The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 15
Symbol:  

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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
Aetna Inc. (New)
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance line
Daily :Price is near the Fibonacci 38.2% retracement levelThe 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 for the Aetna Inc. (New) (AET). During the week, the AET gained 2.71 points, or 1.48%, and closed at 186.21 on Friday, July 06, 2018. Weekly volume was -21% below average.

AET is a member of Healthcare Sector. Healthcare 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 AET long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 14.21 and reached 194.40 on January 29, 2018. AET gained -180.19 points, or -1268.05%, in 479 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (79.79) 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 AET medium-term trend chart]
A medium-term uptrend had started on May 11, 2018 at 169.10 and reached 191.50 on June 22, 2018. AET gained -22.40 points, or -13.25%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 182.90 and resistance is at 196.62. 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 AET weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since June 8, 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 AET short-term trend chart]
A short-term downtrend had started on June 22, 2018 at 191.50 and reached 183.01 on June 28, 2018. AET lost 8.49 points, or 4.43%, in 6 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since June 27, 2018. This is an indication that the short-term trend is down.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.41
Williams' Percentage Range (W%R) 52.50
Lane's Stochastic (%D-Slow) 25.42
Greed/Fear Indicator (GFI) 38.43
Moving Average Converg./Diverg. (MACD) 2.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.82
Williams' Percentage Range (W%R) 26.40
Lane's Stochastic (%D-Slow) 83.99
Overbought
Greed/Fear Indicator (GFI) 72.40
Moving Average Converg./Diverg. (MACD) 2.82
Trading Signals
Description Value Chart
Weekly Trendline Resistance 196.62
Upper Bollinger Band 191.15
Weekly Stochastic Crossing 188.54
Parabolic System 188.39
20 Day Moving Average 186.63
Price 186.21
Daily Stochastic Crossing 185.18
Weekly Trendline Support 182.90
50 Day Moving Average 180.41
Lower Bollinger Band 179.19
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Health Care Plans 136
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 191.50
High Date 06/22/2018
Low 183.01
Low Date 06/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 196.62
Support 182.90
Low 169.10
Low Date 05/11/2018
High 191.50
High Date 06/22/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 166.89
Low Date 04/02/2018
High 191.50
High Date 06/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.42
Low Date 02/09/2016
High 194.40
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 90.73
Support 79.79
Low 14.21
Low Date 11/21/2008
High 194.40
High Date 01/29/2018
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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