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Monthly Pattern:Rising Wedge
Number of records: 10
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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 :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is overbought
Move cursor over the icon to see details.

It was a second consecutive positive week for the Anadarko Petroleum (APC). During the week, the APC climbed 0.35 points, or 0.49%, and closed at 71.40 on Friday, June 08, 2018. Weekly volume was -32% below average.

APC is a member of Basic Materials Sector. Basic Materials is the most overbought 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 (45.63) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. APC may retest the broken resistance line. It is considered to be a support line now. 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 December 12, 2016 at 73.33 and reached 39.96 on August 29, 2017. APC lost 33.37 points, or 45.51%, in 37 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (59.01) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. APC may retest the broken resistance line. It is considered to be a support line now. 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 medium-term trend.

Weekly Technical Indicators: [See APC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought 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 above its signal line since September 8, 2017. 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 May 22, 2018 at 72.70 and reached 66.22 on May 25, 2018. APC lost 6.48 points, or 8.91%, in 3 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See APC 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 May 23, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.74
Williams' Percentage Range (W%R) 15.10
Overbought
Lane's Stochastic (%D-Slow) 68.67
Greed/Fear Indicator (GFI) 68.76
Moving Average Converg./Diverg. (MACD) 1.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.57
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 86.42
Overbought
Greed/Fear Indicator (GFI) 80.67
Overbought
Moving Average Converg./Diverg. (MACD) 3.75
Trading Signals
Description Value Chart
Monthly Trendline Resistance 73.03
Upper Bollinger Band 71.83
Price 71.40
Weekly Stochastic Crossing 71.33
Daily Stochastic Crossing 70.95
20 Day Moving Average 69.91
Parabolic System 68.36
Lower Bollinger Band 66.95
50 Day Moving Average 66.52
Monthly Trendline Support 65.69
Quarterly Trendline Support 59.01
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Independent Oil & Gas 115
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 72.70
High Date 05/22/2018
Low 66.22
Low Date 05/25/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.80
Low Date 12/07/2017
High 72.70
High Date 05/22/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 73.03
Support 65.69
Low 39.96
Low Date 08/29/2017
High 72.70
High Date 05/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 38.62
Support 59.01
High 73.33
High Date 12/12/2016
Low 39.96
Low Date 08/29/2017
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 47.38
Support 45.63
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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