The Greedy Trader Weekly Analysis
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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
Ameriprise Financial
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Summary:
Weekly :
Daily :MACD bearish divergenceThe price is above the upper Bollinger Band20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Ameriprise Financial (AMP). During the week, the AMP gained 4.99 points, or 3.50%, and closed at 147.47 on Friday, September 14, 2018. It was the best weekly gain since July 27, 2018. Weekly volume was -32% below average.

Long-term trend: [See AMP long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 11.74 and reached 183.90 on January 16, 2018. AMP gained -172.16 points, or -1466.44%, in 477 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 98.81 and resistance is at 203.96. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See AMP medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 76.00 and reached 183.90 on January 16, 2018. AMP gained -107.90 points, or -141.97%, in 100 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 138.82 and resistance is at 215.66. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since July 13, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See AMP short-term trend chart]
A short-term uptrend had started on August 10, 2018 at 134.17 and reached 147.52 on September 14, 2018. AMP gained -13.35 points, or -9.95%, in 35 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See AMP daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish 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.

The daily MACD line is above its signal line since August 20, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 68.19
Williams' Percentage Range (W%R) 40.80
Lane's Stochastic (%D-Slow) 50.85
Greed/Fear Indicator (GFI) 59.40
Moving Average Converg./Diverg. (MACD) 0.37 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.05
Williams' Percentage Range (W%R) 35.20
Lane's Stochastic (%D-Slow) 44.67
Greed/Fear Indicator (GFI) 53.25
Moving Average Converg./Diverg. (MACD) -2.62
Trading Signals
Description Value Chart
Price 147.47
Upper Bollinger Band 146.34
Daily Stochastic Crossing 144.30
Weekly Stochastic Crossing 142.53
20 Day Moving Average 142.53
50 Day Moving Average 142.32
Parabolic System 140.80
Lower Bollinger Band 139.13
Quarterly Trendline Support 138.82
Monthly Trendline Support 135.67
Monthly Trendline Resistance 128.94
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Asset Management 16
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 134.17
Low Date 08/10/2018
High 147.52
High Date 09/14/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 129.87
Low Date 05/03/2018
High 150.99
High Date 06/11/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 128.94
Support 135.67
High 183.90
High Date 01/16/2018
Low 129.87
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 215.66
Support 138.82
Low 76.00
Low Date 02/11/2016
High 183.90
High Date 01/16/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 203.96
Support 98.81
Low 11.74
Low Date 11/21/2008
High 183.90
High Date 01/16/2018
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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