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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
- 12/1/2017
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Aetna Inc. (New)
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Summary:
Weekly :Oversold sectorBroken trend resistance lineBroken trend resistance line
Daily :MACD bearish divergenceBroken trend resistance lineDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the Aetna Inc. (New) (AET). During the week, the AET gained 4.85 points, or 2.75%, and closed at 181.31 on Friday, December 01, 2017. It was the best weekly gain since October 27, 2017. Weekly volume was 70% above average.

AET is a member of Healthcare Sector. Healthcare is the most oversold 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 192.37 on November 30, 2017. AET gained -178.16 points, or -1253.76%, in 470 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (75.82) 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 192.37 on November 30, 2017. AET gained -99.95 points, or -108.15%, in 94 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (139.77) 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 medium-term trend.

Weekly Technical Indicators: [See AET weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since October 27, 2017. 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 January 30, 2017 at 116.04 and reached 192.37 on November 30, 2017. AET gained -76.33 points, or -65.78%, in 304 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (163.04) 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 short-term trend.

Daily Technical Indicators: [See AET daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily 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.

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 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) 66.54
Williams' Percentage Range (W%R) 48.20
Lane's Stochastic (%D-Slow) 69.48
Greed/Fear Indicator (GFI) 62.59
Moving Average Converg./Diverg. (MACD) 3.33 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.61
Williams' Percentage Range (W%R) 25.10
Lane's Stochastic (%D-Slow) 70.64
Greed/Fear Indicator (GFI) 68.36
Moving Average Converg./Diverg. (MACD) 7.27
Trading Signals
Description Value Chart
Daily Stochastic Crossing 186.81
Price 181.31
Weekly Stochastic Crossing 180.72
Upper Bollinger Band 180.39
Monthly Trendline Resistance 179.18
20 Day Moving Average 175.89
Parabolic System 173.98
Weekly Trendline Resistance 173.51
Lower Bollinger Band 169.65
50 Day Moving Average 166.73
Weekly Trendline Support 163.04
Quarterly Trendline Resistance 157.93
Monthly Trendline Support 150.74
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Health Care Plans 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 149.69
Low Date 10/13/2017
High 192.37
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 173.51
Support 163.04
Low 116.04
Low Date 01/30/2017
High 192.37
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 179.18
Support 150.74
Low 104.59
Low Date 11/03/2016
High 192.37
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 157.93
Support 139.77
Low 92.42
Low Date 02/09/2016
High 192.37
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 86.77
Support 75.82
Low 14.21
Low Date 11/21/2008
High 192.37
High Date 11/30/2017
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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