The Greedy Trader Weekly Analysis
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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.

Downtrend Broken Resist.

Archive
- 4/5/2024 -
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Federal Realty Investment Trust (FRT) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARBullish Doji CandlestickPrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Federal Realty Investment Trust (FRT). During the week, the FRT dropped -2.43 points, or -2.38%, and closed at 99.69 on Friday, April 5, 2024. Weekly volume was -22% below average.

FRT is a member of Real Estate Sector. Real Estate is the second most oversold 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 FRT long-term trend chart]
A long-term downtrend had started on January 4, 2022 at 140.51 and reached 85.27 on May 25, 2023. FRT lost 55.24 points, or 39.31%, in 72 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (83.77) 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 FRT medium-term trend chart]
A medium-term uptrend had started on May 25, 2023 at 85.27 and reached 107.61 on December 14, 2023. FRT gained -22.34 points, or -26.20%, in 29 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 85.93 and resistance is at 110.23. 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 FRT weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 15, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See FRT short-term trend chart]
A short-term downtrend had started on December 14, 2023 at 107.61 and reached 97.13 on February 28, 2024. FRT lost 10.48 points, or 9.74%, in 76 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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 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.

Candlestick pattern: [See FRT candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.05
Williams' Percentage Range (W%R) 67.70
Lane's Stochastic (%D-Slow) 26.98
Greed/Fear Indicator (GFI) 37.10
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.27
Williams' Percentage Range (W%R) 46.80
Lane's Stochastic (%D-Slow) 48.38
Greed/Fear Indicator (GFI) 49.72
Moving Average Converg./Diverg. (MACD) 1.18
Trading Signals
Description Value Chart
Monthly Trendline Resistance 110.23
Upper Bollinger Band 102.73
Parabolic System 102.56
50 Day Moving Average 100.79
20 Day Moving Average 100.46
Weekly Stochastic Crossing 100.08
Daily Stochastic Crossing 99.75
Price 99.69
Lower Bollinger Band 97.92
Quarterly Trendline Resistance 87.49
Monthly Trendline Support 85.93
Quarterly Trendline Support 83.77
Sector and Industry
Description Name Rank
Sector Real Estate 2
Industry Retail REITs 12
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 107.61
High Date 12/14/2023
Low 97.13
Low Date 02/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 85.59
Low Date 10/25/2023
High 107.61
High Date 12/14/2023
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 110.23
Support 85.93
Low 85.27
Low Date 05/25/2023
High 107.61
High Date 12/14/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 87.49
Support 83.77
High 140.51
High Date 01/04/2022
Low 85.27
Low Date 05/25/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 171.08
High Date 07/29/2016
Low 64.11
Low Date 05/14/2020
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.