The Greedy Trader Weekly Analysis
Sign In May 10, 2024
Skip Navigation Links
TA Search
Share
Daily Price vs. Fibonacci:Near 23.6% retracement level
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Stock Market Trend Analysis and Technical Indicators Scanner.
technical analysis,screen stochastic,moving average trading system, trading indicator,technical analysis stock screen, macd convergence divergence, technical indicator macd,technical investment analysis,trading indicator,stochastics, bulls, bears, bullish, bearish, market, stock market
Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

Advanced TA Search

Archive
- 5/3/2024 -
Sign In to see current Signals.

Darden Restaurants (DRI) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergence
Move cursor over the icon to see details.

It was the negative week for the Darden Restaurants (DRI). During the week, the DRI dropped -6.85 points, or -4.39%, and closed at 149.25 on Friday, May 3, 2024. Weekly volume was 45% above average.

Long-term trend: [See DRI long-term trend chart]
A long-term uptrend had started on October 13, 2023 at 133.36 and reached 176.84 on March 4, 2024. DRI gained -43.48 points, or -32.60%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (180.53) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DRI may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See DRI medium-term trend chart]
A medium-term downtrend had started on March 4, 2024 at 176.84 and reached 147.46 on May 2, 2024. DRI lost 29.38 points, or 16.61%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 139.24 and resistance is at 155.73. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See DRI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See DRI short-term trend chart]
A short-term downtrend had started on April 26, 2024 at 158.19 and reached 147.46 on May 2, 2024. DRI lost 10.73 points, or 6.78%, in 6 days. The price is now at the 16.68% retracement level.

Daily Technical Indicators: [See DRI 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. Daily Lane's Stochastic and MACD have bullish 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 daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.33
Williams' Percentage Range (W%R) 88.20
Oversold
Lane's Stochastic (%D-Slow) 23.01
Bullish
Greed/Fear Indicator (GFI) 23.37
Moving Average Converg./Diverg. (MACD) -2.99 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.40
Williams' Percentage Range (W%R) 95.50
Strong Oversold
Lane's Stochastic (%D-Slow) 11.16
Oversold
Greed/Fear Indicator (GFI) 18.87
Oversold
Moving Average Converg./Diverg. (MACD) 2.32
Trading Signals
Description Value Chart
50 Day Moving Average 163.10
Upper Bollinger Band 160.42
Parabolic System 156.78
Weekly Trendline Resistance 155.73
20 Day Moving Average 154.15
Weekly Stochastic Crossing 150.13
Lower Bollinger Band 149.91
Price 149.25
Daily Stochastic Crossing 149.05
Weekly Trendline Support 139.24
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 3
Industry Restaurants 40
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 158.19
High Date 04/26/2024
Low 147.46
Low Date 05/02/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 155.73
Support 139.24
High 176.84
High Date 03/04/2024
Low 147.46
Low Date 05/02/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 184.18
Support 180.53
Low 133.36
Low Date 10/13/2023
High 176.84
High Date 03/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 110.96
Low Date 06/16/2022
High 176.84
High Date 03/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.21
Low Date 11/21/2008
High 176.84
High Date 03/04/2024
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.