The Greedy Trader Weekly Analysis
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Yearly Pattern:Rising Channel
Number of records: 15
Symbol:  

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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
Alcoa Inc
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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a first positive week after 4 consecutive negative weeks for the Alcoa Inc (AA). During the week, the AA gained 0.88 points, or 1.85%, and closed at 48.52 on Friday, June 08, 2018. Weekly volume was -40% below average.

AA is a member of Basic Materials Sector. Basic Materials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AA long-term trend chart]
A long-term uptrend had started on March 28, 2018 at 43.69 and reached 62.35 on April 19, 2018. AA gained -18.66 points, or -42.71%, in 3 weeks. The price is now at the 74.12% retracement level.

Medium-term trend: [See AA medium-term trend chart]
A medium-term uptrend had started on May 29, 2018 at 46.82 and reached 50.43 on May 31, 2018. AA gained -3.61 points, or -7.71%, in 0 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 47.45 and resistance is at 51.18. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a medium-term trend.

Weekly Technical Indicators: [See AA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 18, 2018. Use the following link to access a MACD help.

Short-term trend: [See AA short-term trend chart]
A short-term downtrend had started on June 6, 2018 at 50.19 and reached 48.44 on June 8, 2018. AA lost 1.75 points, or 3.49%, in 2 days. Price is near the trend low.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.43
Williams' Percentage Range (W%R) 71.50
Lane's Stochastic (%D-Slow) 63.50
Greed/Fear Indicator (GFI) 43.80
Moving Average Converg./Diverg. (MACD) -0.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.76
Williams' Percentage Range (W%R) 71.50
Lane's Stochastic (%D-Slow) 34.93
Greed/Fear Indicator (GFI) 38.36
Moving Average Converg./Diverg. (MACD) 1.91
Trading Signals
Description Value Chart
Upper Bollinger Band 52.88
Weekly Stochastic Crossing 51.46
50 Day Moving Average 51.35
Monthly Trendline Resistance 51.18
20 Day Moving Average 49.58
Daily Stochastic Crossing 49.52
Price 48.52
Parabolic System 47.51
Monthly Trendline Support 47.45
Lower Bollinger Band 46.52
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Aluminum 34
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 50.19
High Date 06/06/2018
Low 48.44
Low Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.19
High Date 06/06/2018
Low 48.44
Low Date 06/08/2018
Description Value
Direction Up
Chart Pattern Rectangle
Status Valid
Resistance 51.18
Support 47.45
Low 46.82
Low Date 05/29/2018
High 50.43
High Date 05/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.35
High Date 04/19/2018
Low 46.82
Low Date 05/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.69
Low Date 03/28/2018
High 62.35
High Date 04/19/2018
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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