The Greedy Trader Weekly Analysis
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Quarterly Pattern:Descending Triangle
Number of records: 2
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Chart Analysis and Chart Pattern Recognition – Descending Triangle Pattern
The descending triangle is a variation of a symmetrical triangle formation that has a flat support line and a falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. The descending triangle usually represents a distribution stage in bearish market. The descending triangle is considered as a continuation pattern, especially in a downtrend, but it may also mark a reversal in an uptrend. Volume usually increases on trend support resistance breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Descending Triangle Screening page presents a list of stocks forming Descending Triangle Pattern.
Tips:
# 1 As a continuation pattern, descending triangle usually appears within a young trend, characterized by neutral long-term indicators and oversold short-term indicators. Descending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, descending triangle appears in a mature uptrend, characterized by overbought long-term and short-term indicators. This situation usually generates bearish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance level. line.
Descending Triangle Pattern,Descending Triangle,Descending Triangle Chart Pattern,Trend support resistance, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
American Int'l. Group
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Summary:
Weekly :Broken trend support lineBroken trend support line
Daily :Lane's Stochastic is overboughtPrice has crossed above the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the American Int'l. Group (AIG). During the week, the AIG gained 2.30 points, or 4.35%, and closed at 55.15 on Friday, May 18, 2018. It was the best weekly gain since January 26, 2018. Weekly volume was 23% above average.

Long-term trend: [See AIG long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 6.60 and reached 67.47 on January 10, 2017. AIG gained -60.87 points, or -922.27%, in 409 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (58.85) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term downtrend had started on January 10, 2017 at 67.47 and reached 49.57 on May 3, 2018. AIG lost 17.90 points, or 26.53%, in 68 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (57.16) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is below its signal line since February 16, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AIG short-term trend chart]
A short-term downtrend had started on April 30, 2018 at 56.79 and reached 49.57 on May 3, 2018. AIG lost 7.22 points, or 12.71%, in 3 days. The price is now at the 77.29% retracement level.

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

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

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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) 45.25
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 84.04
Overbought
Greed/Fear Indicator (GFI) 66.04
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.19
Williams' Percentage Range (W%R) 67.90
Lane's Stochastic (%D-Slow) 40.39
Greed/Fear Indicator (GFI) 38.39
Moving Average Converg./Diverg. (MACD) -1.73
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 63.44
Yearly Trendline Support 58.85
Quarterly Trendline Support 57.16
Upper Bollinger Band 56.72
Daily Stochastic Crossing 55.21
Price 55.15
50 Day Moving Average 54.36
20 Day Moving Average 54.20
Weekly Stochastic Crossing 52.75
Lower Bollinger Band 51.33
Parabolic System 49.76
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Prprty/Casualty Insurance 99
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 56.79
High Date 04/30/2018
Low 49.57
Low Date 05/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.05
High Date 01/29/2018
Low 49.57
Low Date 05/03/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.30
High Date 08/03/2017
Low 49.57
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 63.44
Support 57.16
High 67.47
High Date 01/10/2017
Low 49.57
Low Date 05/03/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 67.75
Support 58.85
Low 6.60
Low Date 03/06/2009
High 67.47
High Date 01/10/2017
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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