The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Pennant
Number of records: 1
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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

Alliance Data Systems
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Summary:
Weekly :
Daily :20 Day Moving Average has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.20
Williams' Percentage Range (W%R) 35.20
Lane's Stochastic (%D-Slow) 57.72
Greed/Fear Indicator (GFI) 60.92
Moving Average Converg./Diverg. (MACD) 1.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.94
Williams' Percentage Range (W%R) 43.10
Lane's Stochastic (%D-Slow) 50.52
Greed/Fear Indicator (GFI) 54.15
Moving Average Converg./Diverg. (MACD) -3.35
Trading Signals
Description Value Chart
Upper Bollinger Band 240.52
Daily Stochastic Crossing 234.30
Price 233.05
Weekly Stochastic Crossing 229.68
Parabolic System 228.62
50 Day Moving Average 228.40
20 Day Moving Average 228.10
Lower Bollinger Band 219.16
Quarterly Trendline Support 214.61
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Information/Delivery Svcs 34
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 244.43
High Date 10/23/2017
Low 217.08
Low Date 11/21/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 209.00
Low Date 09/20/2017
High 244.43
High Date 10/23/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 266.25
High Date 04/21/2017
Low 209.00
Low Date 09/20/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 288.85
Support 214.61
Low 176.63
Low Date 02/09/2016
High 266.25
High Date 04/21/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 312.00
High Date 04/23/2015
Low 176.63
Low Date 02/09/2016
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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