The Greedy Trader Weekly Analysis
Sign In Dec 14, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   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
• 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
Fluor Corp. (New)
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold industryBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Broken trend support line - Downtrend exhaustionRelative Strength Index and Williams' Percentage Range are oversoldStochastic signal line moved above oversold areaLane's Stochastic bullish divergenceThe period of high volatility of the stock price
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 -4.40 points, or -10.75%, and closed at 36.53 on Friday, December 07, 2018. Weekly volume was 74% above average.

FLR is a member of Technical Services Industry. Technical Services is the sixth most oversold 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 24, 2018 at 62.09 and reached 35.65 on December 6, 2018. FLR lost 26.44 points, or 42.58%, in 45 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 20.22 and resistance is at 60.30. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FLR medium-term trend chart]
A medium-term downtrend had started on October 2, 2018 at 60.60 and reached 35.65 on December 6, 2018. FLR lost 24.95 points, or 41.17%, in 9 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (39.00) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 November 7, 2018 at 49.45 and reached 35.65 on December 6, 2018. FLR lost 13.80 points, or 27.91%, in 29 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (37.36) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 FLR daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish 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 bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since December 3, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

The distance between the Bollinger Bands is 104.26% higher then one year average. It indicates the period of high 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) 18.83
Oversold
Williams' Percentage Range (W%R) 86.10
Oversold
Lane's Stochastic (%D-Slow) 22.15
Bullish
Greed/Fear Indicator (GFI) 18.30
Oversold
Moving Average Converg./Diverg. (MACD) -2.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.24
Williams' Percentage Range (W%R) 92.30
Strong Oversold
Lane's Stochastic (%D-Slow) 12.64
Oversold
Greed/Fear Indicator (GFI) 17.52
Oversold
Moving Average Converg./Diverg. (MACD) -1.11
Trading Signals
Description Value Chart
Upper Bollinger Band 47.83
50 Day Moving Average 46.95
20 Day Moving Average 42.31
Weekly Trendline Resistance 41.50
Monthly Trendline Resistance 41.10
Parabolic System 39.91
Monthly Trendline Support 39.00
Weekly Trendline Support 37.36
Daily Stochastic Crossing 37.17
Weekly Stochastic Crossing 36.96
Price 36.53
Lower Bollinger Band 35.98
Sector and Industry
Description Name Rank
Sector Services 6
Industry Technical Services 6
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 42.18
High Date 12/03/2018
Low 35.65
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 41.50
Support 37.36
High 49.45
High Date 11/07/2018
Low 35.65
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 41.10
Support 39.00
High 60.60
High Date 10/02/2018
Low 35.65
Low Date 12/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 60.30
Support 20.22
High 62.09
High Date 01/24/2018
Low 35.65
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.93
High Date 01/22/2014
Low 35.65
Low Date 12/06/2018
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.