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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
- 2/16/2018
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Alcoa Inc
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Summary:
Weekly :Broken trend support lineOversold sector
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Alcoa Inc (AA). During the week, the AA gained 1.44 points, or 3.14%, and closed at 47.36 on Friday, February 16, 2018. Weekly volume was 8% above average.

AA is a member of Basic Materials Sector. Basic Materials is the second most oversold 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 June 16, 2017 at 29.55 and reached 57.50 on January 12, 2018. AA gained -27.95 points, or -94.59%, in 30 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (48.79) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See AA medium-term trend chart]
A medium-term downtrend had started on January 12, 2018 at 57.50 and reached 44.15 on February 9, 2018. AA lost 13.35 points, or 23.22%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 41.78 and resistance is at 50.61. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge 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 February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See AA short-term trend chart]
A short-term uptrend had started on February 9, 2018 at 44.15 and reached 50.18 on February 16, 2018. AA gained -6.03 points, or -13.66%, in 7 days. The price is now at the 46.77% retracement level.

Daily Technical Indicators: [See AA 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. 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 daily MACD line is below its signal line since January 17, 2018.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.41
Williams' Percentage Range (W%R) 68.00
Lane's Stochastic (%D-Slow) 45.13
Greed/Fear Indicator (GFI) 34.50
Moving Average Converg./Diverg. (MACD) -0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.88
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 62.17
Greed/Fear Indicator (GFI) 53.01
Moving Average Converg./Diverg. (MACD) 3.45
Trading Signals
Description Value Chart
Upper Bollinger Band 55.13
Weekly Stochastic Crossing 51.63
Monthly Trendline Resistance 50.61
20 Day Moving Average 50.06
50 Day Moving Average 50.05
Yearly Trendline Support 48.79
Price 47.36
Daily Stochastic Crossing 47.14
Parabolic System 44.65
Lower Bollinger Band 43.71
Monthly Trendline Support 41.78
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Aluminum 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.15
Low Date 02/09/2018
High 50.18
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.15
Low Date 02/09/2018
High 50.18
High Date 02/16/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 50.61
Support 41.78
High 57.50
High Date 01/12/2018
Low 44.15
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.22
Low Date 11/21/2017
High 57.50
High Date 01/12/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 57.79
Support 48.79
Low 29.55
Low Date 06/16/2017
High 57.50
High Date 01/12/2018
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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