The Greedy Trader Weekly Analysis
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Yearly 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
- 2/9/2018
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Autodesk, Inc.
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :Price is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the Autodesk, Inc. (ADSK). During the week, the ADSK dropped -5.70 points, or -5.11%, and closed at 105.94 on Friday, February 09, 2018. Weekly volume was 44% 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 (50.41) 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 Broadening Ascending Wedge chart pattern. The trend support level is at 84.84 and resistance is at 139.66. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern 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. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 24, 2017. Use the following link to access a MACD help.

Short-term trend: [See ADSK short-term trend chart]
A short-term downtrend had started on January 24, 2018 at 119.24 and reached 101.58 on February 9, 2018. ADSK lost 17.66 points, or 14.81%, in 16 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ADSK daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since February 1, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.11
Williams' Percentage Range (W%R) 76.00
Lane's Stochastic (%D-Slow) 25.28
Greed/Fear Indicator (GFI) 25.78
Moving Average Converg./Diverg. (MACD) 0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.08
Williams' Percentage Range (W%R) 85.70
Oversold
Lane's Stochastic (%D-Slow) 40.35
Greed/Fear Indicator (GFI) 31.84
Moving Average Converg./Diverg. (MACD) 2.62 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 119.36
20 Day Moving Average 113.69
Parabolic System 111.67
50 Day Moving Average 110.08
Weekly Stochastic Crossing 109.12
Daily Stochastic Crossing 106.67
Price 105.94
Lower Bollinger Band 104.40
Quarterly Trendline Support 84.84
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Technical/System Software 13
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 118.85
High Date 01/26/2018
Low 101.58
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.24
High Date 01/24/2018
Low 101.58
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.10
High Date 11/28/2017
Low 101.58
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 139.66
Support 84.84
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 75.10
Support 50.41
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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