The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Pennant
Number of records: 3
Symbol:  

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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

Apartment Investment & Mgmt'A'
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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Move cursor over the icon to see details.

It was a third consecutive positive week for the Apartment Investment & Mgmt'A' (AIV). During the week, the AIV gained 0.65 points, or 1.58%, and closed at 41.70 on Friday, June 08, 2018. Weekly volume was -17% below average.

Long-term trend: [See AIV long-term trend chart]
A long-term downtrend had started on September 27, 2016 at 47.91 and reached 37.97 on February 21, 2018. AIV lost 9.94 points, or 20.75%, in 73 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See AIV medium-term trend chart]
A medium-term uptrend had started on February 21, 2018 at 37.97 and reached 41.90 on June 8, 2018. AIV gained -3.93 points, or -10.35%, in 15 weeks. The price is now at the 5.09% retracement level.

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

The weekly MACD line is above its signal line since April 6, 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 AIV short-term trend chart]
A short-term uptrend had started on May 17, 2018 at 38.54 and reached 41.90 on June 8, 2018. AIV gained -3.36 points, or -8.72%, in 22 days. The price is now at the 5.95% retracement level.

Daily Technical Indicators: [See AIV daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is above its signal line since May 29, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.22
Overbought
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 90.36
Strong Overbought
Greed/Fear Indicator (GFI) 87.69
Overbought
Moving Average Converg./Diverg. (MACD) 0.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.76
Williams' Percentage Range (W%R) 20.70
Lane's Stochastic (%D-Slow) 63.16
Greed/Fear Indicator (GFI) 65.34
Moving Average Converg./Diverg. (MACD) -0.82
Trading Signals
Description Value Chart
Upper Bollinger Band 42.66
Price 41.70
Daily Stochastic Crossing 41.63
Parabolic System 40.87
50 Day Moving Average 40.52
Weekly Stochastic Crossing 40.46
20 Day Moving Average 40.27
Lower Bollinger Band 38.70
Sector and Industry
Description Name Rank
Sector Financial 6
Industry REIT - Residential 126
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 38.54
Low Date 05/17/2018
High 41.90
High Date 06/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 38.54
Low Date 05/17/2018
High 41.90
High Date 06/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.97
Low Date 02/21/2018
High 41.90
High Date 06/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 47.91
High Date 09/27/2016
Low 37.97
Low Date 02/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.57
Low Date 03/06/2009
High 47.91
High Date 09/27/2016
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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