The Greedy Trader Weekly Analysis
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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
- 2/9/2018
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Apple Computer
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Summary:
Weekly :Broken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic has raised above the signal lineBullish Homing Pigeon CandlestickThe Bollinger Bands are historically far apart
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It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -4.09 points, or -2.55%, and closed at 156.41 on Friday, February 09, 2018. Weekly volume was 141% above average.

Long-term trend: [See AAPL long-term trend chart]
A long-term downtrend had started on January 18, 2018 at 180.10 and reached 150.25 on February 9, 2018. AAPL lost 29.85 points, or 16.57%, in 3 weeks. The price is now at the 20.64% retracement level.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-term uptrend had started on May 12, 2016 at 89.47 and reached 180.10 on January 18, 2018. AAPL gained -90.63 points, or -101.30%, in 88 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (159.62) 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 medium-term trend.

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

The weekly MACD line is below its signal line since January 19, 2018. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AAPL short-term trend chart]
A short-term downtrend had started on January 18, 2018 at 180.10 and reached 150.25 on February 9, 2018. AAPL lost 29.85 points, or 16.57%, in 22 days. The price is now at the 20.64% retracement level.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 23, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (20.56%) is close to one year high (17.11%). It is 165.40% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See AAPL candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.39
Williams' Percentage Range (W%R) 77.10
Lane's Stochastic (%D-Slow) 23.37
Greed/Fear Indicator (GFI) 23.20
Moving Average Converg./Diverg. (MACD) -2.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.55
Williams' Percentage Range (W%R) 74.40
Lane's Stochastic (%D-Slow) 50.78
Greed/Fear Indicator (GFI) 39.10
Moving Average Converg./Diverg. (MACD) 6.21
Trading Signals
Description Value Chart
Upper Bollinger Band 182.30
50 Day Moving Average 171.04
20 Day Moving Average 169.11
Weekly Stochastic Crossing 163.44
Parabolic System 160.02
Yearly Trendline Support 159.62
Price 156.41
Daily Stochastic Crossing 155.51
Lower Bollinger Band 150.13
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Personal Computers 27
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 180.10
High Date 01/18/2018
Low 150.25
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 180.10
High Date 01/18/2018
Low 150.25
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 180.10
High Date 01/18/2018
Low 150.25
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 180.10
High Date 01/18/2018
Low 150.25
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 190.46
Support 159.62
Low 89.47
Low Date 05/12/2016
High 180.10
High Date 01/18/2018
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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