The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Pennant
Number of records: 2
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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 :Weekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldPrice is near the Fibonacci 23.6% retracement levelBroken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageRelative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal lineLane's Stochastic bullish divergence
Move cursor over the icon to see details.

It was the negative week for the Alliance Data Systems (ADS). During the week, the ADS dropped -17.81 points, or -7.70%, and closed at 213.52 on Friday, October 12, 2018. ADS was trading at average weekly trading volume.

Long-term trend: [See ADS long-term trend chart]
A long-term downtrend had started on January 12, 2018 at 278.33 and reached 192.02 on May 4, 2018. ADS lost 86.31 points, or 31.01%, in 16 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See ADS medium-term trend chart]
A medium-term uptrend had started on May 4, 2018 at 192.02 and reached 250.27 on September 21, 2018. ADS gained -58.25 points, or -30.34%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (243.82) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADS may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

Weekly Technical Indicators: [See ADS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 September 21, 2018 at 250.27 and reached 210.34 on October 11, 2018. ADS lost 39.93 points, or 15.95%, in 20 days. The price is now at the 7.96% retracement level.

Daily Technical Indicators: [See ADS daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since September 25, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

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) 15.41
Oversold
Williams' Percentage Range (W%R) 87.10
Oversold
Lane's Stochastic (%D-Slow) 8.32
Strong Oversold Bullish
Greed/Fear Indicator (GFI) 12.22
Oversold
Moving Average Converg./Diverg. (MACD) -2.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.29
Williams' Percentage Range (W%R) 84.00
Oversold
Lane's Stochastic (%D-Slow) 58.02
Greed/Fear Indicator (GFI) 39.57
Moving Average Converg./Diverg. (MACD) 2.28
Trading Signals
Description Value Chart
Upper Bollinger Band 252.71
Monthly Trendline Resistance 251.50
Monthly Trendline Support 243.82
50 Day Moving Average 235.95
20 Day Moving Average 235.72
Weekly Stochastic Crossing 231.11
Parabolic System 225.91
Price 213.52
Daily Stochastic Crossing 212.19
Lower Bollinger Band 210.08
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Information/Delivery Svcs 93
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 238.29
High Date 10/04/2018
Low 210.34
Low Date 10/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 250.27
High Date 09/21/2018
Low 210.34
Low Date 10/11/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 251.50
Support 243.82
Low 192.02
Low Date 05/04/2018
High 250.27
High Date 09/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 278.33
High Date 01/12/2018
Low 192.02
Low Date 05/04/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 176.63
Low Date 02/09/2016
High 278.33
High Date 01/12/2018
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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