The Greedy Trader Weekly Analysis
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Analog Devices
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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Analog Devices (ADI). During the week, the ADI dropped -3.75 points, or -4.21%, and closed at 85.40 on Friday, December 01, 2017. It was the worst weekly loss since September 8, 2017. Weekly volume was 39% above average.

Long-term trend: [See ADI long-term trend chart]
A long-term uptrend had started on December 5, 2008 at 15.29 and reached 93.99 on November 20, 2017. ADI gained -78.70 points, or -514.72%, in 467 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (55.15) 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 ADI medium-term trend chart]
A medium-term uptrend had started on January 15, 2016 at 47.24 and reached 93.99 on November 20, 2017. ADI gained -46.75 points, or -98.96%, in 96 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (92.41) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADI may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

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

The weekly MACD line is above its signal line since September 15, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ADI short-term trend chart]
A short-term downtrend had started on November 20, 2017 at 93.99 and reached 83.59 on December 1, 2017. ADI lost 10.40 points, or 11.07%, in 11 days. The price is now at the 17.40% retracement level.

Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since November 1, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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) 36.68
Williams' Percentage Range (W%R) 81.50
Oversold
Lane's Stochastic (%D-Slow) 13.29
Oversold
Greed/Fear Indicator (GFI) 22.81
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.07
Williams' Percentage Range (W%R) 48.20
Lane's Stochastic (%D-Slow) 70.07
Greed/Fear Indicator (GFI) 59.03
Moving Average Converg./Diverg. (MACD) 2.85
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 97.85
Monthly Trendline Resistance 95.08
Upper Bollinger Band 92.99
Quarterly Trendline Support 92.41
Weekly Stochastic Crossing 90.26
20 Day Moving Average 89.53
50 Day Moving Average 88.72
Parabolic System 88.20
Price 85.40
Daily Stochastic Crossing 85.11
Lower Bollinger Band 84.26
Yearly Trendline Resistance 80.67
Monthly Trendline Support 77.36
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Semiconductor-Broad Line 119
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 93.99
High Date 11/20/2017
Low 83.59
Low Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 93.99
High Date 11/20/2017
Low 83.59
Low Date 12/01/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 95.08
Support 77.36
Low 76.07
Low Date 07/03/2017
High 93.99
High Date 11/20/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 97.85
Support 92.41
Low 47.24
Low Date 01/15/2016
High 93.99
High Date 11/20/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 80.67
Support 55.15
Low 15.29
Low Date 12/05/2008
High 93.99
High Date 11/20/2017
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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