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
iShares FTSE/Xinhua China 25 Index
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Summary:
Weekly :Lane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageThe 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 iShares FTSE/Xinhua China 25 Index (FXI). During the week, the FXI dropped -2.14 points, or -4.46%, and closed at 45.80 on Friday, December 01, 2017. Weekly volume was 30% above average.

Long-term trend: [See FXI long-term trend chart]
A long-term downtrend had started on April 27, 2015 at 52.85 and reached 28.10 on February 11, 2016. FXI lost 24.75 points, or 46.83%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (40.14) 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 FXI medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 28.10 and reached 48.36 on November 22, 2017. FXI gained -20.26 points, or -72.10%, in 92 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (41.80) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See FXI 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. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 May 12, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See FXI short-term trend chart]
A short-term uptrend had started on August 11, 2017 at 41.65 and reached 48.36 on November 22, 2017. FXI gained -6.71 points, or -16.11%, in 103 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See FXI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Williams' Percentage Range help.

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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.18
Williams' Percentage Range (W%R) 81.80
Oversold
Lane's Stochastic (%D-Slow) 29.43
Greed/Fear Indicator (GFI) 29.60
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.02
Williams' Percentage Range (W%R) 33.20
Lane's Stochastic (%D-Slow) 85.61
Overbought
Greed/Fear Indicator (GFI) 68.77
Moving Average Converg./Diverg. (MACD) 1.74
Trading Signals
Description Value Chart
Parabolic System 48.29
Upper Bollinger Band 48.10
Weekly Stochastic Crossing 47.91
Monthly Trendline Resistance 47.71
20 Day Moving Average 46.87
Daily Stochastic Crossing 46.08
50 Day Moving Average 46.03
Price 45.80
Lower Bollinger Band 45.35
Monthly Trendline Support 44.24
Quarterly Trendline Resistance 44.00
Quarterly Trendline Support 41.80
Yearly Trendline Support 40.14
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 41.65
Low Date 08/11/2017
High 48.36
High Date 11/22/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.51
Low Date 04/19/2017
High 48.36
High Date 11/22/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 47.71
Support 44.24
Low 33.91
Low Date 12/23/2016
High 48.36
High Date 11/22/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 44.00
Support 41.80
Low 28.10
Low Date 02/11/2016
High 48.36
High Date 11/22/2017
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 28.43
Support 40.14
High 52.85
High Date 04/27/2015
Low 28.10
Low Date 02/11/2016
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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