The Greedy Trader Weekly Analysis
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Quarterly 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
Aetna Inc. (New)
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe Bollinger Bands are historically close together
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 climbed 0.87 points, or 0.43%, and closed at 203.72 on Friday, October 05, 2018. Weekly volume was -45% 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 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 (81.50) 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 trend support level is at 199.14 and resistance is at 208.47. 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 Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and 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. 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 199.95 on September 25, 2018. AET lost 6.71 points, or 3.25%, in 6 days. The price is now at the 56.18% retracement 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 September 20, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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 distance between the Bollinger Bands (2.42%) is close to one year low (2.44%). It is 66.14% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 44.22
Williams' Percentage Range (W%R) 31.40
Lane's Stochastic (%D-Slow) 66.84
Greed/Fear Indicator (GFI) 59.87
Moving Average Converg./Diverg. (MACD) 1.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.61
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 89.02
Overbought
Greed/Fear Indicator (GFI) 81.38
Overbought
Moving Average Converg./Diverg. (MACD) 6.11
Trading Signals
Description Value Chart
Monthly Trendline Resistance 208.47
Upper Bollinger Band 205.14
Weekly Stochastic Crossing 204.97
Price 203.72
Daily Stochastic Crossing 203.70
20 Day Moving Average 203.42
Lower Bollinger Band 200.20
Parabolic System 199.95
Monthly Trendline Support 199.14
50 Day Moving Average 198.72
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Health Care Plans 153
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 199.95
Low Date 09/25/2018
High 204.75
High Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 206.66
High Date 09/19/2018
Low 199.95
Low Date 09/25/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 208.47
Support 199.14
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 92.45
Support 81.50
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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