Alliance Data Systems
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|It was the negative week for the Alliance Data Systems (ADS). During the week, the ADS dropped -9.24 points, or -3.70%, and closed at 240.67 on Friday, February 09, 2018. Weekly volume was 57% above average. |
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 216.79 and resistance is at 247.79. 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 217.81 and resistance is at 294.75. 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 above its signal line since November 24, 2017. This is an indication that the medium-term trend is up. 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 12, 2018 at 278.33 and reached 232.69 on February 9, 2018. ADS lost 45.64 points, or 16.40%, in 28 days. The price is now at the 17.48% retracement level.
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 16, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price 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.