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
ConocoPhillips
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Summary:
Weekly :Broken trend resistance line
Daily :Broken trend resistance lineStochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe 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 ConocoPhillips (COP). During the week, the COP gained 1.27 points, or 2.52%, and closed at 51.74 on Friday, December 01, 2017. Weekly volume was 6% above average.

Long-term trend: [See COP long-term trend chart]
A long-term downtrend had started on July 24, 2014 at 87.09 and reached 31.05 on February 11, 2016. COP lost 56.04 points, or 64.35%, in 81 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (44.37) 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 COP medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 42.27 and reached 54.22 on November 8, 2017. COP gained -11.95 points, or -28.27%, in 11 weeks. The price is now at the 20.75% retracement level.

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

The weekly MACD line is above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See COP short-term trend chart]
A short-term downtrend had started on November 8, 2017 at 54.22 and reached 48.97 on November 28, 2017. COP lost 5.25 points, or 9.68%, in 20 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (48.60) 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 short-term trend.

Daily Technical Indicators: [See COP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 daily MACD line is below its signal line since November 13, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

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) 41.47
Williams' Percentage Range (W%R) 51.60
Lane's Stochastic (%D-Slow) 58.97
Greed/Fear Indicator (GFI) 49.61
Moving Average Converg./Diverg. (MACD) 0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.09
Williams' Percentage Range (W%R) 22.70
Lane's Stochastic (%D-Slow) 65.95
Greed/Fear Indicator (GFI) 68.56
Moving Average Converg./Diverg. (MACD) 1.03
Trading Signals
Description Value Chart
Upper Bollinger Band 53.77
Weekly Stochastic Crossing 51.96
Price 51.74
Daily Stochastic Crossing 51.53
20 Day Moving Average 51.41
50 Day Moving Average 50.63
Weekly Trendline Resistance 49.35
Parabolic System 49.06
Weekly Trendline Support 48.60
Lower Bollinger Band 47.96
Yearly Trendline Support 44.37
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Major Integrated Oil/Gas 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.97
Low Date 11/28/2017
High 52.47
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 49.35
Support 48.60
High 54.22
High Date 11/08/2017
Low 48.97
Low Date 11/28/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.27
Low Date 08/21/2017
High 54.22
High Date 11/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.05
Low Date 02/11/2016
High 54.22
High Date 11/08/2017
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 39.44
Support 44.37
High 87.09
High Date 07/24/2014
Low 31.05
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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