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Quarterly 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
- 12/8/2017
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Adobe Systems
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance lineBroken trend resistance line
Daily :
Move cursor over the icon to see details.

It was the negative week for the Adobe Systems (ADBE). During the week, the ADBE dropped -5.95 points, or -3.31%, and closed at 173.57 on Friday, December 08, 2017. It was the worst weekly loss since September 22, 2017. Weekly volume was 63% above average.

Long-term trend: [See ADBE long-term trend chart]
A long-term uptrend had started on February 27, 2009 at 15.70 and reached 186.27 on November 28, 2017. ADBE gained -170.57 points, or -1086.43%, in 456 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (45.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 186.27 on November 28, 2017. ADBE gained -163.60 points, or -721.66%, in 328 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (101.72) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 weekly MACD line is above its signal line since October 20, 2017. This is an indication that the medium-term trend is up. 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 December 2, 2016 at 98.00 and reached 186.27 on November 28, 2017. ADBE gained -88.27 points, or -90.07%, in 361 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 157.12 and resistance is at 178.59. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

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

The daily MACD line is below its signal line since November 10, 2017.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.39
Williams' Percentage Range (W%R) 44.60
Lane's Stochastic (%D-Slow) 25.77
Greed/Fear Indicator (GFI) 40.18
Moving Average Converg./Diverg. (MACD) 1.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.79
Williams' Percentage Range (W%R) 21.70
Lane's Stochastic (%D-Slow) 87.13
Overbought
Greed/Fear Indicator (GFI) 74.23
Moving Average Converg./Diverg. (MACD) 10.11
Trading Signals
Description Value Chart
Upper Bollinger Band 187.07
Weekly Stochastic Crossing 180.48
Parabolic System 179.49
20 Day Moving Average 179.46
Weekly Trendline Resistance 178.59
Price 173.57
Daily Stochastic Crossing 171.81
50 Day Moving Average 170.71
Lower Bollinger Band 166.45
Weekly Trendline Support 157.12
Monthly Trendline Resistance 145.94
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Application Software 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 186.27
High Date 11/28/2017
Low 165.68
Low Date 12/05/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 178.59
Support 157.12
Low 98.00
Low Date 12/02/2016
High 186.27
High Date 11/28/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 145.94
Support 127.05
Low 71.27
Low Date 02/08/2016
High 186.27
High Date 11/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 115.20
Support 101.72
Low 22.67
Low Date 08/11/2011
High 186.27
High Date 11/28/2017
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 25.59
Support 45.48
Low 15.70
Low Date 02/27/2009
High 186.27
High Date 11/28/2017
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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