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 2.04 points, or 0.98%, and closed at 210.09 on Friday, May 18, 2018. Weekly volume was 7% above average. |
ADS is a member of Technology Sector. Technology is the second 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. 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 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 chart has formed a Falling Channel chart pattern. The downtrend resistance line (181.29) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ADS may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
Weekly Technical Indicators: [See ADS weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 Lane's Stochastic help.
The weekly MACD line is below its signal line since February 23, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See ADS short-term trend chart]
A short-term uptrend had started on May 4, 2018 at 192.02 and reached 211.61 on May 17, 2018. ADS gained -19.59 points, or -10.20%, in 13 days. The price is now at the 7.76% retracement level.
Daily Technical Indicators: [See ADS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since May 7, 2018. This is an indication that the short-term trend is up.