The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 7
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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
Air Products & Chemicals
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Summary:
Weekly :Overbought sector
Daily :Lane's Stochastic is overbought
Move cursor over the icon to see details.

It was a second consecutive positive week for the Air Products & Chemicals (APD). During the week, the APD gained 1.95 points, or 1.17%, and closed at 168.24 on Friday, May 18, 2018. Weekly volume was -16% below average.

APD 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 APD long-term trend chart]
A long-term uptrend had started on October 27, 2016 at 129.00 and reached 175.17 on January 25, 2018. APD gained -46.17 points, or -35.79%, in 65 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 146.75 and resistance is at 182.14. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See APD medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 175.17 and reached 152.71 on February 8, 2018. APD lost 22.46 points, or 12.82%, in 2 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 151.38 and resistance is at 174.55. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a medium-term trend.

Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See APD short-term trend chart]
A short-term uptrend had started on April 2, 2018 at 155.20 and reached 169.15 on April 18, 2018. APD gained -13.95 points, or -8.99%, in 16 days. The price is now at the 6.52% retracement level.

Daily Technical Indicators: [See APD daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since May 9, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.03
Williams' Percentage Range (W%R) 21.20
Lane's Stochastic (%D-Slow) 83.63
Overbought
Greed/Fear Indicator (GFI) 79.49
Moving Average Converg./Diverg. (MACD) 0.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.71
Williams' Percentage Range (W%R) 37.40
Lane's Stochastic (%D-Slow) 59.40
Greed/Fear Indicator (GFI) 58.38
Moving Average Converg./Diverg. (MACD) 2.53
Trading Signals
Description Value Chart
Monthly Trendline Resistance 182.14
Weekly Trendline Resistance 174.55
Upper Bollinger Band 169.16
Price 168.24
Daily Stochastic Crossing 167.88
20 Day Moving Average 164.74
50 Day Moving Average 164.36
Parabolic System 163.29
Weekly Stochastic Crossing 163.13
Lower Bollinger Band 161.15
Weekly Trendline Support 151.38
Monthly Trendline Support 146.75
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Chemicals-Major Diversifd 135
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 155.20
Low Date 04/02/2018
High 169.15
High Date 04/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 174.55
Support 151.38
High 175.17
High Date 01/25/2018
Low 152.71
Low Date 02/08/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 182.14
Support 146.75
Low 129.00
Low Date 10/27/2016
High 175.17
High Date 01/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 114.64
Low Date 01/20/2016
High 175.17
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.00
Low Date 03/08/2000
High 175.17
High Date 01/25/2018
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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