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 :Lane's Stochastic is overbought
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the Fluor Corp. (New) (FLR). During the week, the FLR gained 1.73 points, or 3.08%, and closed at 57.84 on Friday, September 14, 2018. Weekly volume was -44% below average.

Long-term trend: [See FLR long-term trend chart]
A long-term downtrend had started on January 24, 2018 at 62.09 and reached 43.86 on May 7, 2018. FLR lost 18.23 points, or 29.36%, in 14 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 29.42 and resistance is at 62.06. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FLR medium-term trend chart]
A medium-term uptrend had started on May 7, 2018 at 43.86 and reached 58.94 on August 28, 2018. FLR gained -15.08 points, or -34.38%, in 16 weeks. The price is now at the 7.29% retracement level.

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 August 3, 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 FLR short-term trend chart]
A short-term downtrend had started on August 28, 2018 at 58.94 and reached 55.64 on September 7, 2018. FLR lost 3.30 points, or 5.60%, in 10 days. The price is now at the 66.67% retracement level.

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

The daily MACD line is below its signal line since August 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.43% on Friday. It is 65.25% 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) 51.10
Williams' Percentage Range (W%R) 51.20
Lane's Stochastic (%D-Slow) 59.11
Greed/Fear Indicator (GFI) 53.00
Moving Average Converg./Diverg. (MACD) 1.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.67
Williams' Percentage Range (W%R) 20.70
Lane's Stochastic (%D-Slow) 88.69
Overbought
Greed/Fear Indicator (GFI) 77.07
Moving Average Converg./Diverg. (MACD) 0.30
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 62.06
Upper Bollinger Band 58.04
Price 57.84
Weekly Stochastic Crossing 57.84
Daily Stochastic Crossing 57.59
20 Day Moving Average 57.38
Parabolic System 55.65
Lower Bollinger Band 55.50
50 Day Moving Average 54.02
Sector and Industry
Description Name Rank
Sector Services 7
Industry Technical Services 137
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.64
Low Date 09/07/2018
High 58.70
High Date 09/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 58.94
High Date 08/28/2018
Low 55.64
Low Date 09/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.86
Low Date 05/07/2018
High 58.94
High Date 08/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 62.06
Support 29.42
High 62.09
High Date 01/24/2018
Low 43.86
Low Date 05/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.04
Low Date 08/21/2017
High 62.09
High Date 01/24/2018
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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