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
Fluor Corp. (New)
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :The 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 consecutive positive week for the Fluor Corp. (New) (FLR). During the week, the FLR gained 1.34 points, or 2.73%, and closed at 50.34 on Friday, June 08, 2018. Weekly volume was -16% below average.

FLR is a member of Services Sector. Services 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 FLR long-term trend chart]
A long-term downtrend had started on January 22, 2014 at 83.93 and reached 37.04 on August 21, 2017. FLR lost 46.89 points, or 55.87%, in 186 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (35.81) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.

Medium-term trend: [See FLR medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 37.04 and reached 62.09 on January 24, 2018. FLR gained -25.05 points, or -67.63%, in 22 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (64.37) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.

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

The weekly MACD line is below its signal line since March 23, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See FLR short-term trend chart]
A short-term uptrend had started on May 7, 2018 at 43.86 and reached 50.67 on May 21, 2018. FLR gained -6.81 points, or -15.53%, in 14 days. The chart has formed a Rising Pennant chart pattern.

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

The daily MACD line is above its signal line since May 18, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

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) 53.65
Williams' Percentage Range (W%R) 24.00
Lane's Stochastic (%D-Slow) 76.41
Greed/Fear Indicator (GFI) 68.70
Moving Average Converg./Diverg. (MACD) -1.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.74
Williams' Percentage Range (W%R) 68.60
Lane's Stochastic (%D-Slow) 23.94
Greed/Fear Indicator (GFI) 32.90
Moving Average Converg./Diverg. (MACD) 1.31
Trading Signals
Description Value Chart
50 Day Moving Average 53.44
Upper Bollinger Band 51.84
Price 50.34
Daily Stochastic Crossing 50.08
20 Day Moving Average 49.03
Weekly Stochastic Crossing 49.03
Parabolic System 48.62
Lower Bollinger Band 47.97
Yearly Trendline Resistance 47.46
Sector and Industry
Description Name Rank
Sector Services 8
Industry Technical Services 19
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Low 43.86
Low Date 05/07/2018
High 50.67
High Date 05/21/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.08
High Date 04/24/2018
Low 43.86
Low Date 05/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.09
High Date 01/24/2018
Low 43.86
Low Date 05/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 62.07
Support 64.37
Low 37.04
Low Date 08/21/2017
High 62.09
High Date 01/24/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 47.46
Support 35.81
High 83.93
High Date 01/22/2014
Low 37.04
Low Date 08/21/2017
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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