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Monthly 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
- 8/10/2018
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Aetna Inc. (New)
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Aetna Inc. (New) (AET). During the week, the AET gained 5.79 points, or 3.07%, and closed at 194.52 on Friday, August 10, 2018. It was the best weekly gain since June 15, 2018. Weekly volume was -12% 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 194.88 on August 9, 2018. AET gained -180.67 points, or -1271.43%, in 506 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (80.46) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 194.88 on August 9, 2018. AET gained -27.99 points, or -16.77%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 189.08 and resistance is at 198.69. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AET weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 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, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 August 2, 2018 at 186.39 and reached 194.88 on August 9, 2018. AET gained -8.49 points, or -4.55%, in 7 days. Price is near the trend high.

Daily Technical Indicators: [See AET daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 71.27
Williams' Percentage Range (W%R) 18.70
Overbought
Lane's Stochastic (%D-Slow) 72.35
Greed/Fear Indicator (GFI) 74.96
Moving Average Converg./Diverg. (MACD) 0.98
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.37
Williams' Percentage Range (W%R) 5.70
Strong Overbought
Lane's Stochastic (%D-Slow) 78.98
Greed/Fear Indicator (GFI) 78.19
Moving Average Converg./Diverg. (MACD) 3.84
Trading Signals
Description Value Chart
Monthly Trendline Resistance 198.69
Price 194.52
Upper Bollinger Band 194.16
Daily Stochastic Crossing 192.98
Weekly Stochastic Crossing 192.16
20 Day Moving Average 189.74
Monthly Trendline Support 189.08
50 Day Moving Average 187.22
Parabolic System 186.88
Lower Bollinger Band 185.24
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Health Care Plans 152
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 186.39
Low Date 08/02/2018
High 194.88
High Date 08/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 186.39
Low Date 08/02/2018
High 194.88
High Date 08/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 198.69
Support 189.08
Low 166.89
Low Date 04/02/2018
High 194.88
High Date 08/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.42
Low Date 02/09/2016
High 194.88
High Date 08/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 91.40
Support 80.46
Low 14.21
Low Date 11/21/2008
High 194.88
High Date 08/09/2018
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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