The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Wedge
Number of records: 6
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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 :Oversold sectorBroken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Daily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a first positive week for the Anadarko Petroleum (APC). During the week, the APC gained 1.28 points, or 2.48%, and closed at 52.90 on Friday, November 30, 2018. Weekly volume was -14% 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 (49.17) 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 downtrend had started on July 10, 2018 at 76.70 and reached 51.28 on November 28, 2018. APC lost 25.42 points, or 33.14%, in 20 weeks. The price is now at the 6.37% retracement level.

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. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See APC short-term trend chart]
A short-term downtrend had started on November 8, 2018 at 60.14 and reached 51.28 on November 28, 2018. APC lost 8.86 points, or 14.73%, in 20 days. The chart has formed a Falling Wedge chart pattern.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.07
Williams' Percentage Range (W%R) 79.50
Lane's Stochastic (%D-Slow) 25.85
Greed/Fear Indicator (GFI) 26.82
Moving Average Converg./Diverg. (MACD) -2.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.48
Williams' Percentage Range (W%R) 92.40
Strong Oversold
Lane's Stochastic (%D-Slow) 11.21
Oversold
Greed/Fear Indicator (GFI) 20.08
Moving Average Converg./Diverg. (MACD) -0.65
Trading Signals
Description Value Chart
50 Day Moving Average 60.68
Upper Bollinger Band 58.97
Parabolic System 54.74
20 Day Moving Average 54.53
Weekly Stochastic Crossing 53.66
Price 52.90
Daily Stochastic Crossing 52.20
Lower Bollinger Band 51.03
Yearly Trendline Support 49.17
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Independent Oil & Gas 21
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 60.14
High Date 11/08/2018
Low 51.28
Low Date 11/28/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.11
High Date 10/09/2018
Low 51.28
Low Date 11/28/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.70
High Date 07/10/2018
Low 51.28
Low Date 11/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
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 38.91
Support 49.17
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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