The Greedy Trader Weekly Analysis
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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
- 9/14/2018
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Aetna Inc. (New)
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergenceDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price
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It was the negative week for the Aetna Inc. (New) (AET). During the week, the AET gave back -0.33 points, or -0.16%, and closed at 202.75 on Friday, September 14, 2018. Weekly volume was -21% 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 204.20 on September 13, 2018. AET gained -189.99 points, or -1337.02%, in 511 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (81.10) 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 204.20 on September 13, 2018. AET gained -37.31 points, or -22.36%, in 23 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 194.78 and resistance is at 204.39. 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 and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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.

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 uptrend had started on August 24, 2018 at 196.48 and reached 204.20 on September 13, 2018. AET gained -7.72 points, or -3.93%, in 20 days. The price is now at the 18.78% retracement level.

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 Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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.

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

A Parabolic SAR (stop and reversal) indicator (202.02) comes close to the price (202.75). It indicates that the trend is getting weaker. 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) 71.34
Williams' Percentage Range (W%R) 11.10
Overbought
Lane's Stochastic (%D-Slow) 76.24
Bearish
Greed/Fear Indicator (GFI) 78.81
Moving Average Converg./Diverg. (MACD) 2.61 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.21
Williams' Percentage Range (W%R) 2.40
Strong Overbought
Lane's Stochastic (%D-Slow) 93.28
Strong Overbought
Greed/Fear Indicator (GFI) 83.50
Overbought
Moving Average Converg./Diverg. (MACD) 5.21
Trading Signals
Description Value Chart
Monthly Trendline Resistance 204.39
Upper Bollinger Band 204.01
Daily Stochastic Crossing 203.04
Weekly Stochastic Crossing 202.85
Price 202.75
Parabolic System 202.02
20 Day Moving Average 200.19
Lower Bollinger Band 195.60
Monthly Trendline Support 194.78
50 Day Moving Average 194.37
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Health Care Plans 152
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 196.48
Low Date 08/24/2018
High 204.20
High Date 09/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 186.39
Low Date 08/02/2018
High 204.20
High Date 09/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 204.39
Support 194.78
Low 166.89
Low Date 04/02/2018
High 204.20
High Date 09/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 92.42
Low Date 02/09/2016
High 204.20
High Date 09/13/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 92.04
Support 81.10
Low 14.21
Low Date 11/21/2008
High 204.20
High Date 09/13/2018
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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