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Yearly 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
- 6/8/2018
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Aetna Inc. (New)
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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the Aetna Inc. (New) (AET). During the week, the AET gained 4.21 points, or 2.38%, and closed at 180.81 on Friday, June 08, 2018. It was the best weekly gain since January 26, 2018. Weekly volume was -19% 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 (79.28) 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 130.62 and resistance is at 210.31. 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. The distance between MACD and the signal line is low and getting smaller. 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 May 11, 2018 at 169.10 and reached 180.83 on June 8, 2018. AET gained -11.73 points, or -6.94%, in 28 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See AET daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 2.99% on Friday. It is 56.57% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.93
Williams' Percentage Range (W%R) 8.20
Strong Overbought
Lane's Stochastic (%D-Slow) 68.70
Bearish
Greed/Fear Indicator (GFI) 74.81
Moving Average Converg./Diverg. (MACD) 0.67 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.98
Williams' Percentage Range (W%R) 52.80
Lane's Stochastic (%D-Slow) 64.16
Greed/Fear Indicator (GFI) 54.78
Moving Average Converg./Diverg. (MACD) 2.41
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 210.31
Price 180.81
Upper Bollinger Band 179.90
Daily Stochastic Crossing 179.54
Weekly Stochastic Crossing 177.95
20 Day Moving Average 177.39
50 Day Moving Average 175.33
Parabolic System 174.98
Lower Bollinger Band 174.49
Sector and Industry
Description Name Rank
Sector Healthcare 7
Industry Health Care Plans 124
Daily Trend
Description Value
Direction Up
Chart Pattern Falling Wedge
Low 169.10
Low Date 05/11/2018
High 180.83
High Date 06/08/2018
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 210.31
Support 130.62
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 90.22
Support 79.28
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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