The Greedy Trader Weekly Analysis
Sign In Jul 13, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Rising Wedge
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Nasdaq
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance line
Daily :Broken trend resistance lineStochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Nasdaq (^IXIC). During the week, the ^IXIC gained 178.09 points, or 2.37%, and closed at 7688.39 on Friday, July 06, 2018. It was the best weekly gain since May 11, 2018. Weekly volume was -29% below 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 7806.60 on June 20, 2018. ^IXIC gained -6541.08 points, or -516.87%, in 484 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (5689.27) 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 ^IXIC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 4209.76 and reached 7806.60 on June 20, 2018. ^IXIC gained -3596.84 points, or -85.44%, in 122 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 7448.04 and resistance is at 7807.39. 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 June 1, 2018. 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 June 20, 2018 at 7806.60 and reached 7419.56 on June 28, 2018. ^IXIC lost 387.04 points, or 4.96%, in 8 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (7534.40) 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 short-term trend.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is below its signal line since June 20, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

During the last week, the price has moved above 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) 46.58
Williams' Percentage Range (W%R) 54.40
Lane's Stochastic (%D-Slow) 46.56
Greed/Fear Indicator (GFI) 46.23
Moving Average Converg./Diverg. (MACD) 33.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.24
Williams' Percentage Range (W%R) 21.00
Lane's Stochastic (%D-Slow) 86.13
Overbought
Greed/Fear Indicator (GFI) 75.27
Moving Average Converg./Diverg. (MACD) 174.65
Trading Signals
Description Value Chart
Monthly Trendline Resistance 7896.29
Quarterly Trendline Resistance 7807.39
Upper Bollinger Band 7786.34
Weekly Stochastic Crossing 7724.62
Price 7688.39
20 Day Moving Average 7638.51
Daily Stochastic Crossing 7564.15
Weekly Trendline Resistance 7547.16
Weekly Trendline Support 7534.40
Monthly Trendline Support 7494.09
50 Day Moving Average 7473.26
Quarterly Trendline Support 7448.04
Parabolic System 7412.14
Lower Bollinger Band 7385.40
Yearly Trendline Resistance 6304.85
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 7419.56
Low Date 06/28/2018
High 7695.81
High Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 7547.16
Support 7534.40
High 7806.60
High Date 06/20/2018
Low 7419.56
Low Date 06/28/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 7896.29
Support 7494.09
Low 6805.96
Low Date 04/02/2018
High 7806.60
High Date 06/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 7807.39
Support 7448.04
Low 4209.76
Low Date 02/11/2016
High 7806.60
High Date 06/20/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6304.85
Support 5689.27
Low 1265.52
Low Date 03/09/2009
High 7806.60
High Date 06/20/2018
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.

Copyright© 2004-2016 All rights reserved.