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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
- 10/5/2018
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Adobe Systems
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Adobe Systems (ADBE). During the week, the ADBE dropped -6.73 points, or -2.49%, and closed at 263.22 on Friday, October 05, 2018. Weekly volume was 16% 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 277.61 on September 14, 2018. ADBE gained -261.91 points, or -1668.22%, in 498 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (48.16) 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 277.61 on September 14, 2018. ADBE gained -254.94 points, or -1124.57%, in 370 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (112.16) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since June 29, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 5, 2017 at 165.68 and reached 277.61 on September 14, 2018. ADBE gained -111.93 points, or -67.56%, in 283 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (273.02) 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 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 October 3, 2018. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below 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) 44.05
Williams' Percentage Range (W%R) 66.50
Lane's Stochastic (%D-Slow) 59.13
Greed/Fear Indicator (GFI) 45.57
Moving Average Converg./Diverg. (MACD) 2.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.50
Williams' Percentage Range (W%R) 31.90
Lane's Stochastic (%D-Slow) 76.05
Greed/Fear Indicator (GFI) 65.49
Moving Average Converg./Diverg. (MACD) 14.33
Trading Signals
Description Value Chart
Weekly Trendline Resistance 294.26
Parabolic System 276.55
Upper Bollinger Band 273.91
Weekly Trendline Support 273.02
Weekly Stochastic Crossing 269.89
20 Day Moving Average 267.98
Daily Stochastic Crossing 267.76
Price 263.22
50 Day Moving Average 260.42
Lower Bollinger Band 259.30
Monthly Trendline Resistance 224.59
Monthly Trendline Support 219.08
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Application Software 110
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 240.10
Low Date 07/30/2018
High 277.61
High Date 09/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 294.26
Support 273.02
Low 165.68
Low Date 12/05/2017
High 277.61
High Date 09/14/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 224.59
Support 219.08
Low 71.27
Low Date 02/08/2016
High 277.61
High Date 09/14/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 125.64
Support 112.16
Low 22.67
Low Date 08/11/2011
High 277.61
High Date 09/14/2018
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 24.29
Support 48.16
Low 15.70
Low Date 02/27/2009
High 277.61
High Date 09/14/2018
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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