The Greedy Trader Weekly Analysis
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Darden Restaurants
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Summary:
Weekly :
Daily :Williams' Percentage Range is overboughtMACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a first positive week for the Darden Restaurants (DRI). During the week, the DRI gained 4.80 points, or 5.98%, and closed at 85.04 on Friday, December 01, 2017. It was the best weekly gain since September 15, 2017. Weekly volume was -11% below average.

Long-term trend: [See DRI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 13.21 and reached 95.22 on June 27, 2017. DRI gained -82.01 points, or -620.82%, in 448 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 66.73 and resistance is at 87.68. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See DRI medium-term trend chart]
A medium-term uptrend had started on November 10, 2015 at 53.38 and reached 95.22 on June 27, 2017. DRI gained -41.84 points, or -78.38%, in 85 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 71.12 and resistance is at 106.28. 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 DRI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since July 7, 2017. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See DRI short-term trend chart]
A short-term uptrend had started on September 8, 2017 at 76.27 and reached 85.64 on November 30, 2017. DRI gained -9.37 points, or -12.29%, in 83 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 79.57 and resistance is at 86.15. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.

Daily Technical Indicators: [See DRI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish 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 touches the upper Bollinger Band. 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. Such crossover is considered a bullish signal. 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) 60.64
Williams' Percentage Range (W%R) 14.20
Overbought
Lane's Stochastic (%D-Slow) 77.43
Greed/Fear Indicator (GFI) 74.61
Moving Average Converg./Diverg. (MACD) 0.15 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.14
Williams' Percentage Range (W%R) 39.50
Lane's Stochastic (%D-Slow) 61.87
Greed/Fear Indicator (GFI) 60.43
Moving Average Converg./Diverg. (MACD) 0.08
Trading Signals
Description Value Chart
Yearly Trendline Resistance 87.68
Weekly Trendline Resistance 86.15
Monthly Trendline Resistance 85.28
Upper Bollinger Band 85.22
Price 85.04
Daily Stochastic Crossing 85.02
Weekly Stochastic Crossing 82.74
20 Day Moving Average 82.31
50 Day Moving Average 81.47
Parabolic System 80.07
Lower Bollinger Band 79.66
Weekly Trendline Support 79.57
Monthly Trendline Support 79.57
Quarterly Trendline Support 71.12
Sector and Industry
Description Name Rank
Sector Services 4
Industry Restaurants 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.18
Low Date 11/22/2017
High 85.64
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 86.15
Support 79.57
Low 76.27
Low Date 09/08/2017
High 85.64
High Date 11/30/2017
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Resistance
Resistance 85.28
Support 79.57
High 95.22
High Date 06/27/2017
Low 76.27
Low Date 09/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 106.28
Support 71.12
Low 53.38
Low Date 11/10/2015
High 95.22
High Date 06/27/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 87.68
Support 66.73
Low 13.21
Low Date 11/21/2008
High 95.22
High Date 06/27/2017
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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