The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rising Channel
Number of records: 15
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Alliance Data Systems
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Summary:
Weekly :Overbought sectorLane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement levelBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.35
Williams' Percentage Range (W%R) 3.20
Strong Overbought
Lane's Stochastic (%D-Slow) 91.15
Strong Overbought
Greed/Fear Indicator (GFI) 83.45
Overbought
Moving Average Converg./Diverg. (MACD) -2.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.97
Williams' Percentage Range (W%R) 78.00
Lane's Stochastic (%D-Slow) 18.63
Oversold
Greed/Fear Indicator (GFI) 27.08
Moving Average Converg./Diverg. (MACD) -5.68
Trading Signals
Description Value Chart
Upper Bollinger Band 215.75
50 Day Moving Average 212.28
Daily Stochastic Crossing 210.61
Price 210.09
20 Day Moving Average 204.50
Parabolic System 203.36
Quarterly Trendline Resistance 200.90
Lower Bollinger Band 198.28
Weekly Stochastic Crossing 198.10
Quarterly Trendline Support 181.29
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Information/Delivery Svcs 18
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 192.02
Low Date 05/04/2018
High 211.61
High Date 05/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 192.02
Low Date 05/04/2018
High 211.61
High Date 05/17/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 192.02
Low Date 05/04/2018
High 211.61
High Date 05/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 200.90
Support 181.29
High 278.33
High Date 01/12/2018
Low 192.02
Low Date 05/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 312.00
High Date 04/23/2015
Low 176.63
Low Date 02/09/2016
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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