The Greedy Trader Weekly Analysis
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Monthly 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 :Broken trend resistance line
Daily :Lane's Stochastic is overboughtStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 61.8% retracement level
Move cursor over the icon to see details.

It was a second consecutive positive week for the Aetna Inc. (New) (AET). During the week, the AET gained 2.14 points, or 1.23%, and closed at 176.81 on Friday, May 18, 2018. Weekly volume was -18% below average.

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 (78.90) 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 194.40 on January 29, 2018. AET gained -101.98 points, or -110.34%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 129.71 and resistance is at 207.87. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since February 2, 2018. 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 April 27, 2018 at 181.26 and reached 169.10 on May 11, 2018. AET lost 12.16 points, or 6.71%, in 14 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AET daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.69
Williams' Percentage Range (W%R) 34.50
Lane's Stochastic (%D-Slow) 89.62
Overbought
Greed/Fear Indicator (GFI) 66.28
Moving Average Converg./Diverg. (MACD) 0.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.52
Williams' Percentage Range (W%R) 63.00
Lane's Stochastic (%D-Slow) 67.96
Greed/Fear Indicator (GFI) 52.10
Moving Average Converg./Diverg. (MACD) 2.97
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 207.87
Upper Bollinger Band 181.55
Daily Stochastic Crossing 177.16
Price 176.81
Weekly Stochastic Crossing 176.13
20 Day Moving Average 175.76
50 Day Moving Average 173.93
Parabolic System 170.46
Lower Bollinger Band 169.01
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Health Care Plans 132
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 181.26
High Date 04/27/2018
Low 169.10
Low Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 166.89
Low Date 04/02/2018
High 181.26
High Date 04/27/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 194.40
High Date 01/29/2018
Low 166.89
Low Date 04/02/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 207.87
Support 129.71
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 89.85
Support 78.90
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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