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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
- 12/8/2017
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Aetna Inc. (New)
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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBroken trend resistance lineThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a third positive week after 3 consecutive negative weeks for the Aetna Inc. (New) (AET). During the week, the AET climbed 1.42 points, or 0.78%, and closed at 182.73 on Friday, December 08, 2017. Weekly volume was 280% above average.

AET is a member of Healthcare Sector. Healthcare is the most oversold 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 192.37 on November 30, 2017. AET gained -178.16 points, or -1253.76%, in 470 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (75.96) 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 February 9, 2016 at 92.42 and reached 192.37 on November 30, 2017. AET gained -99.95 points, or -108.15%, in 94 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (140.30) 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 medium-term trend.

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

The weekly MACD line is above its signal line since October 27, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AET short-term trend chart]
A short-term uptrend had started on January 30, 2017 at 116.04 and reached 192.37 on November 30, 2017. AET gained -76.33 points, or -65.78%, in 304 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (164.12) 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 short-term trend.

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

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 touches the upper Bollinger Band. 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) 79.65
Williams' Percentage Range (W%R) 58.80
Lane's Stochastic (%D-Slow) 27.00
Greed/Fear Indicator (GFI) 49.28
Moving Average Converg./Diverg. (MACD) 3.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.29
Williams' Percentage Range (W%R) 30.60
Lane's Stochastic (%D-Slow) 72.17
Greed/Fear Indicator (GFI) 66.80
Moving Average Converg./Diverg. (MACD) 7.56
Trading Signals
Description Value Chart
Parabolic System 191.34
Upper Bollinger Band 182.99
Price 182.73
Daily Stochastic Crossing 181.04
Weekly Stochastic Crossing 180.31
Monthly Trendline Resistance 180.02
20 Day Moving Average 176.84
Weekly Trendline Resistance 174.59
Lower Bollinger Band 170.62
50 Day Moving Average 169.28
Weekly Trendline Support 164.12
Quarterly Trendline Resistance 158.46
Monthly Trendline Support 151.58
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Health Care Plans 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 149.69
Low Date 10/13/2017
High 192.37
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 174.59
Support 164.12
Low 116.04
Low Date 01/30/2017
High 192.37
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 180.02
Support 151.58
Low 104.59
Low Date 11/03/2016
High 192.37
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 158.46
Support 140.30
Low 92.42
Low Date 02/09/2016
High 192.37
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 86.91
Support 75.96
Low 14.21
Low Date 11/21/2008
High 192.37
High Date 11/30/2017
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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