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 :Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic bearish divergenceThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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 1.75 points, or 2.31%, and closed at 77.54 on Friday, September 14, 2018. Weekly volume was -36% 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 78.00 on September 13, 2018. EMR gained -36.75 points, or -89.09%, in 138 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 69.79 and resistance is at 82.11. 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 78.00 on September 13, 2018. EMR gained -12.86 points, or -19.74%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 74.82 and resistance is at 79.54. 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 EMR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly 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.

The weekly MACD line is above its signal line since August 10, 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 EMR short-term trend chart]
A short-term uptrend had started on September 7, 2018 at 75.50 and reached 78.00 on September 13, 2018. EMR gained -2.50 points, or -3.31%, in 6 days. The price is now at the 18.40% retracement level.

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

The daily MACD line is below its signal line since September 5, 2018. The distance between MACD and the signal line is low and getting smaller.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 3.82% on Friday. It is 57.18% 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) 63.11
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 63.84
Bearish
Greed/Fear Indicator (GFI) 73.77
Moving Average Converg./Diverg. (MACD) 1.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.00
Williams' Percentage Range (W%R) 2.10
Strong Overbought
Lane's Stochastic (%D-Slow) 90.09
Strong Overbought
Greed/Fear Indicator (GFI) 82.39
Overbought
Moving Average Converg./Diverg. (MACD) 1.33
Trading Signals
Description Value Chart
Yearly Trendline Resistance 82.11
Quarterly Trendline Resistance 79.54
Price 77.54
Upper Bollinger Band 77.48
Daily Stochastic Crossing 77.27
Weekly Stochastic Crossing 77.22
20 Day Moving Average 76.35
Parabolic System 75.77
Quarterly Trendline Support 74.82
Lower Bollinger Band 74.50
50 Day Moving Average 73.31
Yearly Trendline Support 69.79
Sector and Industry
Description Name Rank
Sector Industrial Goods 6
Industry Industrial Electrical Eqp 151
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.50
Low Date 09/07/2018
High 78.00
High Date 09/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.50
Low Date 09/07/2018
High 78.00
High Date 09/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.67
Low Date 06/28/2018
High 78.00
High Date 09/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 79.54
Support 74.82
Low 65.14
Low Date 04/02/2018
High 78.00
High Date 09/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 82.11
Support 69.79
Low 41.25
Low Date 01/20/2016
High 78.00
High Date 09/13/2018
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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