The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Channel
Number of records: 0
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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
Affiliated Managers Group Inc
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Summary:
Weekly :Broken trend support lineRelative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversold
Daily :The price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the Affiliated Managers Group Inc (AMG). During the week, the AMG dropped -1.59 points, or -1.36%, and closed at 115.24 on Friday, November 09, 2018. Weekly volume was 7% above average.

Long-term trend: [See AMG long-term trend chart]
A long-term uptrend had started on February 11, 2016 at 115.97 and reached 216.99 on January 26, 2018. AMG gained -101.02 points, or -87.11%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (171.89) 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 AMG medium-term trend chart]
A medium-term downtrend had started on July 31, 2018 at 163.55 and reached 110.27 on October 29, 2018. AMG lost 53.28 points, or 32.58%, in 12 weeks. The price is now at the 9.33% retracement level.

Weekly Technical Indicators: [See AMG weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Williams' Percentage Range or strongly oversold weekly 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 weekly MACD line is below its signal line since September 21, 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 AMG short-term trend chart]
A short-term uptrend had started on October 29, 2018 at 110.27 and reached 119.56 on November 2, 2018. AMG gained -9.29 points, or -8.42%, in 4 days. The price is now at the 46.50% retracement level.

Daily Technical Indicators: [See AMG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 1, 2018. This is an indication that the short-term trend is up.

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) 42.80
Williams' Percentage Range (W%R) 65.80
Lane's Stochastic (%D-Slow) 59.99
Greed/Fear Indicator (GFI) 45.66
Moving Average Converg./Diverg. (MACD) -5.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 14.03
Oversold
Williams' Percentage Range (W%R) 88.40
Oversold
Lane's Stochastic (%D-Slow) 9.03
Strong Oversold
Greed/Fear Indicator (GFI) 18.22
Oversold
Moving Average Converg./Diverg. (MACD) -10.65
Trading Signals
Description Value Chart
50 Day Moving Average 130.95
Upper Bollinger Band 128.30
20 Day Moving Average 118.41
Daily Stochastic Crossing 117.38
Price 115.24
Weekly Stochastic Crossing 114.19
Lower Bollinger Band 111.29
Parabolic System 110.34
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Asset Management 28
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 119.07
High Date 11/08/2018
Low 114.08
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 110.27
Low Date 10/29/2018
High 119.56
High Date 11/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 163.55
High Date 07/31/2018
Low 110.27
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 216.99
High Date 01/26/2018
Low 110.27
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 231.40
Support 171.89
Low 115.97
Low Date 02/11/2016
High 216.99
High Date 01/26/2018
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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