The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

Archive
- 4/19/2024 -
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Xerox Corp. (XRX) Technical Analysis

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Summary:
Weekly :
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the Xerox Corp. (XRX). During the week, the XRX dropped -0.41 points, or -2.43%, and closed at 16.44 on Friday, April 19, 2024. Weekly volume was -18% below average.

Long-term trend: [See XRX long-term trend chart]
A long-term uptrend had started on October 25, 2022 at 11.80 and reached 19.78 on January 30, 2024. XRX gained -7.98 points, or -67.63%, in 66 weeks. The price is now at the 41.85% retracement level.

Medium-term trend: [See XRX medium-term trend chart]
A medium-term downtrend had started on January 30, 2024 at 19.78 and reached 16.05 on April 16, 2024. XRX lost 3.73 points, or 18.86%, in 11 weeks. The price is now at the 10.46% retracement level.

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

The weekly MACD line is below its signal line since March 15, 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 XRX short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 18.18 and reached 16.05 on April 16, 2024. XRX lost 2.13 points, or 11.72%, in 12 days. The chart has formed a Falling Channel chart pattern.

Daily Technical Indicators: [See XRX daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.88
Williams' Percentage Range (W%R) 98.10
Strong Oversold
Lane's Stochastic (%D-Slow) 10.72
Oversold
Greed/Fear Indicator (GFI) 13.83
Oversold
Moving Average Converg./Diverg. (MACD) -0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.76
Williams' Percentage Range (W%R) 59.30
Lane's Stochastic (%D-Slow) 31.05
Greed/Fear Indicator (GFI) 40.57
Moving Average Converg./Diverg. (MACD) 0.61
Trading Signals
Description Value Chart
Upper Bollinger Band 18.13
50 Day Moving Average 17.62
20 Day Moving Average 17.16
Weekly Stochastic Crossing 17.09
Parabolic System 17.07
Price 16.44
Daily Stochastic Crossing 16.21
Lower Bollinger Band 15.78
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Technology Hardware, Storage & Peripherals 36
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 18.18
High Date 04/04/2024
Low 16.05
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.78
High Date 01/30/2024
Low 16.05
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 12.06
Low Date 10/25/2023
High 19.78
High Date 01/30/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.80
Low Date 10/25/2022
High 19.78
High Date 01/30/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 26.96
High Date 03/11/2021
Low 11.80
Low Date 10/25/2022
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.