The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 15
Symbol:  

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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
Akamai Technologies
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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversoldBullish Ladder Bottom CandlestickThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Akamai Technologies (AKAM). During the week, the AKAM dropped -3.24 points, or -4.89%, and closed at 63.00 on Friday, October 12, 2018. Weekly volume was 7% above average.

Long-term trend: [See AKAM long-term trend chart]
A long-term uptrend had started on August 21, 2017 at 44.65 and reached 83.08 on June 21, 2018. AKAM gained -38.43 points, or -86.07%, in 43 weeks. The price is now at the 52.25% retracement level.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term downtrend had started on June 21, 2018 at 83.08 and reached 61.34 on October 11, 2018. AKAM lost 21.74 points, or 26.17%, in 16 weeks. The price is now at the 7.64% retracement level.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 22, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See AKAM short-term trend chart]
A short-term downtrend had started on September 11, 2018 at 77.35 and reached 61.34 on October 11, 2018. AKAM lost 16.01 points, or 20.70%, in 30 days. The price is now at the 10.37% retracement level.

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

The daily MACD line is below its signal line since September 18, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands is 151.61% 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.

Candlestick pattern: [See AKAM candlestick chart pattern]
On Friday the chart has formed a Bullish Ladder Bottom Candlestick pattern. A Bullish Ladder Bottom pattern occurs in a downtrend, it may signal a trend reversal. The reliability of the Bullish Ladder Bottom pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Ladder Bottom Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.02
Oversold
Williams' Percentage Range (W%R) 90.70
Strong Oversold
Lane's Stochastic (%D-Slow) 6.39
Strong Oversold
Greed/Fear Indicator (GFI) 11.23
Oversold
Moving Average Converg./Diverg. (MACD) -2.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.49
Williams' Percentage Range (W%R) 93.70
Strong Oversold
Lane's Stochastic (%D-Slow) 27.74
Greed/Fear Indicator (GFI) 23.30
Moving Average Converg./Diverg. (MACD) 1.62
Trading Signals
Description Value Chart
Upper Bollinger Band 77.25
50 Day Moving Average 72.49
20 Day Moving Average 69.71
Parabolic System 65.51
Weekly Stochastic Crossing 64.55
Price 63.00
Daily Stochastic Crossing 61.83
Lower Bollinger Band 59.93
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Internet Software & Svcs 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 77.35
High Date 09/11/2018
Low 61.34
Low Date 10/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.58
High Date 08/09/2018
Low 61.34
Low Date 10/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.08
High Date 06/21/2018
Low 61.34
Low Date 10/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.65
Low Date 08/21/2017
High 83.08
High Date 06/21/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.25
Low Date 11/20/2008
High 83.08
High Date 06/21/2018
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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