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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
- 2/9/2018
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Aetna Inc. (New)
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Lane's Stochastic is oversoldPrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Aetna Inc. (New) (AET). During the week, the AET dropped -8.61 points, or -4.65%, and closed at 176.39 on Friday, February 09, 2018. It was the worst weekly loss since September 22, 2017. Weekly volume was 35% above 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 (77.08) 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 Rising Channel chart pattern. The uptrend resistance line (144.72) 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 194.40 on January 29, 2018. AET gained -78.36 points, or -67.53%, in 364 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 164.88 and resistance is at 196.92. 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 short-term trend.

Daily Technical Indicators: [See AET daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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.

The daily MACD line is below its signal line since January 30, 2018. The distance between MACD and the signal line is relatively high and getting bigger.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.17
Williams' Percentage Range (W%R) 75.70
Lane's Stochastic (%D-Slow) 11.09
Oversold
Greed/Fear Indicator (GFI) 19.85
Oversold
Moving Average Converg./Diverg. (MACD) 0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.40
Williams' Percentage Range (W%R) 35.20
Lane's Stochastic (%D-Slow) 62.31
Greed/Fear Indicator (GFI) 59.77
Moving Average Converg./Diverg. (MACD) 9.04
Trading Signals
Description Value Chart
Weekly Trendline Resistance 196.92
Upper Bollinger Band 193.15
Parabolic System 186.57
Weekly Stochastic Crossing 186.48
20 Day Moving Average 186.03
50 Day Moving Average 182.93
Price 176.39
Daily Stochastic Crossing 175.91
Lower Bollinger Band 174.85
Weekly Trendline Support 164.88
Quarterly Trendline Resistance 162.88
Quarterly Trendline Support 144.72
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Health Care Plans 113
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 194.40
High Date 01/29/2018
Low 173.61
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 196.92
Support 164.88
Low 116.04
Low Date 01/30/2017
High 194.40
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.59
Low Date 11/03/2016
High 194.40
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 162.88
Support 144.72
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 88.03
Support 77.08
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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