Alliance Data Systems
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|It was a second consecutive positive week for the Alliance Data Systems (ADS). During the week, the ADS climbed 0.57 points, or 0.25%, and closed at 228.16 on Friday, August 10, 2018. Weekly volume was -61% below average. |
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. The price is now at the 41.87% retracement 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 245.93 on July 9, 2018. ADS gained -53.91 points, or -28.08%, in 9 weeks. The price is now at the 32.96% 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 June 8, 2018. 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 July 9, 2018 at 245.93 and reached 216.07 on July 19, 2018. ADS lost 29.86 points, or 12.14%, in 10 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 227.33 and resistance is at 229.41. 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 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 July 13, 2018. 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.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.