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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
Archive
- 12/1/2017
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Anadarko Petroleum
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Summary:
Weekly :Broken trend support line
Daily :Broken trend resistance lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the Anadarko Petroleum (APC). During the week, the APC gained 0.61 points, or 1.27%, and closed at 48.72 on Friday, December 01, 2017. Weekly volume was 22% above average.

Long-term trend: [See APC long-term trend chart]
A long-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 price is now at the 26.25% retracement level.

Medium-term trend: [See APC medium-term trend chart]
A medium-term uptrend had started on August 29, 2017 at 39.96 and reached 52.17 on November 7, 2017. APC gained -12.21 points, or -30.56%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (50.89) 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 technical indicators are neutral.

The weekly MACD line is above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. 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 7, 2017 at 52.17 and reached 47.01 on November 16, 2017. APC lost 5.16 points, or 9.89%, in 9 days. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (47.59) 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 short-term trend.

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

The daily MACD line is below its signal line since November 13, 2017. 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.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.24
Williams' Percentage Range (W%R) 69.20
Lane's Stochastic (%D-Slow) 43.85
Greed/Fear Indicator (GFI) 35.64
Moving Average Converg./Diverg. (MACD) -0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.91
Williams' Percentage Range (W%R) 29.20
Lane's Stochastic (%D-Slow) 62.60
Greed/Fear Indicator (GFI) 64.61
Moving Average Converg./Diverg. (MACD) -1.77
Trading Signals
Description Value Chart
Monthly Trendline Resistance 53.31
Upper Bollinger Band 51.45
Monthly Trendline Support 50.89
Weekly Stochastic Crossing 49.80
20 Day Moving Average 49.03
50 Day Moving Average 48.89
Price 48.72
Daily Stochastic Crossing 48.57
Weekly Trendline Support 47.59
Weekly Trendline Resistance 47.25
Parabolic System 47.08
Lower Bollinger Band 45.60
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Independent Oil & Gas 74
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 47.36
Low Date 11/27/2017
High 49.83
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 47.25
Support 47.59
High 52.17
High Date 11/07/2017
Low 47.01
Low Date 11/16/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 53.31
Support 50.89
Low 39.96
Low Date 08/29/2017
High 52.17
High Date 11/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.33
High Date 12/12/2016
Low 39.96
Low Date 08/29/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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