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
Affiliated Managers Group Inc
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Summary:
Weekly :Broken trend support lineBroken trend resistance lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :Daily  MACD line has moved below its signal line
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 -3.90 points, or -2.56%, and closed at 148.16 on Friday, August 10, 2018. It was the worst weekly loss since June 29, 2018. Weekly volume was 41% 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 (166.73) 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 January 26, 2018 at 216.99 and reached 145.00 on July 2, 2018. AMG lost 71.99 points, or 33.18%, in 22 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (136.36) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See AMG 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. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AMG short-term trend chart]
A short-term downtrend had started on July 31, 2018 at 163.55 and reached 146.19 on August 10, 2018. AMG lost 17.36 points, or 10.61%, in 10 days. The price is now at the 11.35% retracement level.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.94
Williams' Percentage Range (W%R) 79.70
Lane's Stochastic (%D-Slow) 24.15
Greed/Fear Indicator (GFI) 30.46
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.54
Williams' Percentage Range (W%R) 90.60
Strong Oversold
Lane's Stochastic (%D-Slow) 28.71
Bullish
Greed/Fear Indicator (GFI) 26.36
Moving Average Converg./Diverg. (MACD) -8.32 Bullish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 169.39
Yearly Trendline Support 166.73
Upper Bollinger Band 159.00
Parabolic System 156.47
50 Day Moving Average 153.75
20 Day Moving Average 152.20
Weekly Stochastic Crossing 150.68
Monthly Trendline Support 150.19
Daily Stochastic Crossing 149.35
Price 148.16
Lower Bollinger Band 145.99
Quarterly Trendline Support 136.36
Quarterly Trendline Resistance 135.61
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Asset Management 21
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 156.87
High Date 08/07/2018
Low 146.19
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 163.55
High Date 07/31/2018
Low 146.19
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 169.39
Support 150.19
Low 145.00
Low Date 07/02/2018
High 163.55
High Date 07/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 135.61
Support 136.36
High 216.99
High Date 01/26/2018
Low 145.00
Low Date 07/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 226.23
Support 166.73
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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