The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 10/11/2024 -
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Church & Dwight (CHD) Technical Analysis

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Summary:
Weekly :Oversold sectorPrice is near the Fibonacci 38.2% retracement level
Daily :A Parabolic SAR indicator is below and near the pricePrice is close to the 50 Day Moving Average
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It was a first positive week for the Church & Dwight (CHD). During the week, the CHD climbed 0.57 points, or 0.56%, and closed at 101.61 on Friday, October 11, 2024. Weekly volume was -24% below average.

CHD is a member of Consumer Staples Sector. Consumer Staples 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 CHD long-term trend chart]
A long-term uptrend had started on October 10, 2022 at 70.16 and reached 110.31 on June 18, 2024. CHD gained -40.15 points, or -57.23%, in 88 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 91.30 and resistance is at 113.57. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See CHD medium-term trend chart]
A medium-term downtrend had started on June 18, 2024 at 110.31 and reached 96.35 on August 2, 2024. CHD lost 13.96 points, or 12.66%, in 6 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since June 21, 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 CHD short-term trend chart]
A short-term uptrend had started on August 2, 2024 at 96.35 and reached 106.61 on September 10, 2024. CHD gained -10.26 points, or -10.65%, in 39 days. The price is now at the 48.73% retracement level.

Daily Technical Indicators: [See CHD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since October 1, 2024.

A Parabolic SAR (stop and reversal) indicator (102.13) comes close to the price (101.61). It indicates that the trend is getting weaker. 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.

Price is close to the 50 Day Moving Average. 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) 41.62
Williams' Percentage Range (W%R) 74.60
Lane's Stochastic (%D-Slow) 24.13
Greed/Fear Indicator (GFI) 30.38
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.58
Williams' Percentage Range (W%R) 71.30
Lane's Stochastic (%D-Slow) 60.23
Greed/Fear Indicator (GFI) 46.14
Moving Average Converg./Diverg. (MACD) 0.59
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 113.57
Upper Bollinger Band 105.45
Weekly Stochastic Crossing 103.06
20 Day Moving Average 102.50
50 Day Moving Average 102.36
Parabolic System 102.13
Price 101.61
Daily Stochastic Crossing 100.46
Lower Bollinger Band 98.75
Quarterly Trendline Support 91.30
Sector and Industry
Description Name Rank
Sector Consumer Staples 2
Industry Household Products 53
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 96.35
Low Date 08/02/2024
High 106.61
High Date 09/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 110.31
High Date 06/18/2024
Low 96.35
Low Date 08/02/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.25
Low Date 11/03/2023
High 110.31
High Date 06/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 113.57
Support 91.30
Low 70.16
Low Date 10/10/2022
High 110.31
High Date 06/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.56
Low Date 12/01/2016
High 110.31
High Date 06/18/2024
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.