The Greedy Trader Weekly Analysis
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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.

Uptrend Exhaustion

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- 6/7/2024 -
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Stanley Works (SWK) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldPrice is near the Fibonacci 61.8% retracement level
Daily :Williams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the Stanley Works (SWK). During the week, the SWK dropped -4.71 points, or -5.40%, and closed at 82.46 on Friday, June 7, 2024. SWK was trading at average weekly trading volume.

Long-term trend: [See SWK long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 70.24 and reached 104.21 on August 1, 2023. SWK gained -33.97 points, or -48.36%, in 41 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See SWK medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 102.93 and reached 82.13 on June 7, 2024. SWK lost 20.80 points, or 20.21%, in 25 weeks. Price is near the trend low.

Weekly Technical Indicators: [See SWK weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.

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 SWK short-term trend chart]
A short-term downtrend had started on May 15, 2024 at 93.34 and reached 82.13 on June 7, 2024. SWK lost 11.21 points, or 12.01%, in 23 days. Price is near the trend low.

Daily Technical Indicators: [See SWK daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since May 22, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.03
Williams' Percentage Range (W%R) 96.80
Strong Oversold
Lane's Stochastic (%D-Slow) 22.89
Bullish
Greed/Fear Indicator (GFI) 18.71
Oversold
Moving Average Converg./Diverg. (MACD) -1.33 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.53
Williams' Percentage Range (W%R) 97.80
Strong Oversold
Lane's Stochastic (%D-Slow) 26.57
Greed/Fear Indicator (GFI) 24.27
Moving Average Converg./Diverg. (MACD) 0.00
Trading Signals
Description Value Chart
Upper Bollinger Band 92.03
50 Day Moving Average 89.54
Parabolic System 87.77
20 Day Moving Average 87.05
Weekly Stochastic Crossing 85.20
Daily Stochastic Crossing 82.86
Price 82.46
Lower Bollinger Band 80.48
Sector and Industry
Description Name Rank
Sector Industrials 3
Industry Industrial Machinery 41
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 93.34
High Date 05/15/2024
Low 82.13
Low Date 06/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 98.28
High Date 03/28/2024
Low 82.13
Low Date 06/07/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 102.93
High Date 12/14/2023
Low 82.13
Low Date 06/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.24
Low Date 10/13/2022
High 104.21
High Date 08/01/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 225.00
High Date 05/10/2021
Low 70.24
Low Date 10/13/2022
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.