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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
- 2/9/2018
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Analog Devices
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Summary:
Weekly :Lane's Stochastic bearish divergenceWeekly  MACD line has moved below its signal lineBroken trend resistance lineWilliams' Percentage Range is oversoldBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineLane's Stochastic bullish divergenceBullish Harami CandlestickThe Bollinger Bands are historically far apart
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It was the negative week for the Analog Devices (ADI). During the week, the ADI dropped -5.18 points, or -5.81%, and closed at 83.93 on Friday, February 09, 2018. Weekly volume was 67% above average.

Long-term trend: [See ADI long-term trend chart]
A long-term uptrend had started on December 5, 2008 at 15.29 and reached 98.38 on January 18, 2018. ADI gained -83.09 points, or -543.43%, in 475 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (64.05) 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 ADI medium-term trend chart]
A medium-term uptrend had started on January 15, 2016 at 47.24 and reached 98.38 on January 18, 2018. ADI gained -51.14 points, or -108.26%, in 104 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (96.75) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADI may retest the broken support line. It is considered to be a resistance line now. 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 ADI 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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See ADI short-term trend chart]
A short-term downtrend had started on January 18, 2018 at 98.38 and reached 80.95 on February 9, 2018. ADI lost 17.43 points, or 17.72%, in 22 days. The price is now at the 17.10% retracement level.

Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence.

The daily MACD line is below its signal line since January 25, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (20.64%) is close to one year high (13.99%). It is 153.92% 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.

Candlestick pattern: [See ADI candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.43
Williams' Percentage Range (W%R) 83.00
Oversold
Lane's Stochastic (%D-Slow) 17.66
Oversold Bullish
Greed/Fear Indicator (GFI) 20.02
Moving Average Converg./Diverg. (MACD) -0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.30
Williams' Percentage Range (W%R) 83.00
Oversold
Lane's Stochastic (%D-Slow) 62.07
Bearish
Greed/Fear Indicator (GFI) 41.41
Moving Average Converg./Diverg. (MACD) 2.66
Trading Signals
Description Value Chart
Upper Bollinger Band 98.20
Quarterly Trendline Support 96.75
20 Day Moving Average 91.61
Weekly Stochastic Crossing 91.25
50 Day Moving Average 89.45
Parabolic System 87.61
Monthly Trendline Support 86.87
Price 83.93
Daily Stochastic Crossing 83.50
Lower Bollinger Band 80.87
Yearly Trendline Resistance 73.63
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Semiconductor-Broad Line 41
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 98.38
High Date 01/18/2018
Low 80.95
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.59
Low Date 12/01/2017
High 98.38
High Date 01/18/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 100.75
Support 86.87
Low 76.07
Low Date 07/03/2017
High 98.38
High Date 01/18/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 101.78
Support 96.75
Low 47.24
Low Date 01/15/2016
High 98.38
High Date 01/18/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 73.63
Support 64.05
Low 15.29
Low Date 12/05/2008
High 98.38
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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