Alliance Data Systems
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|It was a first positive week for the Alliance Data Systems (ADS). During the week, the ADS gained 6.47 points, or 2.78%, and closed at 239.19 on Friday, March 09, 2018. It was the best weekly gain since January 12, 2018. Weekly volume was -13% below average. |
ADS is a member of Technology Sector. Technology is the 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 ADS long-term trend chart]
A long-term downtrend had started on April 23, 2015 at 312.00 and reached 176.63 on February 9, 2016. ADS lost 135.37 points, or 43.39%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 218.31 and resistance is at 246.06. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
Medium-term trend: [See ADS medium-term trend chart]
A medium-term uptrend had started on February 9, 2016 at 176.63 and reached 278.33 on January 12, 2018. ADS gained -101.70 points, or -57.58%, in 100 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 219.25 and resistance is at 297.41. 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 medium-term trend.
Weekly Technical Indicators: [See ADS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 23, 2018. 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 February 15, 2018 at 250.93 and reached 229.95 on March 2, 2018. ADS lost 20.98 points, or 8.36%, in 15 days. The price is now at the 44.04% retracement level.
Daily Technical Indicators: [See ADS daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.