The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
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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
Ball Corp.
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Summary:
Weekly :Relative Strength Index is strongly overboughtLane's Stochastic bullish divergenceTrend support at 37.81Trend resistance at 37.98
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the Ball Corp. (BLL). During the week, the BLL gained 0.41 points, or 1.09%, and closed at 37.87 on Friday, February 09, 2018. Weekly volume was 154% above average.

Long-term trend: [See BLL long-term trend chart]
A long-term downtrend had started on November 1, 2017 at 43.24 and reached 35.60 on February 6, 2018. BLL lost 7.64 points, or 17.67%, in 13 weeks. The chart has formed a Falling Pennant chart pattern. The price is near the trend support (37.81) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See BLL medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 39.30 and reached 35.60 on February 6, 2018. BLL lost 3.70 points, or 9.41%, in 1 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (37.98). 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 medium-term trend.

Weekly Technical Indicators: [See BLL weekly technical indicators chart]
Weekly Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Relative Strength Index. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Relative Strength Index help.

The weekly MACD line is above its signal line since October 6, 2017. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See BLL short-term trend chart]
A short-term uptrend had started on February 6, 2018 at 35.60 and reached 40.50 on February 7, 2018. BLL gained -4.90 points, or -13.76%, in 1 days. The price is now at the 53.67% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 distance between the Bollinger Bands is falling, and it was 7.6% on Friday. It is 57.11% lower than one year average. It indicates the period of low volatility of the stock price. 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) 50.55
Williams' Percentage Range (W%R) 37.10
Lane's Stochastic (%D-Slow) 43.27
Greed/Fear Indicator (GFI) 52.23
Moving Average Converg./Diverg. (MACD) -0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 94.45
Strong Overbought
Williams' Percentage Range (W%R) 59.70
Lane's Stochastic (%D-Slow) 26.23
Bullish
Greed/Fear Indicator (GFI) 37.38
Moving Average Converg./Diverg. (MACD) -5.25
Trading Signals
Description Value Chart
Upper Bollinger Band 39.57
Yearly Trendline Resistance 38.63
50 Day Moving Average 38.58
Daily Stochastic Crossing 38.25
20 Day Moving Average 38.18
Monthly Trendline Resistance 37.98
Price 37.87
Yearly Trendline Support 37.81
Weekly Stochastic Crossing 36.96
Lower Bollinger Band 36.70
Parabolic System 35.76
Monthly Trendline Support 34.52
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Packaging & Containers 21
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 35.60
Low Date 02/06/2018
High 40.50
High Date 02/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.60
Low Date 02/06/2018
High 40.50
High Date 02/07/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 37.98
Support 34.52
High 39.30
High Date 01/25/2018
Low 35.60
Low Date 02/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 39.94
High Date 01/17/2018
Low 35.60
Low Date 02/06/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Test Support
Resistance 38.63
Support 37.81
High 43.24
High Date 11/01/2017
Low 35.60
Low Date 02/06/2018
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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