The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rising Channel
Number of records: 5
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
Analog Devices
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Summary:
Weekly :Broken trend resistance lineStochastic signal line moved above oversold areaPrice is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Move cursor over the icon to see details.

It was a second positive week after 5 consecutive negative weeks for the Analog Devices (ADI). During the week, the ADI climbed 0.41 points, or 0.47%, and closed at 87.59 on Friday, November 09, 2018. Weekly volume was -15% below 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 103.59 on June 7, 2018. ADI gained -88.30 points, or -577.50%, in 495 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (67.81) 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 June 7, 2018 at 103.59 and reached 76.62 on October 26, 2018. ADI lost 26.97 points, or 26.04%, in 20 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See ADI weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since July 27, 2018. This is an indication that the medium-term trend is down. 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 October 26, 2018 at 76.62 and reached 90.08 on November 8, 2018. ADI gained -13.46 points, or -17.57%, in 13 days. The price is now at the 18.50% retracement level.

Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since October 29, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.09
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 87.49
Overbought
Greed/Fear Indicator (GFI) 81.32
Overbought
Moving Average Converg./Diverg. (MACD) -1.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.41
Williams' Percentage Range (W%R) 48.10
Lane's Stochastic (%D-Slow) 21.94
Greed/Fear Indicator (GFI) 39.68
Moving Average Converg./Diverg. (MACD) -0.72
Trading Signals
Description Value Chart
Upper Bollinger Band 92.74
Daily Stochastic Crossing 89.34
50 Day Moving Average 88.84
Price 87.59
Parabolic System 84.73
20 Day Moving Average 84.19
Weekly Stochastic Crossing 81.59
Lower Bollinger Band 79.27
Yearly Trendline Resistance 77.39
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Semiconductor-Broad Line 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 90.08
High Date 11/08/2018
Low 87.01
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.62
Low Date 10/26/2018
High 90.08
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 103.59
High Date 06/07/2018
Low 76.62
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.24
Low Date 01/15/2016
High 103.59
High Date 06/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 77.39
Support 67.81
Low 15.29
Low Date 12/05/2008
High 103.59
High Date 06/07/2018
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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