The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.
A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
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Alliance Data Systems (ADS)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :A Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed below the 50 Day Moving Average
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It was the negative week for the Alliance Data Systems (ADS). During the week, the ADS dropped -3.09 points, or -2.92%, and closed at 102.83 on Friday, February 14, 2020. Weekly volume was -50% 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 January 12, 2018 at 278.33 and reached 99.20 on October 31, 2019. ADS lost 179.13 points, or 64.36%, in 93 weeks. Price is near the trend low.

Medium-term trend: [See ADS medium-term trend chart]
A medium-term downtrend had started on September 21, 2018 at 250.27 and reached 99.20 on October 31, 2019. ADS lost 151.07 points, or 60.36%, in 57 weeks. Price is near the trend low.

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.

The weekly MACD line is above its signal line since December 13, 2019. 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 January 16, 2020 at 115.62 and reached 100.15 on February 3, 2020. ADS lost 15.47 points, or 13.38%, in 18 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 93.09 and resistance is at 104.20. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ADS daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since January 21, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (101.88) comes close to the price (102.83). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

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) 44.53
Williams' Percentage Range (W%R) 77.30
Lane's Stochastic (%D-Slow) 36.21
Greed/Fear Indicator (GFI) 34.47
Moving Average Converg./Diverg. (MACD) -1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.83
Williams' Percentage Range (W%R) 86.70
Oversold
Lane's Stochastic (%D-Slow) 49.11
Greed/Fear Indicator (GFI) 37.02
Moving Average Converg./Diverg. (MACD) -10.01
Trading Signals
Description Value Chart
Upper Bollinger Band 113.05
50 Day Moving Average 108.43
20 Day Moving Average 106.43
Weekly Stochastic Crossing 106.30
Daily Stochastic Crossing 104.78
Weekly Trendline Resistance 104.20
Price 102.83
Parabolic System 101.88
Lower Bollinger Band 99.02
Weekly Trendline Support 93.09
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Information/Delivery Svcs 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 108.50
High Date 02/05/2020
Low 102.58
Low Date 02/13/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 104.20
Support 93.09
High 115.62
High Date 01/16/2020
Low 100.15
Low Date 02/03/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 250.27
High Date 09/21/2018
Low 99.20
Low Date 10/31/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 278.33
High Date 01/12/2018
Low 99.20
Low Date 10/31/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 312.00
High Date 04/23/2015
Low 99.20
Low Date 10/31/2019
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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