The Greedy Trader Weekly Analysis
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Yearly 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 lineLane's Stochastic is oversold
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the American Int'l. Group (AIG). During the week, the AIG gained 0.54 points, or 1.25%, and closed at 43.82 on Friday, November 09, 2018. Weekly volume was 18% above average.

Long-term trend: [See AIG long-term trend chart]
A long-term downtrend had started on January 10, 2017 at 67.47 and reached 39.29 on October 30, 2018. AIG lost 28.18 points, or 41.77%, in 94 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (50.79) 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 long-term trend.

Medium-term trend: [See AIG medium-term trend chart]
A medium-term downtrend had started on September 25, 2018 at 54.97 and reached 39.29 on October 30, 2018. AIG lost 15.68 points, or 28.52%, in 5 weeks. The price is now at the 28.89% retracement level.

Weekly Technical Indicators: [See AIG weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See AIG short-term trend chart]
A short-term uptrend had started on October 30, 2018 at 39.29 and reached 45.00 on November 6, 2018. AIG gained -5.71 points, or -14.53%, in 7 days. The price is now at the 20.67% 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.

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

The distance between the Bollinger Bands is 191.25% higher then one year average. It indicates the period of high 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) 45.01
Williams' Percentage Range (W%R) 56.10
Lane's Stochastic (%D-Slow) 89.02
Overbought
Greed/Fear Indicator (GFI) 59.32
Moving Average Converg./Diverg. (MACD) -2.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.03
Williams' Percentage Range (W%R) 71.80
Lane's Stochastic (%D-Slow) 19.89
Oversold
Greed/Fear Indicator (GFI) 28.55
Moving Average Converg./Diverg. (MACD) -1.65
Trading Signals
Description Value Chart
Upper Bollinger Band 50.91
Yearly Trendline Support 50.79
50 Day Moving Average 49.74
Daily Stochastic Crossing 44.57
20 Day Moving Average 44.43
Price 43.82
Weekly Stochastic Crossing 41.67
Parabolic System 41.18
Lower Bollinger Band 39.43
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Prprty/Casualty Insurance 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 39.29
Low Date 10/30/2018
High 45.00
High Date 11/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.29
Low Date 10/30/2018
High 45.00
High Date 11/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.97
High Date 09/25/2018
Low 39.29
Low Date 10/30/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 67.30
High Date 08/03/2017
Low 39.29
Low Date 10/30/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 53.81
Support 50.79
High 67.47
High Date 01/10/2017
Low 39.29
Low Date 10/30/2018
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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