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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 :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :Relative Strength Index, Lane's Stochastic and MACD bearish divergenceThe price has fallen below the Parabolic SARDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a third consecutive positive week for the Ameriprise Financial (AMP). During the week, the AMP gained 2.91 points, or 1.82%, and closed at 162.47 on Friday, December 01, 2017. It was the best weekly gain since October 27, 2017. Weekly volume was 21% above average.

AMP is a member of Financial Sector. Financial is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AMP long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 11.74 and reached 166.14 on November 30, 2017. AMP gained -154.40 points, or -1315.16%, in 470 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 91.85 and resistance is at 189.67. 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 166.14 on November 30, 2017. AMP gained -90.14 points, or -118.61%, in 94 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (144.31) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 AMP weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 22, 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 AMP short-term trend chart]
A short-term uptrend had started on November 14, 2017 at 155.07 and reached 166.14 on November 30, 2017. AMP gained -11.07 points, or -7.14%, in 16 days. The price is now at the 33.15% retracement level.

Daily Technical Indicators: [See AMP daily technical indicators chart]
Daily technical indicators are neutral. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. Use the following link to access Relative Strength Index help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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) 73.29
Bearish
Williams' Percentage Range (W%R) 25.50
Lane's Stochastic (%D-Slow) 71.32
Bearish
Greed/Fear Indicator (GFI) 73.05
Moving Average Converg./Diverg. (MACD) 1.91 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.65
Williams' Percentage Range (W%R) 8.10
Strong Overbought
Lane's Stochastic (%D-Slow) 84.81
Overbought Bearish
Greed/Fear Indicator (GFI) 83.56
Overbought
Moving Average Converg./Diverg. (MACD) 7.26 Bearish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 189.67
Parabolic System 166.31
Daily Stochastic Crossing 163.85
Weekly Stochastic Crossing 163.55
Upper Bollinger Band 163.36
Price 162.47
20 Day Moving Average 159.64
Quarterly Trendline Resistance 159.50
Lower Bollinger Band 155.64
50 Day Moving Average 155.25
Quarterly Trendline Support 144.31
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Asset Management 114
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 155.07
Low Date 11/14/2017
High 166.14
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 131.20
Low Date 09/07/2017
High 166.14
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 118.84
Low Date 05/31/2017
High 166.14
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 159.50
Support 144.31
Low 76.00
Low Date 02/11/2016
High 166.14
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 189.67
Support 91.85
Low 11.74
Low Date 11/21/2008
High 166.14
High Date 11/30/2017
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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