The Greedy Trader Weekly Analysis
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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
Analog Devices
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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Move cursor over the icon to see details.

It was a third consecutive positive week for the Analog Devices (ADI). During the week, the ADI gained 2.28 points, or 2.46%, and closed at 94.88 on Friday, May 18, 2018. Weekly volume was -13% below average.

ADI 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 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 (65.40) 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 downtrend had started on March 13, 2018 at 96.85 and reached 86.03 on April 30, 2018. ADI lost 10.82 points, or 11.17%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (85.54) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ADI may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

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

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ADI short-term trend chart]
A short-term uptrend had started on April 30, 2018 at 86.03 and reached 95.57 on May 18, 2018. ADI gained -9.54 points, or -11.09%, in 18 days. The price is now at the 7.23% retracement level.

Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 4, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.77
Overbought
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 91.01
Strong Overbought
Greed/Fear Indicator (GFI) 87.89
Overbought
Moving Average Converg./Diverg. (MACD) 0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.87
Williams' Percentage Range (W%R) 21.10
Lane's Stochastic (%D-Slow) 49.09
Greed/Fear Indicator (GFI) 60.81
Moving Average Converg./Diverg. (MACD) 1.48
Trading Signals
Description Value Chart
Upper Bollinger Band 97.58
Daily Stochastic Crossing 95.23
Price 94.88
Weekly Trendline Resistance 93.60
Parabolic System 93.39
50 Day Moving Average 91.41
20 Day Moving Average 90.75
Weekly Stochastic Crossing 90.27
Lower Bollinger Band 86.53
Weekly Trendline Support 85.54
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Semiconductor-Broad Line 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 86.03
Low Date 04/30/2018
High 95.57
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 93.60
Support 85.54
High 96.85
High Date 03/13/2018
Low 86.03
Low Date 04/30/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 Uptrend
Status
Resistance
Support
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 74.98
Support 65.40
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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