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 :Williams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergence
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandRelative Strength Index and Lane's Stochastic bullish divergence
Move cursor over the icon to see details.

It was the negative week for the Ameriprise Financial (AMP). During the week, the AMP dropped -13.93 points, or -10.74%, and closed at 115.82 on Friday, December 07, 2018. It was the worst weekly loss since October 12, 2018. Weekly volume was 42% above 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 100.86 and resistance is at 201.09. 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 downtrend had started on October 5, 2018 at 153.15 and reached 113.21 on December 6, 2018. AMP lost 39.94 points, or 26.08%, in 8 weeks. The price is now at the 6.53% retracement level.

Weekly Technical Indicators: [See AMP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 October 19, 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 AMP short-term trend chart]
A short-term downtrend had started on December 3, 2018 at 133.27 and reached 113.21 on December 6, 2018. AMP lost 20.06 points, or 15.05%, in 3 days. The price is now at the 13.01% retracement level.

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

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

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.94
Bullish
Williams' Percentage Range (W%R) 69.40
Lane's Stochastic (%D-Slow) 40.48
Bullish
Greed/Fear Indicator (GFI) 36.01
Moving Average Converg./Diverg. (MACD) -1.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.37
Williams' Percentage Range (W%R) 84.60
Oversold
Lane's Stochastic (%D-Slow) 18.27
Oversold Bullish
Greed/Fear Indicator (GFI) 24.88
Moving Average Converg./Diverg. (MACD) -3.73 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 133.58
50 Day Moving Average 132.19
Parabolic System 131.82
20 Day Moving Average 125.69
Daily Stochastic Crossing 119.59
Weekly Stochastic Crossing 118.47
Lower Bollinger Band 118.13
Price 115.82
Yearly Trendline Support 100.86
Sector and Industry
Description Name Rank
Sector Financial 7
Industry Asset Management 40
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 133.27
High Date 12/03/2018
Low 113.21
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 133.27
High Date 12/03/2018
Low 113.21
Low Date 12/06/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 153.15
High Date 10/05/2018
Low 113.21
Low Date 12/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 183.90
High Date 01/16/2018
Low 113.21
Low Date 12/06/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 201.09
Support 100.86
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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