The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Wedge
Number of records: 9
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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 :Lane's Stochastic is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Bearish Three Black Crows CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Anadarko Petroleum (APC). During the week, the APC dropped -2.98 points, or -5.04%, and closed at 56.13 on Friday, February 09, 2018. Weekly volume was 81% above average.

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 (43.24) 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 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 (51.00) 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 medium-term trend.

Weekly Technical Indicators: [See APC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since September 8, 2017. The distance between MACD and the signal line is relatively high, but getting smaller. 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 January 26, 2018 at 62.51 and reached 53.85 on February 9, 2018. APC lost 8.66 points, or 13.85%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern.

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

The daily MACD line is below its signal line since January 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below 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.

Candlestick pattern: [See APC candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.38
Williams' Percentage Range (W%R) 66.40
Lane's Stochastic (%D-Slow) 31.72
Greed/Fear Indicator (GFI) 32.90
Moving Average Converg./Diverg. (MACD) 1.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.82
Williams' Percentage Range (W%R) 30.10
Lane's Stochastic (%D-Slow) 86.88
Overbought
Greed/Fear Indicator (GFI) 71.28
Moving Average Converg./Diverg. (MACD) 0.92
Trading Signals
Description Value Chart
Upper Bollinger Band 61.49
Parabolic System 61.29
Weekly Stochastic Crossing 60.27
20 Day Moving Average 59.30
Daily Stochastic Crossing 56.78
Price 56.13
Lower Bollinger Band 54.52
50 Day Moving Average 54.49
Yearly Trendline Resistance 53.07
Quarterly Trendline Support 51.00
Quarterly Trendline Resistance 46.23
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Independent Oil & Gas 47
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 62.51
High Date 01/26/2018
Low 53.85
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.80
Low Date 12/07/2017
High 62.51
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.96
Low Date 08/29/2017
High 62.51
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 46.23
Support 51.00
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 53.07
Support 43.24
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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