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
Ball Corp.
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 40.39Price is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineThe price has fallen below the Parabolic SARThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the Ball Corp. (BLL). During the week, the BLL dropped -1.10 points, or -2.66%, and closed at 40.32 on Friday, August 10, 2018. It was the worst weekly loss since June 1, 2018. BLL was trading at average weekly trading volume.

Long-term trend: [See BLL long-term trend chart]
A long-term downtrend had started on March 13, 2018 at 41.99 and reached 34.71 on June 28, 2018. BLL lost 7.28 points, or 17.34%, in 15 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (40.39). 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 BLL medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 34.71 and reached 41.93 on August 7, 2018. BLL gained -7.22 points, or -20.80%, in 5 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See BLL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 6, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See BLL short-term trend chart]
A short-term downtrend had started on August 7, 2018 at 41.93 and reached 40.28 on August 10, 2018. BLL lost 1.65 points, or 3.94%, in 3 days. Price is near the trend low.

Daily Technical Indicators: [See BLL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since July 2, 2018.

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 distance between the Bollinger Bands (14.48%) is close to one year high (12.01%). It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 71.48
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 82.85
Overbought
Greed/Fear Indicator (GFI) 78.24
Moving Average Converg./Diverg. (MACD) 0.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.10
Williams' Percentage Range (W%R) 12.70
Overbought
Lane's Stochastic (%D-Slow) 84.69
Overbought
Greed/Fear Indicator (GFI) 75.91
Moving Average Converg./Diverg. (MACD) -1.34
Trading Signals
Description Value Chart
Upper Bollinger Band 42.44
Parabolic System 41.97
Daily Stochastic Crossing 41.19
Weekly Stochastic Crossing 41.12
Yearly Trendline Resistance 40.39
Price 40.32
20 Day Moving Average 39.31
50 Day Moving Average 37.69
Lower Bollinger Band 36.61
Yearly Trendline Support 32.86
Sector and Industry
Description Name Rank
Sector Consumer Goods 4
Industry Packaging & Containers 60
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 41.93
High Date 08/07/2018
Low 40.28
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.93
High Date 08/07/2018
Low 40.28
Low Date 08/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.93
High Date 08/07/2018
Low 40.28
Low Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.71
Low Date 06/28/2018
High 41.93
High Date 08/07/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 40.39
Support 32.86
High 41.99
High Date 03/13/2018
Low 34.71
Low Date 06/28/2018
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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