The Greedy Trader Weekly Analysis
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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
Nasdaq
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageBullish Harami CandlestickThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC dropped -366.46 points, or -5.06%, and closed at 6874.49 on Friday, February 09, 2018. Weekly volume was 51% above average.

Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 1265.52 and reached 7505.77 on January 26, 2018. ^IXIC gained -6240.25 points, or -493.10%, in 463 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (5497.95) 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 ^IXIC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 4209.76 and reached 7505.77 on January 26, 2018. ^IXIC gained -3296.01 points, or -78.29%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 6507.45 and resistance is at 6918.01. 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 ^IXIC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since October 6, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ^IXIC short-term trend chart]
A short-term downtrend had started on January 26, 2018 at 7505.77 and reached 6630.67 on February 9, 2018. ^IXIC lost 875.10 points, or 11.66%, in 14 days. The price is now at the 27.86% retracement level.

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

The daily MACD line is below its signal line since January 31, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (11.72%) is close to one year high (8.90%). It is 182.80% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Candlestick pattern: [See ^IXIC candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.04
Williams' Percentage Range (W%R) 73.40
Lane's Stochastic (%D-Slow) 21.15
Greed/Fear Indicator (GFI) 25.93
Moving Average Converg./Diverg. (MACD) 39.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.42
Williams' Percentage Range (W%R) 55.30
Lane's Stochastic (%D-Slow) 80.69
Overbought
Greed/Fear Indicator (GFI) 59.13
Moving Average Converg./Diverg. (MACD) 234.26
Trading Signals
Description Value Chart
Upper Bollinger Band 7565.01
Monthly Trendline Resistance 7306.16
Weekly Stochastic Crossing 7298.74
20 Day Moving Average 7265.50
Monthly Trendline Support 7188.75
Parabolic System 7130.28
50 Day Moving Average 7075.53
Quarterly Trendline Resistance 6918.01
Price 6874.49
Daily Stochastic Crossing 6848.38
Lower Bollinger Band 6759.00
Quarterly Trendline Support 6507.45
Yearly Trendline Resistance 6113.53
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7505.77
High Date 01/26/2018
Low 6630.67
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 7505.77
High Date 01/26/2018
Low 6630.67
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 7306.16
Support 7188.75
Low 5034.41
Low Date 11/04/2016
High 7505.77
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 6918.01
Support 6507.45
Low 4209.76
Low Date 02/11/2016
High 7505.77
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6113.53
Support 5497.95
Low 1265.52
Low Date 03/09/2009
High 7505.77
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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