The Greedy Trader Weekly Analysis
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Darden Restaurants
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :
Move cursor over the icon to see details.

It was a second consecutive positive week for the Darden Restaurants (DRI). During the week, the DRI climbed 0.59 points, or 0.54%, and closed at 109.47 on Friday, August 10, 2018. Weekly volume was -48% below 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 112.81 on July 19, 2018. DRI gained -99.60 points, or -753.97%, in 503 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (70.83) 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 July 28, 2016 at 59.50 and reached 112.81 on July 19, 2018. DRI gained -53.31 points, or -89.60%, in 103 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (88.09) 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 medium-term trend.

Weekly Technical Indicators: [See DRI 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 June 15, 2018. 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 uptrend had started on April 2, 2018 at 82.38 and reached 112.81 on July 19, 2018. DRI gained -30.43 points, or -36.94%, in 108 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 87.61 and resistance is at 117.69. 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 short-term trend.

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

The daily MACD line is below its signal line since July 12, 2018. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.44
Williams' Percentage Range (W%R) 53.80
Lane's Stochastic (%D-Slow) 75.43
Greed/Fear Indicator (GFI) 55.03
Moving Average Converg./Diverg. (MACD) 1.38
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.92
Williams' Percentage Range (W%R) 14.30
Overbought
Lane's Stochastic (%D-Slow) 88.44
Overbought
Greed/Fear Indicator (GFI) 80.21
Overbought
Moving Average Converg./Diverg. (MACD) 3.65
Trading Signals
Description Value Chart
Weekly Trendline Resistance 117.69
Upper Bollinger Band 112.20
Weekly Stochastic Crossing 109.87
Daily Stochastic Crossing 109.86
Price 109.47
20 Day Moving Average 109.17
Parabolic System 107.53
Monthly Trendline Resistance 105.70
Lower Bollinger Band 104.91
50 Day Moving Average 104.30
Yearly Trendline Resistance 91.78
Monthly Trendline Support 88.09
Weekly Trendline Support 87.61
Sector and Industry
Description Name Rank
Sector Services 8
Industry Restaurants 85
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.37
Low Date 05/21/2018
High 112.81
High Date 07/19/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 117.69
Support 87.61
Low 82.38
Low Date 04/02/2018
High 112.81
High Date 07/19/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 105.70
Support 88.09
Low 59.50
Low Date 07/28/2016
High 112.81
High Date 07/19/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 53.38
Low Date 11/10/2015
High 112.81
High Date 07/19/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 91.78
Support 70.83
Low 13.21
Low Date 11/21/2008
High 112.81
High Date 07/19/2018
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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