Slow) 60.23
Greed/Fear Indicator (GFI) 67.00
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.80
Williams' Percentage Range (W%R) 22.70
Lane's Stochastic (%D-Slow) 45.85
Greed/Fear Indicator (GFI) 58.47
Moving Average Converg./Diverg. (MACD) 1.30
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 103.82
Monthly Trendline Resistance 103.17
Upper Bollinger Band 100.92
50 Day Moving Average 100.14
Daily Stochastic Crossing 99.97
Price 99.83
Parabolic System 99.68
Monthly Trendline Support 99.66
Weekly Stochastic Crossing 99.58
20 Day Moving Average 99.55
Lower Bollinger Band 98.77
Weekly Trendline Resistance 98.65
Weekly Trendline Support 96.95
Quarterly Trendline Support 94.28
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 98.32
Low Date 09/25/2020
High 100.53
High Date 10/12/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 98.65
Support 96.95
High 101.63
High Date 08/31/2020
Low 98.32
Low Date 09/25/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 103.17
Support 99.66
Low 92.89
Low Date 03/20/2020
High 101.63
High Date 08/31/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 103.82
Support 94.28
Low 90.83
Low Date 04/23/2019
High 101.63
High Date 08/31/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 139.91
High Date 08/09/2011
Low 90.83
Low Date 04/23/2019
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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