The Greedy Trader Weekly Analysis
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Darden Restaurants
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageBullish Harami CandlestickPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the Darden Restaurants (DRI). During the week, the DRI dropped -3.35 points, or -3.49%, and closed at 92.69 on Friday, February 09, 2018. It was the worst weekly loss since September 29, 2017. Weekly volume was 12% 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 uptrend resistance line (67.85) 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 DRI medium-term trend chart]
A medium-term uptrend had started on November 10, 2015 at 53.38 and reached 100.11 on January 4, 2018. DRI gained -46.73 points, or -87.54%, in 112 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.93 and resistance is at 111.00. 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 Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 1, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See DRI short-term trend chart]
A short-term downtrend had started on January 4, 2018 at 100.11 and reached 90.23 on February 9, 2018. DRI lost 9.88 points, or 9.87%, in 36 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since January 8, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Candlestick pattern: [See DRI candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.25
Williams' Percentage Range (W%R) 78.20
Lane's Stochastic (%D-Slow) 24.79
Greed/Fear Indicator (GFI) 26.28
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.48
Williams' Percentage Range (W%R) 34.90
Lane's Stochastic (%D-Slow) 81.85
Overbought
Greed/Fear Indicator (GFI) 68.46
Moving Average Converg./Diverg. (MACD) 2.74
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 111.00
Upper Bollinger Band 99.44
Parabolic System 97.82
Weekly Stochastic Crossing 97.43
20 Day Moving Average 96.50
50 Day Moving Average 93.92
Daily Stochastic Crossing 92.74
Price 92.69
Lower Bollinger Band 91.52
Yearly Trendline Resistance 88.80
Quarterly Trendline Support 80.93
Sector and Industry
Description Name Rank
Sector Services 9
Industry Restaurants 81
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 100.11
High Date 01/04/2018
Low 90.23
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.27
Low Date 09/08/2017
High 100.11
High Date 01/04/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Broadening Ascending Wedge
Status Valid
Resistance 111.00
Support 80.93
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 Broken Resistance
Resistance 88.80
Support 67.85
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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