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 sectorOverbought industryLane's Stochastic is overboughtBroken trend resistance line
Daily :Relative Strength Index and Lane's Stochastic are oversoldThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Fluor Corp. (New) (FLR). During the week, the FLR dropped -3.78 points, or -6.43%, and closed at 55.01 on Friday, February 09, 2018. Weekly volume was 45% above average.

FLR is a member of Services Sector. Services is the most overbought sector. FLR is a member of Technical Services Industry. Technical Services is the fourth most overbought industry. 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 (36.31) 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 Broadening Ascending Wedge chart pattern. The trend support level is at 52.40 and resistance is at 64.94. 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 FLR 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 September 22, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See FLR short-term trend chart]
A short-term downtrend had started on January 24, 2018 at 62.09 and reached 53.22 on February 9, 2018. FLR lost 8.87 points, or 14.29%, in 16 days. The price is now at the 20.18% retracement level.

Daily Technical Indicators: [See FLR daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Lane's Stochastic. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below 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) 18.22
Oversold
Williams' Percentage Range (W%R) 67.50
Lane's Stochastic (%D-Slow) 15.83
Oversold
Greed/Fear Indicator (GFI) 22.17
Moving Average Converg./Diverg. (MACD) 1.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.63
Williams' Percentage Range (W%R) 27.30
Lane's Stochastic (%D-Slow) 87.85
Overbought
Greed/Fear Indicator (GFI) 74.48
Moving Average Converg./Diverg. (MACD) 2.06
Trading Signals
Description Value Chart
Monthly Trendline Resistance 64.94
Upper Bollinger Band 61.85
Weekly Stochastic Crossing 60.24
20 Day Moving Average 59.16
Parabolic System 59.00
Price 55.01
Daily Stochastic Crossing 54.76
50 Day Moving Average 54.35
Lower Bollinger Band 53.18
Monthly Trendline Support 52.40
Yearly Trendline Resistance 50.17
Sector and Industry
Description Name Rank
Sector Services 9
Industry Technical Services 160
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 62.09
High Date 01/24/2018
Low 53.22
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.09
High Date 01/24/2018
Low 53.22
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 64.94
Support 52.40
Low 37.04
Low Date 08/21/2017
High 62.09
High Date 01/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.37
High Date 02/15/2017
Low 37.04
Low Date 08/21/2017
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 50.17
Support 36.31
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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