The Greedy Trader Weekly Analysis
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DIAMONDS Trust, Series 1
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineTrend support at 252.81
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the DIAMONDS Trust, Series 1 (DIA). During the week, the DIA gave back -1.09 points, or -0.43%, and closed at 253.30 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -39% 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 (192.55) 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 Rising Channel chart pattern. The price is near the trend support (252.81) 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 DIA 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. 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 July 27, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 June 28, 2018 at 239.83 and reached 256.76 on August 7, 2018. DIA gained -16.93 points, or -7.06%, in 40 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (255.75) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See DIA daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.92
Williams' Percentage Range (W%R) 43.10
Lane's Stochastic (%D-Slow) 72.63
Greed/Fear Indicator (GFI) 63.14
Moving Average Converg./Diverg. (MACD) 1.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.75
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 81.61
Overbought
Greed/Fear Indicator (GFI) 74.01
Moving Average Converg./Diverg. (MACD) 2.44
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 278.55
Weekly Trendline Resistance 260.36
Monthly Trendline Resistance 258.70
Upper Bollinger Band 256.35
Weekly Trendline Support 255.75
Daily Stochastic Crossing 255.05
Weekly Stochastic Crossing 254.42
Price 253.30
20 Day Moving Average 253.19
Quarterly Trendline Support 252.81
Parabolic System 251.13
50 Day Moving Average 249.71
Lower Bollinger Band 249.21
Monthly Trendline Support 244.84
Yearly Trendline Resistance 225.36
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 256.76
High Date 08/07/2018
Low 252.40
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 260.36
Support 255.75
Low 239.83
Low Date 06/28/2018
High 256.76
High Date 08/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 258.70
Support 244.84
Low 233.20
Low Date 04/02/2018
High 256.76
High Date 08/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 278.55
Support 252.81
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 225.36
Support 192.55
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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