The Greedy Trader Weekly Analysis
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Number of records: 6
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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
Akamai Technologies
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Summary:
Weekly :
Daily :Williams' Percentage Range is overboughtPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the Akamai Technologies (AKAM). During the week, the AKAM dropped -0.82 points, or -1.14%, and closed at 70.94 on Friday, November 09, 2018. Weekly volume was 22% above average.

Long-term trend: [See AKAM long-term trend chart]
A long-term uptrend had started on August 21, 2017 at 44.65 and reached 83.08 on June 21, 2018. AKAM gained -38.43 points, or -86.07%, in 43 weeks. The price is now at the 31.59% retracement level.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on June 21, 2018 at 83.08 and reached 60.96 on October 29, 2018. AKAM lost 22.12 points, or 26.62%, in 18 weeks. The price is now at the 45.12% retracement level.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since June 22, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AKAM short-term trend chart]
A short-term uptrend had started on October 29, 2018 at 60.96 and reached 73.99 on October 31, 2018. AKAM gained -13.03 points, or -21.37%, in 2 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 above its signal line since October 18, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.02
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 69.00
Greed/Fear Indicator (GFI) 71.79
Moving Average Converg./Diverg. (MACD) 0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.88
Williams' Percentage Range (W%R) 50.30
Lane's Stochastic (%D-Slow) 30.57
Greed/Fear Indicator (GFI) 43.29
Moving Average Converg./Diverg. (MACD) 0.03
Trading Signals
Description Value Chart
Upper Bollinger Band 76.65
Daily Stochastic Crossing 72.28
Price 70.94
50 Day Moving Average 69.85
20 Day Moving Average 67.21
Weekly Stochastic Crossing 66.55
Parabolic System 65.49
Lower Bollinger Band 60.84
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Internet Software & Svcs 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 68.10
Low Date 11/05/2018
High 72.55
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.96
Low Date 10/29/2018
High 73.99
High Date 10/31/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.08
High Date 06/21/2018
Low 60.96
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.65
Low Date 08/21/2017
High 83.08
High Date 06/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.25
Low Date 11/20/2008
High 83.08
High Date 06/21/2018
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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