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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PVH Corp. (PVH) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal linePrice is near the Fibonacci 38.2% retracement level
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It was a second consecutive positive week for the PVH Corp. (PVH). During the week, the PVH gained 4.25 points, or 3.98%, and closed at 111.03 on Friday, April 26, 2024. PVH was trading at average weekly trading volume.

Long-term trend: [See PVH long-term trend chart]
A long-term downtrend had started on June 11, 2018 at 169.22 and reached 28.40 on March 23, 2020. PVH lost 140.82 points, or 83.22%, in 93 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (52.84) is broken. A broken support is considered to be a long-term bullish signal. 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 resistance line in a long-term trend.

Medium-term trend: [See PVH medium-term trend chart]
A medium-term uptrend had started on October 6, 2023 at 69.27 and reached 141.15 on April 1, 2024. PVH gained -71.88 points, or -103.77%, in 25 weeks. The price is now at the 41.90% retracement level.

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

The weekly MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See PVH short-term trend chart]
A short-term uptrend had started on April 3, 2024 at 104.72 and reached 114.76 on April 24, 2024. PVH gained -10.04 points, or -9.59%, in 21 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See PVH 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 signal line (%D) has moved above oversold area. 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.38
Williams' Percentage Range (W%R) 81.80
Oversold
Lane's Stochastic (%D-Slow) 72.15
Greed/Fear Indicator (GFI) 48.23
Moving Average Converg./Diverg. (MACD) -5.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.76
Williams' Percentage Range (W%R) 71.50
Lane's Stochastic (%D-Slow) 29.34
Greed/Fear Indicator (GFI) 34.74
Moving Average Converg./Diverg. (MACD) 9.85
Trading Signals
Description Value Chart
Upper Bollinger Band 127.71
50 Day Moving Average 124.77
Parabolic System 117.51
Daily Stochastic Crossing 112.12
Price 111.03
20 Day Moving Average 110.11
Weekly Stochastic Crossing 110.04
Lower Bollinger Band 99.12
Yearly Trendline Resistance 93.81
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Apparel, Accessories & Luxury Goods 12
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 104.72
Low Date 04/03/2024
High 114.76
High Date 04/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 141.15
High Date 04/01/2024
Low 104.72
Low Date 04/03/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.27
Low Date 10/06/2023
High 141.15
High Date 04/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.50
Low Date 09/30/2022
High 141.15
High Date 04/01/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 93.81
Support 52.84
High 169.22
High Date 06/11/2018
Low 28.40
Low Date 03/23/2020
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.