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
iPath Dow Jones-AIG Commodity Idx TR ETN
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Summary:
Weekly :Trend resistance at 23.75
Daily :The price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement levelThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP gave back -0.14 points, or -0.58%, and closed at 23.95 on Friday, December 01, 2017. Weekly volume was 82% above average.

Long-term trend: [See DJP long-term trend chart]
A long-term downtrend had started on July 5, 2016 at 25.50 and reached 21.61 on June 22, 2017. DJP lost 3.89 points, or 15.25%, in 50 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (23.75). 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 DJP medium-term trend chart]
A medium-term uptrend had started on June 22, 2017 at 21.61 and reached 24.49 on November 6, 2017. DJP gained -2.88 points, or -13.33%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 23.78 and resistance is at 24.86. 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 medium-term trend.

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

The weekly MACD line is above its signal line since July 21, 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 DJP short-term trend chart]
A short-term downtrend had started on November 24, 2017 at 24.42 and reached 23.67 on November 30, 2017. DJP lost 0.75 points, or 3.07%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since November 13, 2017. 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.

The price is close to 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) 43.78
Williams' Percentage Range (W%R) 74.70
Lane's Stochastic (%D-Slow) 34.58
Greed/Fear Indicator (GFI) 34.55
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.32
Williams' Percentage Range (W%R) 29.90
Lane's Stochastic (%D-Slow) 75.82
Greed/Fear Indicator (GFI) 66.00
Moving Average Converg./Diverg. (MACD) 0.13
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 24.86
Monthly Trendline Resistance 24.45
Upper Bollinger Band 24.33
Parabolic System 24.07
Weekly Stochastic Crossing 24.07
20 Day Moving Average 24.02
Price 23.95
Daily Stochastic Crossing 23.90
Quarterly Trendline Support 23.78
Yearly Trendline Resistance 23.75
50 Day Moving Average 23.71
Monthly Trendline Support 23.61
Lower Bollinger Band 23.51
Yearly Trendline Support 21.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 23.67
Low Date 11/30/2017
High 24.07
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.42
High Date 11/24/2017
Low 23.67
Low Date 11/30/2017
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 24.45
Support 23.61
High 24.49
High Date 11/06/2017
Low 23.66
Low Date 11/16/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 24.86
Support 23.78
Low 21.61
Low Date 06/22/2017
High 24.49
High Date 11/06/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 23.75
Support 21.14
High 25.50
High Date 07/05/2016
Low 21.61
Low Date 06/22/2017
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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