The Greedy Trader Weekly Analysis
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DIAMONDS Trust, Series 1
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gained 7.76 points, or 3.07%, and closed at 260.22 on Friday, November 09, 2018. Weekly volume was -26% 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 269.28 on October 3, 2018. DIA gained -204.50 points, or -315.68%, in 499 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (195.94) 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 downtrend had started on October 3, 2018 at 269.28 and reached 241.05 on October 29, 2018. DIA lost 28.23 points, or 10.48%, in 3 weeks. The price is now at the 67.91% retracement level.

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

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. 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 October 29, 2018 at 241.05 and reached 262.97 on November 8, 2018. DIA gained -21.92 points, or -9.09%, in 10 days. The price is now at the 12.55% retracement level.

Daily Technical Indicators: [See DIA 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. 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 daily MACD line is above its signal line since November 1, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above 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 advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 59.23
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 94.48
Strong Overbought
Greed/Fear Indicator (GFI) 81.82
Overbought
Moving Average Converg./Diverg. (MACD) -1.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.63
Williams' Percentage Range (W%R) 27.60
Lane's Stochastic (%D-Slow) 36.34
Greed/Fear Indicator (GFI) 53.62
Moving Average Converg./Diverg. (MACD) 3.57
Trading Signals
Description Value Chart
Upper Bollinger Band 265.31
Daily Stochastic Crossing 262.34
Price 260.22
50 Day Moving Average 258.72
20 Day Moving Average 253.36
Parabolic System 252.00
Weekly Stochastic Crossing 250.89
Lower Bollinger Band 245.96
Yearly Trendline Resistance 228.75
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 241.05
Low Date 10/29/2018
High 262.97
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 269.28
High Date 10/03/2018
Low 241.05
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 233.20
Low Date 04/02/2018
High 269.28
High Date 10/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 150.57
Low Date 08/24/2015
High 269.28
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 228.75
Support 195.94
Low 64.78
Low Date 03/06/2009
High 269.28
High Date 10/03/2018
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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