The Greedy Trader Weekly Analysis
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Weekly Pattern:Symmetric Triangle
Number of records: 4
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Aon Corp.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Aon Corp. (AON). During the week, the AON gained 1.74 points, or 1.13%, and closed at 155.52 on Friday, October 05, 2018. Weekly volume was -13% below average.

Long-term trend: [See AON long-term trend chart]
A long-term uptrend had started on August 8, 2002 at 13.30 and reached 158.77 on September 27, 2018. AON gained -145.47 points, or -1093.76%, in 842 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (67.30) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See AON medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 134.82 and reached 158.77 on September 27, 2018. AON gained -23.95 points, or -17.76%, in 13 weeks. The price is now at the 13.57% retracement level.

Weekly Technical Indicators: [See AON weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 July 13, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AON short-term trend chart]
A short-term uptrend had started on August 13, 2018 at 139.79 and reached 158.77 on September 27, 2018. AON gained -18.98 points, or -13.58%, in 45 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See AON daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since September 27, 2018. The distance between MACD and the signal line is low, but getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.47
Williams' Percentage Range (W%R) 17.00
Overbought
Lane's Stochastic (%D-Slow) 51.94
Greed/Fear Indicator (GFI) 65.14
Moving Average Converg./Diverg. (MACD) 2.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.20
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 91.39
Strong Overbought
Greed/Fear Indicator (GFI) 81.69
Overbought
Moving Average Converg./Diverg. (MACD) 1.90
Trading Signals
Description Value Chart
Upper Bollinger Band 158.01
Weekly Stochastic Crossing 157.19
Daily Stochastic Crossing 156.52
Price 155.52
Parabolic System 154.20
20 Day Moving Average 154.16
Lower Bollinger Band 149.27
50 Day Moving Average 148.12
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Accident/Health Insurance 123
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 139.79
Low Date 08/13/2018
High 158.77
High Date 09/27/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 134.82
Low Date 06/28/2018
High 158.77
High Date 09/27/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.87
Low Date 01/03/2018
High 158.77
High Date 09/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.68
Low Date 09/22/2011
High 158.77
High Date 09/27/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 79.25
Support 67.30
Low 13.30
Low Date 08/08/2002
High 158.77
High Date 09/27/2018
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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