The Greedy Trader Weekly Analysis
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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.

Downtrend Broken Resist.

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- 4/5/2024 -
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Church & Dwight (CHD) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice is close to the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Church & Dwight (CHD). During the week, the CHD dropped -2.31 points, or -2.21%, and closed at 102.00 on Friday, April 5, 2024. It was the worst weekly loss since December 8, 2023. CHD was trading at average weekly trading volume.

Long-term trend: [See CHD long-term trend chart]
A long-term downtrend had started on April 27, 2022 at 105.28 and reached 70.16 on October 10, 2022. CHD lost 35.12 points, or 33.36%, in 23 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (86.92) 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 long-term trend.

Medium-term trend: [See CHD medium-term trend chart]
A medium-term uptrend had started on November 3, 2023 at 82.25 and reached 105.67 on March 13, 2024. CHD gained -23.42 points, or -28.47%, in 18 weeks. The price is now at the 15.67% retracement level.

Weekly Technical Indicators: [See CHD weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 December 29, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CHD short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 105.67 and reached 101.43 on April 5, 2024. CHD lost 4.24 points, or 4.01%, in 23 days. The price is now at the 13.44% retracement level.

Daily Technical Indicators: [See CHD daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since March 19, 2024. This is an indication that the short-term trend is down.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.61%) is close to one year low (3.46%). It is 50.41% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.44
Williams' Percentage Range (W%R) 88.40
Oversold
Lane's Stochastic (%D-Slow) 42.59
Greed/Fear Indicator (GFI) 31.20
Moving Average Converg./Diverg. (MACD) 0.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.70
Williams' Percentage Range (W%R) 22.60
Lane's Stochastic (%D-Slow) 83.71
Overbought
Greed/Fear Indicator (GFI) 72.60
Moving Average Converg./Diverg. (MACD) 2.17
Trading Signals
Description Value Chart
Parabolic System 105.19
Upper Bollinger Band 104.99
Weekly Stochastic Crossing 104.04
20 Day Moving Average 103.92
Daily Stochastic Crossing 102.61
Price 102.00
50 Day Moving Average 101.44
Lower Bollinger Band 101.31
Yearly Trendline Resistance 97.50
Yearly Trendline Support 86.92
Sector and Industry
Description Name Rank
Sector Consumer Staples 3
Industry Household Products 62
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 105.46
High Date 04/02/2024
Low 101.43
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.67
High Date 03/13/2024
Low 101.43
Low Date 04/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.25
Low Date 11/03/2023
High 105.67
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.16
Low Date 10/10/2022
High 105.67
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 97.50
Support 86.92
High 105.28
High Date 04/27/2022
Low 70.16
Low Date 10/10/2022
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.