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Weekly 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
Archive
- 12/1/2017
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Autodesk, Inc.
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Summary:
Weekly :Stochastic has declined below the signal lineWeekly  MACD line has moved below its signal lineBroken trend resistance lineWilliams' Percentage Range is oversoldBroken trend support line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageBroken trend support lineThe period of high volatility of the stock price
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It was the negative week for the Autodesk, Inc. (ADSK). During the week, the ADSK dropped -22.44 points, or -17.33%, and closed at 107.06 on Friday, December 01, 2017. Weekly volume was 304% above average.

Long-term trend: [See ADSK long-term trend chart]
A long-term uptrend had started on March 2, 2009 at 11.70 and reached 131.10 on November 28, 2017. ADSK gained -119.40 points, or -1020.51%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (49.61) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See ADSK medium-term trend chart]
A medium-term uptrend had started on February 9, 2016 at 41.60 and reached 131.10 on November 28, 2017. ADSK gained -89.50 points, or -215.14%, in 94 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (120.97) 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. ADSK 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 ADSK weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See ADSK short-term trend chart]
A short-term uptrend had started on July 5, 2017 at 99.22 and reached 131.10 on November 28, 2017. ADSK gained -31.88 points, or -32.13%, in 146 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (117.85) 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. ADSK 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 short-term trend.

Daily Technical Indicators: [See ADSK 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 main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands is 128.23% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.06
Williams' Percentage Range (W%R) 89.50
Oversold
Lane's Stochastic (%D-Slow) 41.76
Greed/Fear Indicator (GFI) 26.44
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.81
Williams' Percentage Range (W%R) 84.70
Oversold
Lane's Stochastic (%D-Slow) 81.71
Overbought
Greed/Fear Indicator (GFI) 47.37
Moving Average Converg./Diverg. (MACD) 6.87
Trading Signals
Description Value Chart
Upper Bollinger Band 134.51
Parabolic System 130.24
Weekly Stochastic Crossing 125.71
20 Day Moving Average 123.30
Monthly Trendline Support 121.62
Quarterly Trendline Support 120.97
50 Day Moving Average 119.94
Weekly Trendline Support 117.85
Daily Stochastic Crossing 113.47
Lower Bollinger Band 108.28
Price 107.06
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Technical/System Software 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 131.10
High Date 11/28/2017
Low 106.20
Low Date 11/29/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 130.80
Support 117.85
Low 99.22
Low Date 07/05/2017
High 131.10
High Date 11/28/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 131.29
Support 121.62
Low 49.82
Low Date 06/27/2016
High 131.10
High Date 11/28/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 134.80
Support 120.97
Low 41.60
Low Date 02/09/2016
High 131.10
High Date 11/28/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 74.30
Support 49.61
Low 11.70
Low Date 03/02/2009
High 131.10
High Date 11/28/2017
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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