The Greedy Trader Weekly Analysis
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Daily Pattern:Rising Channel
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/26/2024 -
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Hilton Worldwide Holdings Inc. (HLT) Technical Analysis

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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the Hilton Worldwide Holdings Inc. (HLT). During the week, the HLT gained 7.65 points, or 3.93%, and closed at 202.12 on Friday, April 26, 2024. Weekly volume was 34% above average.

Long-term trend: [See HLT long-term trend chart]
A long-term uptrend had started on July 6, 2022 at 108.41 and reached 215.79 on March 28, 2024. HLT gained -107.38 points, or -99.05%, in 90 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (163.57) 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 HLT medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 215.79 and reached 193.86 on April 19, 2024. HLT lost 21.93 points, or 10.16%, in 3 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since April 12, 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 HLT short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 193.86 and reached 210.34 on April 24, 2024. HLT gained -16.48 points, or -8.50%, in 5 days. The price is now at the 49.88% retracement level.

Daily Technical Indicators: [See HLT daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 daily MACD line is below its signal line since April 1, 2024. The distance between MACD and the signal line is low and getting smaller.

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 20 Day Moving Average 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) 35.34
Williams' Percentage Range (W%R) 54.70
Lane's Stochastic (%D-Slow) 40.28
Greed/Fear Indicator (GFI) 40.31
Moving Average Converg./Diverg. (MACD) -1.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.24
Williams' Percentage Range (W%R) 25.50
Lane's Stochastic (%D-Slow) 65.64
Greed/Fear Indicator (GFI) 65.10
Moving Average Converg./Diverg. (MACD) 12.64
Trading Signals
Description Value Chart
Upper Bollinger Band 215.31
Weekly Stochastic Crossing 206.62
50 Day Moving Average 205.45
20 Day Moving Average 205.31
Price 202.12
Daily Stochastic Crossing 201.87
Parabolic System 194.33
Lower Bollinger Band 192.25
Quarterly Trendline Resistance 169.16
Quarterly Trendline Support 163.57
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Hotels, Resorts & Cruise Lines 78
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 193.86
Low Date 04/19/2024
High 210.34
High Date 04/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 215.79
High Date 03/28/2024
Low 193.86
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 129.86
Low Date 03/24/2023
High 215.79
High Date 03/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 169.16
Support 163.57
Low 108.41
Low Date 07/06/2022
High 215.79
High Date 03/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6.15
Low Date 09/21/2001
High 215.79
High Date 03/28/2024
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.