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.

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- 4/26/2024 -
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Keysight Technologies (KEYS) Technical Analysis

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Summary:
Weekly :
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the price
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It was a first positive week for the Keysight Technologies (KEYS). During the week, the KEYS gained 3.43 points, or 2.36%, and closed at 148.55 on Friday, April 26, 2024. Weekly volume was -14% below average.

Long-term trend: [See KEYS long-term trend chart]
A long-term downtrend had started on December 30, 2021 at 209.08 and reached 118.57 on October 27, 2023. KEYS lost 90.51 points, or 43.29%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 115.40 and resistance is at 161.28. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See KEYS medium-term trend chart]
A medium-term downtrend had started on February 9, 2024 at 162.50 and reached 138.18 on February 21, 2024. KEYS lost 24.32 points, or 14.97%, in 1 weeks. The price is now at the 42.64% retracement level.

Weekly Technical Indicators: [See KEYS 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See KEYS short-term trend chart]
A short-term downtrend had started on April 11, 2024 at 160.32 and reached 144.30 on April 25, 2024. KEYS lost 16.02 points, or 9.99%, in 14 days. The price is now at the 26.53% retracement level.

Daily Technical Indicators: [See KEYS 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. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since April 12, 2024. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (149.57) comes close to the price (148.55). 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.

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) 31.11
Williams' Percentage Range (W%R) 83.10
Oversold
Lane's Stochastic (%D-Slow) 21.02
Greed/Fear Indicator (GFI) 22.99
Moving Average Converg./Diverg. (MACD) -1.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.56
Williams' Percentage Range (W%R) 59.30
Lane's Stochastic (%D-Slow) 59.74
Greed/Fear Indicator (GFI) 49.40
Moving Average Converg./Diverg. (MACD) 2.26
Trading Signals
Description Value Chart
Yearly Trendline Resistance 161.28
Upper Bollinger Band 160.73
Weekly Stochastic Crossing 153.61
50 Day Moving Average 152.83
20 Day Moving Average 152.45
Parabolic System 149.57
Price 148.55
Daily Stochastic Crossing 146.52
Lower Bollinger Band 140.86
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Electronic Equipment & Instruments 85
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 160.32
High Date 04/11/2024
Low 144.30
Low Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 162.50
High Date 02/09/2024
Low 138.18
Low Date 02/21/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 118.57
Low Date 10/27/2023
High 162.50
High Date 02/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 189.45
High Date 12/13/2022
Low 118.57
Low Date 10/27/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 161.28
Support 115.40
High 209.08
High Date 12/30/2021
Low 118.57
Low Date 10/27/2023
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.