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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- 9/22/2023 -
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Kimberly-Clark (KMB) Technical Analysis

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Summary:
Weekly :Oversold sectorLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index and Lane's Stochastic bullish divergenceBroken trend support line
Daily :Lane's Stochastic is oversoldLane's Stochastic and MACD bullish divergenceThe price has risen above the Parabolic SAR
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It was the negative week for the Kimberly-Clark (KMB). During the week, the KMB gave back -1.04 points, or -0.83%, and closed at 123.97 on Friday, September 22, 2023. Weekly volume was -22% below average.

KMB 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 KMB long-term trend chart]
A long-term downtrend had started on August 12, 2020 at 160.16 and reached 108.74 on October 10, 2022. KMB lost 51.42 points, or 32.11%, in 112 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 92.35 and resistance is at 128.55. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See KMB medium-term trend chart]
A medium-term uptrend had started on October 10, 2022 at 108.74 and reached 147.87 on April 25, 2023. KMB gained -39.13 points, or -35.98%, in 28 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (139.12) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. KMB may retest the broken support line. It is considered to be a resistance line now. 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 KMB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 9, 2023. Use the following link to access a MACD help.

Short-term trend: [See KMB short-term trend chart]
A short-term downtrend had started on August 24, 2023 at 130.42 and reached 123.75 on September 22, 2023. KMB lost 6.67 points, or 5.11%, in 29 days. Price is near the trend low.

Daily Technical Indicators: [See KMB daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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 daily MACD line is below its signal line since September 11, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.43
Williams' Percentage Range (W%R) 79.30
Lane's Stochastic (%D-Slow) 16.32
Oversold Bullish
Greed/Fear Indicator (GFI) 23.47
Moving Average Converg./Diverg. (MACD) -1.16 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.00
Bullish
Williams' Percentage Range (W%R) 94.30
Strong Oversold
Lane's Stochastic (%D-Slow) 12.37
Oversold Bullish
Greed/Fear Indicator (GFI) 17.88
Oversold
Moving Average Converg./Diverg. (MACD) -0.76 Bullish
Trading Signals
Description Value Chart
Quarterly Trendline Support 139.12
Upper Bollinger Band 130.01
50 Day Moving Average 128.78
Yearly Trendline Resistance 128.55
20 Day Moving Average 126.73
Monthly Trendline Resistance 126.15
Weekly Stochastic Crossing 124.73
Daily Stochastic Crossing 124.27
Price 123.97
Parabolic System 123.63
Monthly Trendline Support 123.01
Lower Bollinger Band 122.64
Sector and Industry
Description Name Rank
Sector Consumer Staples 2
Industry Household Products 26
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 126.39
High Date 09/21/2023
Low 123.75
Low Date 09/22/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.42
High Date 08/24/2023
Low 123.75
Low Date 09/22/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 126.15
Support 123.01
High 147.87
High Date 04/25/2023
Low 123.75
Low Date 09/22/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 156.59
Support 139.12
Low 108.74
Low Date 10/10/2022
High 147.87
High Date 04/25/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 128.55
Support 92.35
High 160.16
High Date 08/12/2020
Low 108.74
Low Date 10/10/2022
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.