The Greedy Trader Weekly Analysis
Sign In May 25, 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
iPath Dow Jones-AIG Commodity Idx TR ETN
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtLane's Stochastic bearish divergenceDaily  MACD line has moved below its signal lineThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the iPath Dow Jones-AIG Commodity Idx TR ETN (DJP). During the week, the DJP climbed 0.14 points, or 0.56%, and closed at 25.28 on Friday, May 18, 2018. Weekly volume was -59% below average.

Long-term trend: [See DJP long-term trend chart]
A long-term uptrend had started on June 22, 2017 at 21.61 and reached 25.41 on January 25, 2018. DJP gained -3.80 points, or -17.58%, in 31 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 24.91 and resistance is at 26.19. 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 long-term trend.

Medium-term trend: [See DJP medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 23.78 and reached 25.39 on May 17, 2018. DJP gained -1.61 points, or -6.77%, in 6 weeks. The price is now at the 6.83% retracement level.

Weekly Technical Indicators: [See DJP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 April 13, 2018. 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 uptrend had started on April 25, 2018 at 24.76 and reached 25.39 on May 17, 2018. DJP gained -0.63 points, or -2.54%, in 22 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 25.12 and resistance is at 25.55. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See DJP daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish 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 daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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

The distance between the Bollinger Bands is falling, and it was 2.22% on Friday. It is 53.86% 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) 63.06
Williams' Percentage Range (W%R) 19.00
Overbought
Lane's Stochastic (%D-Slow) 78.02
Bearish
Greed/Fear Indicator (GFI) 74.01
Moving Average Converg./Diverg. (MACD) 0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.05
Williams' Percentage Range (W%R) 7.60
Strong Overbought
Lane's Stochastic (%D-Slow) 84.44
Overbought
Greed/Fear Indicator (GFI) 77.17
Moving Average Converg./Diverg. (MACD) 0.29
Trading Signals
Description Value Chart
Yearly Trendline Resistance 26.19
Weekly Trendline Resistance 25.55
Upper Bollinger Band 25.36
Daily Stochastic Crossing 25.31
Price 25.28
Weekly Stochastic Crossing 25.13
Weekly Trendline Support 25.12
20 Day Moving Average 25.09
Parabolic System 24.96
Yearly Trendline Support 24.91
Lower Bollinger Band 24.80
50 Day Moving Average 24.71
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 25.05
Low Date 05/15/2018
High 25.39
High Date 05/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 25.55
Support 25.12
Low 24.76
Low Date 04/25/2018
High 25.39
High Date 05/17/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.78
Low Date 04/04/2018
High 25.39
High Date 05/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.58
Low Date 02/09/2018
High 25.39
High Date 05/17/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 26.19
Support 24.91
Low 21.61
Low Date 06/22/2017
High 25.41
High Date 01/25/2018
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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