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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- 6/7/2024 -
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Microsoft Corp. (MSFT) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overbought
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Microsoft Corp. (MSFT). During the week, the MSFT gained 8.72 points, or 2.10%, and closed at 423.85 on Friday, June 7, 2024. Weekly volume was -36% below average.

Long-term trend: [See MSFT long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 213.43 and reached 433.60 on May 23, 2024. MSFT gained -220.17 points, or -103.16%, in 80 weeks. Price is near the trend high.

Medium-term trend: [See MSFT medium-term trend chart]
A medium-term uptrend had started on April 25, 2024 at 388.03 and reached 433.60 on May 23, 2024. MSFT gained -45.57 points, or -11.74%, in 4 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 407.82 and resistance is at 444.44. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See MSFT weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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. Use the following link to access a MACD help.

Short-term trend: [See MSFT short-term trend chart]
A short-term downtrend had started on May 23, 2024 at 433.60 and reached 404.51 on May 31, 2024. MSFT lost 29.09 points, or 6.71%, in 8 days. The price is now at the 66.48% retracement level.

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

The daily MACD line is below its signal line since May 30, 2024. 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 53.91
Williams' Percentage Range (W%R) 25.40
Lane's Stochastic (%D-Slow) 57.26
Greed/Fear Indicator (GFI) 61.91
Moving Average Converg./Diverg. (MACD) 2.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.32
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 71.71
Greed/Fear Indicator (GFI) 69.46
Moving Average Converg./Diverg. (MACD) 16.39
Trading Signals
Description Value Chart
Weekly Trendline Resistance 444.44
Upper Bollinger Band 432.18
Price 423.85
Weekly Stochastic Crossing 422.90
20 Day Moving Average 422.13
Daily Stochastic Crossing 421.38
50 Day Moving Average 416.01
Lower Bollinger Band 408.12
Weekly Trendline Support 407.82
Parabolic System 404.99
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Application Software 40
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 433.60
High Date 05/23/2024
Low 404.51
Low Date 05/31/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 444.44
Support 407.82
Low 388.03
Low Date 04/25/2024
High 433.60
High Date 05/23/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 309.45
Low Date 09/28/2023
High 433.60
High Date 05/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 213.43
Low Date 11/04/2022
High 433.60
High Date 05/23/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.87
Low Date 03/06/2009
High 433.60
High Date 05/23/2024
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.