The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Wedge
Number of records: 12
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Anadarko Petroleum
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Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :The price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the Anadarko Petroleum (APC). During the week, the APC dropped -0.86 points, or -1.34%, and closed at 63.54 on Friday, September 07, 2018. Weekly volume was -35% below average.

APC is a member of Basic Materials Sector. Basic Materials is the most oversold 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 APC long-term trend chart]
A long-term downtrend had started on August 26, 2014 at 113.51 and reached 28.16 on January 20, 2016. APC lost 85.35 points, or 75.19%, in 73 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (47.46) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See APC medium-term trend chart]
A medium-term uptrend had started on August 29, 2017 at 39.96 and reached 76.70 on July 10, 2018. APC gained -36.74 points, or -91.94%, in 45 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (65.17) 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 APC weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 July 27, 2018. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See APC short-term trend chart]
A short-term uptrend had started on August 17, 2018 at 61.74 and reached 65.88 on August 29, 2018. APC gained -4.14 points, or -6.71%, in 12 days. The price is now at the 56.52% retracement level.

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

The daily MACD line is above its signal line since August 24, 2018. This is an indication that the short-term trend is up.

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) 62.00
Williams' Percentage Range (W%R) 74.30
Lane's Stochastic (%D-Slow) 41.12
Greed/Fear Indicator (GFI) 42.94
Moving Average Converg./Diverg. (MACD) -1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.37
Williams' Percentage Range (W%R) 90.30
Strong Oversold
Lane's Stochastic (%D-Slow) 12.40
Oversold
Greed/Fear Indicator (GFI) 21.80
Moving Average Converg./Diverg. (MACD) 3.00
Trading Signals
Description Value Chart
50 Day Moving Average 68.62
Upper Bollinger Band 67.72
Parabolic System 65.52
Quarterly Trendline Support 65.17
20 Day Moving Average 64.04
Daily Stochastic Crossing 63.68
Weekly Stochastic Crossing 63.54
Price 63.54
Lower Bollinger Band 62.02
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Independent Oil & Gas 15
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 65.88
High Date 08/29/2018
Low 62.38
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.74
Low Date 08/17/2018
High 65.88
High Date 08/29/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.70
High Date 07/10/2018
Low 61.74
Low Date 08/17/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 82.87
Support 65.17
Low 39.96
Low Date 08/29/2017
High 76.70
High Date 07/10/2018
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 43.00
Support 47.46
High 113.51
High Date 08/26/2014
Low 28.16
Low Date 01/20/2016
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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