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
- 10/5/2018
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American Electric Power
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Summary:
Weekly :Broken trend support line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the American Electric Power (AEP). During the week, the AEP gained 0.99 points, or 1.40%, and closed at 71.87 on Friday, October 05, 2018. It was the best weekly gain since August 17, 2018. Weekly volume was -6% below average.

Long-term trend: [See AEP long-term trend chart]
A long-term uptrend had started on March 31, 2009 at 24.00 and reached 78.07 on December 4, 2017. AEP gained -54.07 points, or -225.29%, in 452 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (72.65) is broken. A broken support is considered to be a long-term bearish signal. 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 AEP medium-term trend chart]
A medium-term uptrend had started on June 11, 2018 at 62.71 and reached 73.74 on September 11, 2018. AEP gained -11.03 points, or -17.59%, in 13 weeks. The price is now at the 16.95% retracement level.

Weekly Technical Indicators: [See AEP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since June 22, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AEP short-term trend chart]
A short-term uptrend had started on September 26, 2018 at 68.92 and reached 72.11 on October 5, 2018. AEP gained -3.19 points, or -4.63%, in 9 days. The price is now at the 7.52% retracement level.

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

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

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 45.27
Williams' Percentage Range (W%R) 66.00
Lane's Stochastic (%D-Slow) 65.71
Greed/Fear Indicator (GFI) 48.34
Moving Average Converg./Diverg. (MACD) -0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.70
Williams' Percentage Range (W%R) 28.80
Lane's Stochastic (%D-Slow) 61.62
Greed/Fear Indicator (GFI) 61.81
Moving Average Converg./Diverg. (MACD) 0.60
Trading Signals
Description Value Chart
Yearly Trendline Resistance 75.73
Upper Bollinger Band 73.59
Yearly Trendline Support 72.65
Price 71.87
Weekly Stochastic Crossing 71.58
50 Day Moving Average 71.46
20 Day Moving Average 71.41
Daily Stochastic Crossing 71.12
Parabolic System 69.37
Lower Bollinger Band 68.73
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Electric Utilities 103
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 68.92
Low Date 09/26/2018
High 72.11
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.74
High Date 09/11/2018
Low 68.92
Low Date 09/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.71
Low Date 06/11/2018
High 73.74
High Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.07
High Date 12/04/2017
Low 62.71
Low Date 06/11/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 75.73
Support 72.65
Low 24.00
Low Date 03/31/2009
High 78.07
High Date 12/04/2017
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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