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Weekly Pattern:Rising Channel
Number of records: 15
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Archive
- 8/10/2018
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Dow Jones
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :Broken trend support lineDaily  MACD line has moved below its signal lineThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Dow Jones (^DJI). During the week, the ^DJI gave back -149.44 points, or -0.59%, and closed at 25313.14 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was -35% below average.

Long-term trend: [See ^DJI long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 6440.08 and reached 26616.71 on January 26, 2018. ^DJI gained -20176.63 points, or -313.30%, in 463 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (19384.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 ^DJI medium-term trend chart]
A medium-term uptrend had started on April 2, 2018 at 23344.52 and reached 25692.72 on August 7, 2018. ^DJI gained -2348.20 points, or -10.06%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 24471.34 and resistance is at 25851.06. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ^DJI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is above its signal line since July 27, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See ^DJI short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 23997.21 and reached 25692.72 on August 7, 2018. ^DJI gained -1695.51 points, or -7.07%, in 40 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (25592.00) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

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

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

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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.85
Williams' Percentage Range (W%R) 40.90
Lane's Stochastic (%D-Slow) 70.71
Greed/Fear Indicator (GFI) 62.89
Moving Average Converg./Diverg. (MACD) 184.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.44
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 81.62
Overbought
Greed/Fear Indicator (GFI) 74.27
Moving Average Converg./Diverg. (MACD) 243.31
Trading Signals
Description Value Chart
Weekly Trendline Resistance 26048.44
Monthly Trendline Resistance 25851.06
Upper Bollinger Band 25651.63
Weekly Trendline Support 25592.00
Daily Stochastic Crossing 25508.76
Weekly Stochastic Crossing 25459.34
20 Day Moving Average 25328.32
Price 25313.14
Parabolic System 25130.11
50 Day Moving Average 24975.90
Lower Bollinger Band 24921.00
Monthly Trendline Support 24471.34
Yearly Trendline Resistance 22845.38
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 25692.72
High Date 08/07/2018
Low 25222.88
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 26048.44
Support 25592.00
Low 23997.21
Low Date 06/28/2018
High 25692.72
High Date 08/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 25851.06
Support 24471.34
Low 23344.52
Low Date 04/02/2018
High 25692.72
High Date 08/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15370.33
Low Date 08/24/2015
High 26616.71
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 22845.38
Support 19384.27
Low 6440.08
Low Date 03/09/2009
High 26616.71
High Date 01/26/2018
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.

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