Alliance Data Systems
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|It was the negative week for the Alliance Data Systems (ADS). During the week, the ADS gave back -0.98 points, or -0.42%, and closed at 233.05 on Friday, December 08, 2017. Weekly volume was -30% below average. |
Long-term trend: [See ADS long-term trend chart]
A long-term uptrend had started on February 9, 2016 at 176.63 and reached 266.25 on April 21, 2017. ADS gained -89.62 points, or -50.74%, in 62 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 214.61 and resistance is at 288.85. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
Medium-term trend: [See ADS medium-term trend chart]
A medium-term downtrend had started on April 21, 2017 at 266.25 and reached 209.00 on September 20, 2017. ADS lost 57.25 points, or 21.50%, in 21 weeks. The price is now at the 42.01% retracement level.
Weekly Technical Indicators: [See ADS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 24, 2017. 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 ADS short-term trend chart]
A short-term downtrend had started on October 23, 2017 at 244.43 and reached 217.08 on November 21, 2017. ADS lost 27.35 points, or 11.19%, in 29 days. The chart has formed a Falling Wedge chart pattern.
Daily Technical Indicators: [See ADS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 28, 2017. The distance between MACD and the signal line is low and getting smaller.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.