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Yearly 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
- 12/1/2017
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Nasdaq
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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineLane's Stochastic bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC gave back -41.57 points, or -0.60%, and closed at 6847.59 on Friday, December 01, 2017. It was the worst weekly loss since October 27, 2017. Weekly volume was 18% 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 6914.19 on November 28, 2017. ^IXIC gained -5648.67 points, or -446.35%, in 455 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (5408.91) 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 6914.19 on November 28, 2017. ^IXIC gained -2704.43 points, or -64.24%, in 93 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (6291.15) 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 medium-term trend.

Weekly Technical Indicators: [See ^IXIC weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 October 6, 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 ^IXIC short-term trend chart]
A short-term uptrend had started on August 21, 2017 at 6177.19 and reached 6914.19 on November 28, 2017. ^IXIC gained -737.00 points, or -11.93%, in 99 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 6743.81 and resistance is at 6876.58. 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 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 main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.27
Williams' Percentage Range (W%R) 24.90
Lane's Stochastic (%D-Slow) 74.35
Greed/Fear Indicator (GFI) 69.92
Moving Average Converg./Diverg. (MACD) 61.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.86
Overbought
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 93.77
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 83.32
Overbought
Moving Average Converg./Diverg. (MACD) 181.25
Trading Signals
Description Value Chart
Parabolic System 6921.10
Upper Bollinger Band 6912.38
Weekly Stochastic Crossing 6889.08
Weekly Trendline Resistance 6876.58
Daily Stochastic Crossing 6861.07
Price 6847.59
20 Day Moving Average 6806.65
Monthly Trendline Resistance 6782.16
Weekly Trendline Support 6743.81
Quarterly Trendline Resistance 6701.70
Lower Bollinger Band 6684.32
50 Day Moving Average 6668.22
Monthly Trendline Support 6648.86
Quarterly Trendline Support 6291.15
Yearly Trendline Resistance 6024.50
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 6667.31
Low Date 11/15/2017
High 6914.19
High Date 11/28/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 6876.58
Support 6743.81
Low 6177.19
Low Date 08/21/2017
High 6914.19
High Date 11/28/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 6782.16
Support 6648.86
Low 5034.41
Low Date 11/04/2016
High 6914.19
High Date 11/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6701.70
Support 6291.15
Low 4209.76
Low Date 02/11/2016
High 6914.19
High Date 11/28/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 6024.50
Support 5408.91
Low 1265.52
Low Date 03/09/2009
High 6914.19
High Date 11/28/2017
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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