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 :Oversold sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :The 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 Alcoa Inc (AA). During the week, the AA gained 1.79 points, or 4.37%, and closed at 42.79 on Friday, September 14, 2018. Weekly volume was -15% below average.

AA is a member of Basic Materials Sector. Basic Materials is the 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 downtrend had started on January 1, 1900 at 0.00 and reached 0.00 on January 1, 1900. AA lost 0.00 points, or 0%, in 0 weeks. The chart has formed a N/A chart pattern.

Medium-term trend: [See AA medium-term trend chart]
A medium-term downtrend had started on August 28, 2018 at 45.65 and reached 40.10 on September 7, 2018. AA lost 5.55 points, or 12.16%, in 1 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (40.47) 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 medium-term trend.

Weekly Technical Indicators: [See AA weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since May 18, 2018. This is an indication that the medium-term trend is down. 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 September 12, 2018 at 40.32 and reached 42.91 on September 14, 2018. AA gained -2.59 points, or -6.42%, in 2 days. Price is near the trend high.

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

The daily MACD line is below its signal line since September 5, 2018. The distance between MACD and the signal line is low and getting smaller.

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) 47.35
Williams' Percentage Range (W%R) 69.20
Lane's Stochastic (%D-Slow) 38.17
Greed/Fear Indicator (GFI) 38.78
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.03
Williams' Percentage Range (W%R) 88.40
Oversold
Lane's Stochastic (%D-Slow) 30.79
Greed/Fear Indicator (GFI) 30.00
Moving Average Converg./Diverg. (MACD) -0.89
Trading Signals
Description Value Chart
Upper Bollinger Band 45.18
50 Day Moving Average 43.59
Parabolic System 43.43
Price 42.79
20 Day Moving Average 42.75
Weekly Stochastic Crossing 41.76
Daily Stochastic Crossing 41.32
Quarterly Trendline Resistance 41.21
Quarterly Trendline Support 40.47
Lower Bollinger Band 40.05
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Aluminum 15
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 40.32
Low Date 09/12/2018
High 42.91
High Date 09/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.32
Low Date 09/12/2018
High 42.91
High Date 09/14/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.32
Low Date 09/12/2018
High 42.91
High Date 09/14/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 41.21
Support 40.47
High 45.65
High Date 08/28/2018
Low 40.10
Low Date 09/07/2018
Description Value
Direction Down
Chart Pattern N/A
Status
Resistance
Support
High 0.00
High Date 01/01/1900
Low 0.00
Low Date 01/01/1900
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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