The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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DIAMONDS Trust, Series 1
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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic has declined below the signal linePrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gave back -1.54 points, or -0.62%, and closed at 247.00 on Friday, May 18, 2018. Weekly volume was -18% 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 265.93 on January 26, 2018. DIA gained -201.15 points, or -310.51%, in 464 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (189.47) 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 uptrend had started on August 24, 2015 at 150.57 and reached 265.93 on January 26, 2018. DIA gained -115.36 points, or -76.62%, in 126 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 176.31 and resistance is at 277.93. 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 medium-term trend.

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

The weekly MACD line is below its signal line since February 9, 2018. 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 May 3, 2018 at 235.12 and reached 250.20 on May 14, 2018. DIA gained -15.08 points, or -6.41%, in 11 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DIA 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 May 4, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.85
Williams' Percentage Range (W%R) 21.40
Lane's Stochastic (%D-Slow) 77.83
Greed/Fear Indicator (GFI) 74.42
Moving Average Converg./Diverg. (MACD) 0.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.62
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 51.49
Greed/Fear Indicator (GFI) 47.53
Moving Average Converg./Diverg. (MACD) 3.93
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 277.93
Upper Bollinger Band 251.73
Daily Stochastic Crossing 248.37
Price 247.00
50 Day Moving Average 244.12
20 Day Moving Average 244.09
Parabolic System 243.38
Weekly Stochastic Crossing 241.87
Monthly Trendline Resistance 240.92
Lower Bollinger Band 238.84
Monthly Trendline Support 234.81
Yearly Trendline Resistance 222.29
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 250.20
High Date 05/14/2018
Low 246.42
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 235.12
Low Date 05/03/2018
High 250.20
High Date 05/14/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 240.92
Support 234.81
High 265.93
High Date 01/26/2018
Low 233.20
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 277.93
Support 176.31
Low 150.57
Low Date 08/24/2015
High 265.93
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 222.29
Support 189.47
Low 64.78
Low Date 03/06/2009
High 265.93
High Date 01/26/2018
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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