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Monthly 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
- 12/8/2017
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S&P 500
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Williams' Percentage Range are overboughtStochastic signal line moved below overbought areaA Parabolic SAR indicator is above and near the price
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It was a third consecutive positive week for the S&P 500 (^GSPC). During the week, the ^GSPC climbed 9.28 points, or 0.35%, and closed at 2651.50 on Friday, December 08, 2017. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 666.79 and reached 2665.19 on December 4, 2017. ^GSPC gained -1998.40 points, or -299.70%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2185.35) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 ^GSPC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 1810.10 and reached 2665.19 on December 4, 2017. ^GSPC gained -855.09 points, or -47.24%, in 94 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 2554.99 and resistance is at 2757.79. 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 ^GSPC weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish 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 above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term uptrend had started on March 27, 2017 at 2322.25 and reached 2665.19 on December 4, 2017. ^GSPC gained -342.94 points, or -14.77%, in 252 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (2488.73) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since November 27, 2017. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (2636.87) comes close to the price (2651.50). It indicates that the trend is getting weaker. 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) 81.02
Overbought
Williams' Percentage Range (W%R) 17.60
Overbought
Lane's Stochastic (%D-Slow) 59.12
Greed/Fear Indicator (GFI) 74.17
Moving Average Converg./Diverg. (MACD) 17.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 89.20
Overbought
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 89.31
Overbought Bearish
Greed/Fear Indicator (GFI) 83.88
Overbought
Moving Average Converg./Diverg. (MACD) 51.84
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 2757.79
Upper Bollinger Band 2667.75
Price 2651.50
Weekly Stochastic Crossing 2650.05
Daily Stochastic Crossing 2639.75
Parabolic System 2636.87
Weekly Trendline Resistance 2617.90
20 Day Moving Average 2609.34
Monthly Trendline Resistance 2583.82
50 Day Moving Average 2581.36
Lower Bollinger Band 2560.99
Quarterly Trendline Support 2554.99
Yearly Trendline Resistance 2522.17
Weekly Trendline Support 2488.73
Monthly Trendline Support 2473.56
Yearly Trendline Support 2185.35
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 2417.35
Low Date 08/21/2017
High 2665.19
High Date 12/04/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 2617.90
Support 2488.73
Low 2322.25
Low Date 03/27/2017
High 2665.19
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2583.82
Support 2473.56
Low 2083.79
Low Date 11/04/2016
High 2665.19
High Date 12/04/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 2757.79
Support 2554.99
Low 1810.10
Low Date 02/11/2016
High 2665.19
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 2522.17
Support 2185.35
Low 666.79
Low Date 03/06/2009
High 2665.19
High Date 12/04/2017
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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