The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 10
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
Adobe Systems
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a second consecutive positive week for the Adobe Systems (ADBE). During the week, the ADBE gained 13.37 points, or 5.85%, and closed at 241.88 on Friday, May 11, 2018. It was the best weekly gain since February 16, 2018. Weekly volume was -14% below average.

ADBE is a member of Technology Sector. Technology is the second 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 ADBE long-term trend chart]
A long-term uptrend had started on February 27, 2009 at 15.70 and reached 241.93 on May 11, 2018. ADBE gained -226.23 points, or -1440.96%, in 480 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (46.84) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 ADBE medium-term trend chart]
A medium-term uptrend had started on August 11, 2011 at 22.67 and reached 241.93 on May 11, 2018. ADBE gained -219.26 points, or -967.18%, in 352 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (107.01) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 ADBE weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since January 5, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See ADBE short-term trend chart]
A short-term uptrend had started on April 25, 2018 at 213.25 and reached 241.93 on May 11, 2018. ADBE gained -28.68 points, or -13.45%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See ADBE daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic.

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) 71.19
Williams' Percentage Range (W%R) 3.10
Strong Overbought
Lane's Stochastic (%D-Slow) 97.07
Strong Overbought
Greed/Fear Indicator (GFI) 88.37
Overbought
Moving Average Converg./Diverg. (MACD) 3.00
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.90
Williams' Percentage Range (W%R) 1.30
Strong Overbought
Lane's Stochastic (%D-Slow) 81.18
Overbought
Greed/Fear Indicator (GFI) 80.36
Overbought
Moving Average Converg./Diverg. (MACD) 15.36
Trading Signals
Description Value Chart
Upper Bollinger Band 242.91
Price 241.88
Daily Stochastic Crossing 241.50
Weekly Stochastic Crossing 235.04
20 Day Moving Average 227.78
Parabolic System 227.59
50 Day Moving Average 222.92
Lower Bollinger Band 214.77
Monthly Trendline Resistance 202.06
Monthly Trendline Support 196.56
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Application Software 145
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 213.25
Low Date 04/25/2018
High 241.93
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 165.68
Low Date 12/05/2017
High 241.93
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 202.06
Support 196.56
Low 71.27
Low Date 02/08/2016
High 241.93
High Date 05/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 120.49
Support 107.01
Low 22.67
Low Date 08/11/2011
High 241.93
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 24.93
Support 46.84
Low 15.70
Low Date 02/27/2009
High 241.93
High Date 05/11/2018
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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