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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.

Downtrend exhaustion stock alert presents a stock market trading strategy based on combination of timing signals, technical indicators, trend analysis and pattern recognition. Stock market alert is a warning signal. It indicates that long term downtrend is exhausted and probability of long term trend reversal is high. Downtrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for undervalued stocks. The strategy is based on taking long position on anticipation of downtrend reversal. Downtrend exhaustion timing strategy and stock trading system presents alerts for S&P 500 index members, ETFs and market indices. As S&P 500 trading system it shows excellent results for index timing also.

Downtrend Exhaustion

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- 3/15/2024 -
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McDonald's Corp. (MCD) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineTrend resistance at 285.35Broken trend support line
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversold
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It was the negative week for the McDonald's Corp. (MCD). During the week, the MCD dropped -13.41 points, or -4.58%, and closed at 279.14 on Friday, March 15, 2024. It was the worst weekly loss since October 6, 2023. Weekly volume was 39% above average.

Long-term trend: [See MCD long-term trend chart]
A long-term uptrend had started on March 12, 2003 at 12.12 and reached 302.39 on January 22, 2024. MCD gained -290.27 points, or -2394.97%, in 1088 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (285.35). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See MCD medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 245.74 and reached 302.39 on January 22, 2024. MCD gained -56.65 points, or -23.05%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (293.19) 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. MCD 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 MCD weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See MCD short-term trend chart]
A short-term downtrend had started on February 23, 2024 at 298.74 and reached 277.83 on March 14, 2024. MCD lost 20.91 points, or 7.00%, in 20 days. The price is now at the 6.26% retracement level.

Daily Technical Indicators: [See MCD daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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.

The daily MACD line is below its signal line since March 12, 2024. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.47
Williams' Percentage Range (W%R) 80.60
Oversold
Lane's Stochastic (%D-Slow) 37.42
Greed/Fear Indicator (GFI) 26.44
Moving Average Converg./Diverg. (MACD) -0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.07
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 47.66
Greed/Fear Indicator (GFI) 50.18
Moving Average Converg./Diverg. (MACD) 3.75
Trading Signals
Description Value Chart
Upper Bollinger Band 299.62
Monthly Trendline Resistance 296.36
Parabolic System 295.18
Monthly Trendline Support 293.19
50 Day Moving Average 292.31
20 Day Moving Average 291.71
Weekly Stochastic Crossing 290.20
Yearly Trendline Resistance 285.35
Daily Stochastic Crossing 282.64
Lower Bollinger Band 280.38
Price 279.14
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Restaurants 54
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 298.74
High Date 02/23/2024
Low 277.83
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 302.39
High Date 01/22/2024
Low 277.83
Low Date 03/14/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 296.36
Support 293.19
Low 245.74
Low Date 10/06/2023
High 302.39
High Date 01/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.23
Low Date 03/18/2020
High 302.39
High Date 01/22/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 285.35
Support 147.02
Low 12.12
Low Date 03/12/2003
High 302.39
High Date 01/22/2024
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.