The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 7
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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 lineTrend support at 200.36
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice is close to the 50 Day Moving AverageBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Aetna Inc. (New) (AET). During the week, the AET dropped -2.71 points, or -1.33%, and closed at 201.01 on Friday, October 12, 2018. It was the worst weekly loss since July 20, 2018. Weekly volume was 22% above 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 206.66 on September 19, 2018. AET gained -192.45 points, or -1354.33%, in 512 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (81.63) 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 April 2, 2018 at 166.89 and reached 206.66 on September 19, 2018. AET gained -39.77 points, or -23.83%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (200.36) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 September 19, 2018 at 206.66 and reached 198.64 on October 11, 2018. AET lost 8.02 points, or 3.88%, in 22 days. The price is now at the 29.55% retracement level.

Daily Technical Indicators: [See AET 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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since September 20, 2018. This is an indication that the short-term trend is down.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.1% on Friday. It is 55.75% lower than one year average. It indicates the period of low 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.

Price is close to the 50 Day Moving Average. While 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.

Candlestick pattern: [See AET candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.17
Williams' Percentage Range (W%R) 85.90
Oversold
Lane's Stochastic (%D-Slow) 42.73
Greed/Fear Indicator (GFI) 32.66
Moving Average Converg./Diverg. (MACD) 1.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.47
Williams' Percentage Range (W%R) 21.70
Lane's Stochastic (%D-Slow) 83.91
Overbought
Greed/Fear Indicator (GFI) 73.86
Moving Average Converg./Diverg. (MACD) 6.30
Trading Signals
Description Value Chart
Monthly Trendline Resistance 209.69
Parabolic System 206.69
Upper Bollinger Band 205.56
Weekly Stochastic Crossing 204.82
20 Day Moving Average 203.36
Daily Stochastic Crossing 201.28
Price 201.01
Monthly Trendline Support 200.36
50 Day Moving Average 200.12
Lower Bollinger Band 199.30
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Health Care Plans 153
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 206.65
High Date 10/10/2018
Low 198.64
Low Date 10/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 206.66
High Date 09/19/2018
Low 198.64
Low Date 10/11/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 209.69
Support 200.36
Low 166.89
Low Date 04/02/2018
High 206.66
High Date 09/19/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.42
Low Date 02/09/2016
High 206.66
High Date 09/19/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 92.58
Support 81.63
Low 14.21
Low Date 11/21/2008
High 206.66
High Date 09/19/2018
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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