The Greedy Trader Weekly Analysis
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Alliance Data Systems (ADS)

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
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It was a first positive week after 3 consecutive negative weeks for the Alliance Data Systems (ADS). During the week, the ADS gained 0.83 points, or 1.94%, and closed at 43.70 on Thursday, July 2, 2020. Weekly volume was -27% below average.

ADS is a member of Information Technology Sector. Information 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 September 21, 2018 at 250.27 and reached 20.51 on March 19, 2020. ADS lost 229.76 points, or 91.80%, in 77 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (72.65) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a long-term trend.

Medium-term trend: [See ADS medium-term trend chart]
A medium-term uptrend had started on March 19, 2020 at 20.51 and reached 66.28 on June 8, 2020. ADS gained -45.77 points, or -223.16%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (48.86) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADS may retest the broken support line. It is considered to be a resistance 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 support 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 May 22, 2020. 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 June 8, 2020 at 66.28 and reached 42.42 on June 26, 2020. ADS lost 23.86 points, or 36.00%, in 18 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See ADS daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since June 11, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.21
Williams' Percentage Range (W%R) 88.30
Oversold
Lane's Stochastic (%D-Slow) 20.60
Greed/Fear Indicator (GFI) 21.15
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.43
Williams' Percentage Range (W%R) 71.40
Lane's Stochastic (%D-Slow) 57.64
Greed/Fear Indicator (GFI) 46.23
Moving Average Converg./Diverg. (MACD) -17.29
Trading Signals
Description Value Chart
Upper Bollinger Band 60.45
Weekly Stochastic Crossing 50.93
20 Day Moving Average 50.28
Weekly Trendline Support 48.86
50 Day Moving Average 47.51
Parabolic System 47.30
Daily Stochastic Crossing 44.00
Price 43.70
Lower Bollinger Band 34.60
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Data Processing & Outsourced Services 90
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 66.28
High Date 06/08/2020
Low 42.42
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 73.29
Support 48.86
Low 20.51
Low Date 03/19/2020
High 66.28
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 75.19
Support 72.65
High 250.27
High Date 09/21/2018
Low 20.51
Low Date 03/19/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 278.33
High Date 01/12/2018
Low 20.51
Low Date 03/19/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 312.00
High Date 04/23/2015
Low 20.51
Low Date 03/19/2020
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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