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
Emerson Electric
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe 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 positive week after 3 consecutive negative weeks for the Emerson Electric (EMR). During the week, the EMR gained 3.06 points, or 4.97%, and closed at 64.69 on Friday, December 01, 2017. Weekly volume was 41% above average.

EMR is a member of Industrial Goods Sector. Industrial Goods is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See EMR long-term trend chart]
A long-term uptrend had started on May 2, 2017 at 56.77 and reached 67.79 on October 27, 2017. EMR gained -11.02 points, or -19.41%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 58.81 and resistance is at 69.43. 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 long-term trend.

Medium-term trend: [See EMR medium-term trend chart]
A medium-term downtrend had started on October 27, 2017 at 67.79 and reached 57.47 on November 16, 2017. EMR lost 10.32 points, or 15.22%, in 2 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (52.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EMR may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

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

The weekly MACD line is below its signal line since November 10, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EMR short-term trend chart]
A short-term uptrend had started on November 16, 2017 at 57.47 and reached 65.30 on December 1, 2017. EMR gained -7.83 points, or -13.62%, in 15 days. The price is now at the 7.79% retracement level.

Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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.

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

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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 66.08
Williams' Percentage Range (W%R) 5.00
Strong Overbought
Lane's Stochastic (%D-Slow) 93.40
Strong Overbought
Greed/Fear Indicator (GFI) 84.83
Overbought
Moving Average Converg./Diverg. (MACD) -0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.69
Williams' Percentage Range (W%R) 27.90
Lane's Stochastic (%D-Slow) 45.36
Greed/Fear Indicator (GFI) 58.30
Moving Average Converg./Diverg. (MACD) 1.17
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 69.43
Upper Bollinger Band 66.33
Daily Stochastic Crossing 64.97
Price 64.69
50 Day Moving Average 63.53
20 Day Moving Average 62.07
Parabolic System 61.83
Weekly Stochastic Crossing 61.39
Lower Bollinger Band 59.23
Quarterly Trendline Support 58.81
Monthly Trendline Resistance 54.53
Monthly Trendline Support 52.73
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry Industrial Electrical Eqp 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.47
Low Date 11/16/2017
High 65.30
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.47
Low Date 11/16/2017
High 65.30
High Date 12/01/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 54.53
Support 52.73
High 67.79
High Date 10/27/2017
Low 57.47
Low Date 11/16/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 69.43
Support 58.81
Low 56.77
Low Date 05/02/2017
High 67.79
High Date 10/27/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 41.25
Low Date 01/20/2016
High 67.79
High Date 10/27/2017
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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