The Greedy Trader Weekly Analysis
Sign In May 17, 2024
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Daily D%-Slow:< 20
Monthly DirectionUp
Number of records: 4
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Parabolic SAR Crossover - Stock market timing signals.

The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.

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- 5/10/2024 -
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Las Vegas (LVS) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend support lineOversold sectorLane's Stochastic is oversold
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal linePrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Las Vegas (LVS). During the week, the LVS gave back -0.33 points, or -0.70%, and closed at 46.54 on Friday, May 10, 2024. Weekly volume was -24% below average.

LVS is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See LVS long-term trend chart]
A long-term uptrend had started on May 12, 2022 at 28.88 and reached 65.58 on May 1, 2023. LVS gained -36.70 points, or -127.08%, in 50 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (50.13) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See LVS medium-term trend chart]
A medium-term uptrend had started on October 5, 2023 at 43.77 and reached 55.65 on February 16, 2024. LVS gained -11.88 points, or -27.14%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (51.25) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See LVS weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 below its signal line since April 12, 2024. Use the following link to access a MACD help.

Short-term trend: [See LVS short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 54.54 and reached 44.00 on May 1, 2024. LVS lost 10.54 points, or 19.33%, in 27 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See LVS daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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) 49.86
Williams' Percentage Range (W%R) 54.30
Lane's Stochastic (%D-Slow) 80.28
Overbought
Greed/Fear Indicator (GFI) 58.62
Moving Average Converg./Diverg. (MACD) -1.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.41
Williams' Percentage Range (W%R) 71.20
Lane's Stochastic (%D-Slow) 17.71
Oversold
Greed/Fear Indicator (GFI) 28.91
Moving Average Converg./Diverg. (MACD) -0.19
Trading Signals
Description Value Chart
Yearly Trendline Resistance 52.78
Monthly Trendline Support 51.25
Upper Bollinger Band 50.70
Yearly Trendline Support 50.13
50 Day Moving Average 49.69
Daily Stochastic Crossing 46.81
20 Day Moving Average 46.71
Price 46.54
Weekly Stochastic Crossing 45.45
Parabolic System 45.27
Lower Bollinger Band 43.92
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry Casinos & Gaming 16
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.54
High Date 04/04/2024
Low 44.00
Low Date 05/01/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 55.65
High Date 02/16/2024
Low 44.00
Low Date 05/01/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 55.99
Support 51.25
Low 43.77
Low Date 10/05/2023
High 55.65
High Date 02/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.58
High Date 05/01/2023
Low 43.77
Low Date 10/05/2023
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 52.78
Support 50.13
Low 28.88
Low Date 05/12/2022
High 65.58
High Date 05/01/2023
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.