The Greedy Trader Weekly Analysis
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Number of records: 12
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Uptrend Exhaustion
Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
Archive
- 7/13/2018
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Nasdaq
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 7835.11
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a second consecutive positive week for the Nasdaq (^IXIC). During the week, the ^IXIC gained 137.59 points, or 1.79%, and closed at 7825.98 on Friday, July 13, 2018. Weekly volume was -19% below average.

Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 1265.52 and reached 7843.53 on July 13, 2018. ^IXIC gained -6578.01 points, or -519.79%, in 487 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (5698.74) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a long-term trend.

Medium-term trend: [See ^IXIC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 4209.76 and reached 7843.53 on July 13, 2018. ^IXIC gained -3633.77 points, or -86.32%, in 126 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (7835.11). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 1, 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 ^IXIC short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 7419.56 and reached 7843.53 on July 13, 2018. ^IXIC gained -423.97 points, or -5.71%, in 15 days. Price is near the trend high.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.37
Williams' Percentage Range (W%R) 3.70
Strong Overbought
Lane's Stochastic (%D-Slow) 94.55
Strong Overbought
Greed/Fear Indicator (GFI) 82.72
Overbought
Moving Average Converg./Diverg. (MACD) 43.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.71
Williams' Percentage Range (W%R) 1.50
Strong Overbought
Lane's Stochastic (%D-Slow) 85.14
Overbought Bearish
Greed/Fear Indicator (GFI) 81.01
Overbought
Moving Average Converg./Diverg. (MACD) 178.66 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 7949.24
Upper Bollinger Band 7893.40
Quarterly Trendline Resistance 7835.11
Price 7825.98
Daily Stochastic Crossing 7820.28
Weekly Stochastic Crossing 7753.84
20 Day Moving Average 7659.30
Parabolic System 7628.87
Monthly Trendline Support 7547.04
50 Day Moving Average 7540.17
Quarterly Trendline Support 7475.76
Lower Bollinger Band 7425.83
Yearly Trendline Resistance 6314.32
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 7511.43
Low Date 07/05/2018
High 7843.53
High Date 07/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7419.56
Low Date 06/28/2018
High 7843.53
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 7949.24
Support 7547.04
Low 6805.96
Low Date 04/02/2018
High 7843.53
High Date 07/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 7835.11
Support 7475.76
Low 4209.76
Low Date 02/11/2016
High 7843.53
High Date 07/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6314.32
Support 5698.74
Low 1265.52
Low Date 03/09/2009
High 7843.53
High Date 07/13/2018
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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