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
Affiliated Managers Group Inc
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Summary:
Weekly :Lane's Stochastic is oversold
Daily :Lane's Stochastic is overboughtBroken trend resistance lineThe 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 consecutive positive week for the Affiliated Managers Group Inc (AMG). During the week, the AMG gained 2.95 points, or 1.79%, and closed at 167.71 on Friday, May 18, 2018. Weekly volume was -15% below average.

Long-term trend: [See AMG long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 115.97 and reached 216.99 on January 26, 2018. AMG gained -101.02 points, or -87.11%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 162.05 and resistance is at 221.55. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See AMG medium-term trend chart]
A medium-term downtrend had started on January 26, 2018 at 216.99 and reached 156.19 on May 3, 2018. AMG lost 60.80 points, or 28.02%, in 13 weeks. The price is now at the 18.95% retracement level.

Weekly Technical Indicators: [See AMG 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. 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 February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See AMG short-term trend chart]
A short-term downtrend had started on March 12, 2018 at 197.03 and reached 156.19 on May 3, 2018. AMG lost 40.84 points, or 20.73%, in 52 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (142.71) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AMG may retest the broken resistance line. It is considered to be a support 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 resistance line in a short-term trend.

Daily Technical Indicators: [See AMG daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since May 8, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.19
Williams' Percentage Range (W%R) 26.70
Lane's Stochastic (%D-Slow) 88.72
Overbought
Greed/Fear Indicator (GFI) 73.74
Moving Average Converg./Diverg. (MACD) -3.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.75
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 15.16
Oversold
Greed/Fear Indicator (GFI) 26.50
Moving Average Converg./Diverg. (MACD) -1.87
Trading Signals
Description Value Chart
50 Day Moving Average 175.86
Upper Bollinger Band 173.87
Daily Stochastic Crossing 168.74
Price 167.71
20 Day Moving Average 165.81
Parabolic System 164.97
Quarterly Trendline Support 162.05
Weekly Stochastic Crossing 161.62
Lower Bollinger Band 161.21
Weekly Trendline Resistance 157.87
Weekly Trendline Support 142.71
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Asset Management 24
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 156.19
Low Date 05/03/2018
High 169.64
High Date 05/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 157.87
Support 142.71
High 197.03
High Date 03/12/2018
Low 156.19
Low Date 05/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 216.99
High Date 01/26/2018
Low 156.19
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 221.55
Support 162.05
Low 115.97
Low Date 02/11/2016
High 216.99
High Date 01/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 230.63
High Date 04/29/2015
Low 115.97
Low Date 02/11/2016
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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