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 sectorLane's Stochastic is overbought
Daily :Broken trend support lineWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Emerson Electric (EMR). During the week, the EMR dropped -1.50 points, or -2.13%, and closed at 69.07 on Friday, February 09, 2018. Weekly volume was 59% above average.

EMR is a member of Industrial Goods Sector. Industrial Goods is the second 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 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 63.81 and resistance is at 75.84. 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 May 2, 2017 at 56.77 and reached 74.45 on January 12, 2018. EMR gained -17.68 points, or -31.14%, in 36 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 58.01 and resistance is at 72.65. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See EMR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 1, 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 EMR short-term trend chart]
A short-term downtrend had started on January 12, 2018 at 74.45 and reached 66.00 on February 6, 2018. EMR lost 8.45 points, or 11.35%, in 25 days. The chart has formed a Rectangle chart pattern. The downtrend support line (72.05) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a short-term trend.

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

The daily MACD line is below its signal line since January 17, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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) 35.74
Williams' Percentage Range (W%R) 82.20
Oversold
Lane's Stochastic (%D-Slow) 25.67
Greed/Fear Indicator (GFI) 26.39
Moving Average Converg./Diverg. (MACD) 0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.95
Williams' Percentage Range (W%R) 40.90
Lane's Stochastic (%D-Slow) 81.25
Overbought
Greed/Fear Indicator (GFI) 66.71
Moving Average Converg./Diverg. (MACD) 2.46
Trading Signals
Description Value Chart
Yearly Trendline Resistance 75.84
Upper Bollinger Band 74.86
Weekly Trendline Resistance 73.63
Quarterly Trendline Resistance 72.65
Weekly Stochastic Crossing 72.49
Weekly Trendline Support 72.05
20 Day Moving Average 71.75
Parabolic System 70.12
50 Day Moving Average 69.81
Price 69.07
Daily Stochastic Crossing 68.26
Lower Bollinger Band 66.44
Yearly Trendline Support 63.81
Quarterly Trendline Support 58.01
Sector and Industry
Description Name Rank
Sector Industrial Goods 8
Industry Industrial Electrical Eqp 136
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.00
Low Date 02/06/2018
High 70.52
High Date 02/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Broken Support
Resistance 73.63
Support 72.05
High 74.45
High Date 01/12/2018
Low 66.00
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 57.47
Low Date 11/16/2017
High 74.45
High Date 01/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 72.65
Support 58.01
Low 56.77
Low Date 05/02/2017
High 74.45
High Date 01/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 75.84
Support 63.81
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.

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