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Monthly 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
- 12/8/2017
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Akamai Technologies
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Summary:
Weekly :Lane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overboughtBroken trend resistance line
Daily :Williams' Percentage Range is strongly overboughtThe price has risen above the Parabolic SARPrice is near the Fibonacci 38.2% retracement level
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It was a fifth consecutive positive week for the Akamai Technologies (AKAM). During the week, the AKAM gained 0.71 points, or 1.27%, and closed at 56.50 on Friday, December 08, 2017. AKAM was trading at average weekly trading volume.

Long-term trend: [See AKAM long-term trend chart]
A long-term downtrend had started on January 11, 2017 at 71.64 and reached 44.65 on August 21, 2017. AKAM lost 26.99 points, or 37.67%, in 31 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (41.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AKAM may retest the broken resistance line. It is considered to be a support line now. 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 AKAM medium-term trend chart]
A medium-term uptrend had started on August 21, 2017 at 44.65 and reached 57.11 on December 8, 2017. AKAM gained -12.46 points, or -27.91%, in 15 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 55.87 and resistance is at 57.28. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Relative Strength Index and Williams' Percentage Range. 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 weekly MACD line is above its signal line since September 8, 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 AKAM short-term trend chart]
A short-term uptrend had started on December 6, 2017 at 55.51 and reached 57.11 on December 8, 2017. AKAM gained -1.60 points, or -2.88%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

The daily MACD line is below its signal line since November 27, 2017. The distance between MACD and the signal line is low, but getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.41
Williams' Percentage Range (W%R) 8.90
Strong Overbought
Lane's Stochastic (%D-Slow) 73.68
Greed/Fear Indicator (GFI) 76.72
Moving Average Converg./Diverg. (MACD) 1.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.67
Strong Overbought
Williams' Percentage Range (W%R) 2.90
Strong Overbought
Lane's Stochastic (%D-Slow) 82.06
Overbought
Greed/Fear Indicator (GFI) 83.61
Overbought
Moving Average Converg./Diverg. (MACD) -0.71
Trading Signals
Description Value Chart
Monthly Trendline Resistance 57.28
Upper Bollinger Band 56.97
Price 56.50
Daily Stochastic Crossing 56.45
Weekly Stochastic Crossing 56.10
Monthly Trendline Support 55.87
20 Day Moving Average 55.40
Parabolic System 54.91
Lower Bollinger Band 53.54
50 Day Moving Average 53.19
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Internet Software & Svcs 77
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 55.51
Low Date 12/06/2017
High 57.11
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.51
Low Date 12/06/2017
High 57.11
High Date 12/08/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 57.28
Support 55.87
Low 44.65
Low Date 08/21/2017
High 57.11
High Date 12/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 40.42
Support 41.73
High 71.64
High Date 01/11/2017
Low 44.65
Low Date 08/21/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.44
High Date 05/14/2015
Low 39.43
Low Date 02/09/2016
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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