The Greedy Trader Weekly Analysis
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Number of records: 15

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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
- 2/9/2018
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Akamai Technologies
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Weekly :Stochastic signal line moved below overbought areaBroken trend resistance line
Daily :Bullish Harami Candlestick
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It was the negative week for the Akamai Technologies (AKAM). During the week, the AKAM dropped -1.59 points, or -2.42%, and closed at 64.13 on Friday, February 09, 2018. Weekly volume was 86% above average.

Long-term trend: [See AKAM long-term trend chart]
A long-term downtrend had started on May 14, 2015 at 78.44 and reached 39.43 on February 9, 2016. AKAM lost 39.01 points, or 49.73%, in 38 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 46.26 and resistance is at 67.23. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on January 11, 2017 at 71.64 and reached 44.65 on August 21, 2017. AKAM lost 26.99 points, or 37.67%, in 31 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (40.14) is broken. A broken support is considered to be a long-term bullish signal. 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 AKAM weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since September 8, 2017. Use the following link to access a MACD help.

Short-term trend: [See AKAM short-term trend chart]
A short-term downtrend had started on February 7, 2018 at 68.65 and reached 61.00 on February 9, 2018. AKAM lost 7.65 points, or 11.14%, in 2 days. The price is now at the 40.92% retracement level.

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

The daily MACD line is below its signal line since January 4, 2018. This is an indication that the short-term trend is down.

Candlestick pattern: [See AKAM 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) 44.60
Williams' Percentage Range (W%R) 73.20
Lane's Stochastic (%D-Slow) 26.64
Greed/Fear Indicator (GFI) 32.68
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.45
Williams' Percentage Range (W%R) 28.80
Lane's Stochastic (%D-Slow) 75.28
Greed/Fear Indicator (GFI) 69.77
Moving Average Converg./Diverg. (MACD) 2.63
Trading Signals
Description Value Chart
Parabolic System 68.72
Upper Bollinger Band 67.82
Yearly Trendline Resistance 67.23
Weekly Stochastic Crossing 66.09
20 Day Moving Average 65.50
Price 64.13
Daily Stochastic Crossing 63.51
50 Day Moving Average 63.25
Lower Bollinger Band 62.07
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Internet Software & Svcs 119
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 68.65
High Date 02/07/2018
Low 61.00
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 69.56
High Date 01/09/2018
Low 61.00
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.65
Low Date 08/21/2017
High 69.56
High Date 01/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 34.72
Support 40.14
High 71.64
High Date 01/11/2017
Low 44.65
Low Date 08/21/2017
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 67.23
Support 46.26
High 78.44
High Date 05/14/2015
Low 39.43
Low Date 02/09/2016
Warning: 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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