The Greedy Trader Weekly Analysis
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Darden Restaurants
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Summary:
Weekly :Overbought sectorBroken trend resistance lineLane's Stochastic is oversoldStochastic has raised above the signal line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second positive week after 7 consecutive negative weeks for the Darden Restaurants (DRI). During the week, the DRI gained 7.14 points, or 6.78%, and closed at 112.44 on Friday, November 09, 2018. It was the best weekly gain since June 22, 2018. Weekly volume was 47% above average.

DRI is a member of Services Sector. Services is the second 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 124.00 on September 20, 2018. DRI gained -110.79 points, or -838.68%, in 512 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (72.34) 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 April 2, 2018 at 82.38 and reached 124.00 on September 20, 2018. DRI gained -41.62 points, or -50.52%, in 24 weeks. The price is now at the 27.78% retracement level.

Weekly Technical Indicators: [See DRI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 weekly MACD line is below its signal line since September 28, 2018. 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 September 20, 2018 at 124.00 and reached 103.14 on October 11, 2018. DRI lost 20.86 points, or 16.82%, in 21 days. The price is now at the 44.58% retracement level.

Daily Technical Indicators: [See DRI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since October 29, 2018.

During the last week, the price has moved above 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.

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) 61.37
Williams' Percentage Range (W%R) 19.00
Overbought
Lane's Stochastic (%D-Slow) 80.48
Overbought
Greed/Fear Indicator (GFI) 74.28
Moving Average Converg./Diverg. (MACD) -0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.23
Williams' Percentage Range (W%R) 50.10
Lane's Stochastic (%D-Slow) 19.20
Oversold
Greed/Fear Indicator (GFI) 39.58
Moving Average Converg./Diverg. (MACD) 4.48
Trading Signals
Description Value Chart
Upper Bollinger Band 113.82
Daily Stochastic Crossing 113.11
Price 112.44
50 Day Moving Average 111.20
Weekly Stochastic Crossing 107.71
20 Day Moving Average 107.71
Parabolic System 106.54
Lower Bollinger Band 103.39
Yearly Trendline Resistance 93.29
Sector and Industry
Description Name Rank
Sector Services 8
Industry Restaurants 132
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 124.00
High Date 09/20/2018
Low 103.14
Low Date 10/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.38
Low Date 04/02/2018
High 124.00
High Date 09/20/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.50
Low Date 07/28/2016
High 124.00
High Date 09/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.38
Low Date 11/10/2015
High 124.00
High Date 09/20/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 93.29
Support 72.34
Low 13.21
Low Date 11/21/2008
High 124.00
High Date 09/20/2018
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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