The Greedy Trader Weekly Analysis
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Number of records: 2
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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
Nasdaq
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineTrend support at 7802.91
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandPrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC dropped -257.90 points, or -3.21%, and closed at 7788.45 on Friday, October 05, 2018. Weekly volume was 21% above 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 8133.30 on August 30, 2018. ^IXIC gained -6867.78 points, or -542.68%, in 494 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (5810.50) 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 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 8133.30 on August 30, 2018. ^IXIC gained -3923.54 points, or -93.20%, in 133 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (7802.91) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See ^IXIC short-term trend chart]
A short-term downtrend had started on October 1, 2018 at 8107.38 and reached 7715.97 on October 5, 2018. ^IXIC lost 391.41 points, or 4.83%, in 4 days. The price is now at the 18.52% retracement level.

Daily Technical Indicators: [See ^IXIC 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 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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. Such crossover is considered a bearish signal. 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) 40.88
Williams' Percentage Range (W%R) 59.40
Lane's Stochastic (%D-Slow) 40.38
Greed/Fear Indicator (GFI) 40.61
Moving Average Converg./Diverg. (MACD) 20.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.42
Williams' Percentage Range (W%R) 32.40
Lane's Stochastic (%D-Slow) 70.73
Greed/Fear Indicator (GFI) 62.55
Moving Average Converg./Diverg. (MACD) 212.38
Trading Signals
Description Value Chart
Monthly Trendline Resistance 8287.42
Quarterly Trendline Resistance 8162.27
Parabolic System 8099.51
Upper Bollinger Band 8088.90
Monthly Trendline Support 8066.20
Weekly Stochastic Crossing 8003.06
20 Day Moving Average 7975.05
50 Day Moving Average 7919.47
Daily Stochastic Crossing 7850.89
Lower Bollinger Band 7838.95
Quarterly Trendline Support 7802.91
Price 7788.45
Yearly Trendline Resistance 6426.09
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 8107.38
High Date 10/01/2018
Low 7715.97
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7873.93
Low Date 09/07/2018
High 8107.38
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 8287.42
Support 8066.20
Low 6805.96
Low Date 04/02/2018
High 8133.30
High Date 08/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 8162.27
Support 7802.91
Low 4209.76
Low Date 02/11/2016
High 8133.30
High Date 08/30/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6426.09
Support 5810.50
Low 1265.52
Low Date 03/09/2009
High 8133.30
High Date 08/30/2018
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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