The Greedy Trader Weekly Analysis
Sign In Jun 15, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 15
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtWeekly  MACD line has moved above its signal line
Daily :Daily  MACD line has moved above its signal lineThe 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 first positive week for the Emerson Electric (EMR). During the week, the EMR gained 1.78 points, or 2.49%, and closed at 73.15 on Friday, June 08, 2018. Weekly volume was -20% below average.

Long-term trend: [See EMR long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 41.25 and reached 74.45 on January 12, 2018. EMR gained -33.20 points, or -80.48%, in 103 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 67.61 and resistance is at 80.42. 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 EMR medium-term trend chart]
A medium-term uptrend had started on April 2, 2018 at 65.14 and reached 74.36 on May 22, 2018. EMR gained -9.22 points, or -14.15%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 66.79 and resistance is at 75.88. 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 medium-term trend.

Weekly Technical Indicators: [See EMR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 May 29, 2018 at 70.27 and reached 73.89 on June 7, 2018. EMR gained -3.62 points, or -5.15%, in 9 days. The price is now at the 20.44% retracement level.

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

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 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) 50.05
Williams' Percentage Range (W%R) 28.80
Lane's Stochastic (%D-Slow) 74.07
Greed/Fear Indicator (GFI) 65.09
Moving Average Converg./Diverg. (MACD) 0.69
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.26
Williams' Percentage Range (W%R) 13.50
Overbought
Lane's Stochastic (%D-Slow) 80.86
Overbought
Greed/Fear Indicator (GFI) 73.27
Moving Average Converg./Diverg. (MACD) 1.45
Trading Signals
Description Value Chart
Yearly Trendline Resistance 80.42
Monthly Trendline Resistance 75.88
Upper Bollinger Band 73.78
Daily Stochastic Crossing 73.38
Price 73.15
Weekly Stochastic Crossing 72.96
20 Day Moving Average 72.44
Parabolic System 70.74
Lower Bollinger Band 70.18
50 Day Moving Average 70.10
Yearly Trendline Support 67.61
Monthly Trendline Support 66.79
Sector and Industry
Description Name Rank
Sector Industrial Goods 5
Industry Industrial Electrical Eqp 118
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.27
Low Date 05/29/2018
High 73.89
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.36
High Date 05/22/2018
Low 70.27
Low Date 05/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 75.88
Support 66.79
Low 65.14
Low Date 04/02/2018
High 74.36
High Date 05/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.45
High Date 01/12/2018
Low 65.14
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 80.42
Support 67.61
Low 41.25
Low Date 01/20/2016
High 74.45
High Date 01/12/2018
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.

Copyright© 2004-2016 All rights reserved.