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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
Ameriprise Financial
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Summary:
Weekly :Broken trend support line
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Ameriprise Financial (AMP). During the week, the AMP gained 2.38 points, or 1.70%, and closed at 142.63 on Friday, June 08, 2018. Weekly volume was -14% 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 96.39 and resistance is at 199.00. 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 uptrend support line (152.60) 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 medium-term trend.

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

The weekly MACD line is below its signal line since February 2, 2018. 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 May 29, 2018 at 135.42 and reached 143.74 on June 7, 2018. AMP gained -8.32 points, or -6.14%, in 9 days. The price is now at the 13.34% retracement level.

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

The daily MACD line is above its signal line since May 10, 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.

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.

During the last week, the price 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) 53.77
Williams' Percentage Range (W%R) 33.00
Lane's Stochastic (%D-Slow) 70.84
Greed/Fear Indicator (GFI) 63.87
Moving Average Converg./Diverg. (MACD) -0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.06
Williams' Percentage Range (W%R) 77.60
Lane's Stochastic (%D-Slow) 35.42
Greed/Fear Indicator (GFI) 33.40
Moving Average Converg./Diverg. (MACD) -2.50
Trading Signals
Description Value Chart
Quarterly Trendline Support 152.60
Upper Bollinger Band 144.62
Price 142.63
Daily Stochastic Crossing 142.26
Monthly Trendline Resistance 142.17
50 Day Moving Average 140.90
20 Day Moving Average 140.58
Weekly Stochastic Crossing 139.08
Lower Bollinger Band 136.54
Parabolic System 135.45
Monthly Trendline Support 133.19
Sector and Industry
Description Name Rank
Sector Financial 6
Industry Asset Management 27
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 135.42
Low Date 05/29/2018
High 143.74
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 145.21
High Date 05/22/2018
Low 135.42
Low Date 05/29/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 142.17
Support 133.19
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 Broken Support
Resistance 202.13
Support 152.60
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 199.00
Support 96.39
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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