The Greedy Trader Weekly Analysis
Sign In May 25, 2018
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Darden Restaurants
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Summary:
Weekly :Overbought sectorBroken trend support line
Daily :Relative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversold
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It was the negative week for the Darden Restaurants (DRI). During the week, the DRI dropped -5.27 points, or -5.83%, and closed at 85.06 on Friday, May 18, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was 16% above average.

DRI is a member of Services Sector. Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See DRI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 13.21 and reached 100.11 on January 4, 2018. DRI gained -86.90 points, or -657.83%, in 475 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 69.46 and resistance is at 90.41. 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 July 28, 2016 at 59.50 and reached 100.11 on January 4, 2018. DRI gained -40.61 points, or -68.25%, in 75 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (86.65) 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. DRI 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 DRI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 9, 2018. 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 April 2, 2018 at 82.38 and reached 95.43 on April 27, 2018. DRI gained -13.05 points, or -15.84%, in 25 days. The price is now at the 79.46% retracement level.

Daily Technical Indicators: [See DRI daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since May 9, 2018. The distance between MACD and the signal line is relatively high and getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 17.66
Oversold
Williams' Percentage Range (W%R) 85.40
Oversold
Lane's Stochastic (%D-Slow) 9.92
Strong Oversold
Greed/Fear Indicator (GFI) 14.07
Oversold
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.38
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 55.89
Greed/Fear Indicator (GFI) 39.13
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Upper Bollinger Band 94.56
20 Day Moving Average 90.64
Yearly Trendline Resistance 90.41
Weekly Stochastic Crossing 89.94
50 Day Moving Average 89.66
Parabolic System 88.63
Monthly Trendline Support 86.65
Daily Stochastic Crossing 85.31
Price 85.06
Lower Bollinger Band 84.14
Yearly Trendline Support 69.46
Sector and Industry
Description Name Rank
Sector Services 9
Industry Restaurants 126
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 82.38
Low Date 04/02/2018
High 95.43
High Date 04/27/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.11
High Date 01/04/2018
Low 82.38
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 103.56
Support 86.65
Low 59.50
Low Date 07/28/2016
High 100.11
High Date 01/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.38
Low Date 11/10/2015
High 100.11
High Date 01/04/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.41
Support 69.46
Low 13.21
Low Date 11/21/2008
High 100.11
High Date 01/04/2018
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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