The Greedy Trader Weekly Analysis
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Weekly 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
Archive
- 12/1/2017
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Air Products & Chemicals
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Summary:
Weekly :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance lineBroken trend resistance line
Daily :A Parabolic SAR indicator is above and near the priceBroken trend resistance line
Move cursor over the icon to see details.

It was a first positive week for the Air Products & Chemicals (APD). During the week, the APD climbed 0.08 points, or 0.05%, and closed at 161.64 on Friday, December 01, 2017. Weekly volume was -34% below average.

Long-term trend: [See APD long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 114.64 and reached 164.65 on November 30, 2017. APD gained -50.01 points, or -43.62%, in 97 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (145.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 APD medium-term trend chart]
A medium-term uptrend had started on October 27, 2016 at 129.00 and reached 164.65 on November 30, 2017. APD gained -35.65 points, or -27.64%, in 57 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (147.12) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 APD weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 28, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 March 27, 2017 at 133.63 and reached 164.65 on November 30, 2017. APD gained -31.02 points, or -23.21%, in 248 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (149.69) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 APD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 14, 2017.

A Parabolic SAR (stop and reversal) indicator (160.29) comes close to the price (161.64). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.63
Williams' Percentage Range (W%R) 21.70
Lane's Stochastic (%D-Slow) 57.66
Greed/Fear Indicator (GFI) 63.87
Moving Average Converg./Diverg. (MACD) 1.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.20
Overbought
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 86.05
Overbought
Greed/Fear Indicator (GFI) 83.17
Overbought
Moving Average Converg./Diverg. (MACD) 3.44
Trading Signals
Description Value Chart
Daily Stochastic Crossing 163.30
Upper Bollinger Band 163.24
Weekly Stochastic Crossing 162.92
Price 161.64
20 Day Moving Average 161.33
Parabolic System 160.29
Lower Bollinger Band 158.54
50 Day Moving Average 157.08
Weekly Trendline Resistance 152.60
Weekly Trendline Support 149.69
Monthly Trendline Support 147.12
Quarterly Trendline Support 145.73
Monthly Trendline Resistance 143.48
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Chemicals-Major Diversifd 138
Daily Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Low 140.78
Low Date 06/29/2017
High 164.65
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 152.60
Support 149.69
Low 133.63
Low Date 03/27/2017
High 164.65
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 143.48
Support 147.12
Low 129.00
Low Date 10/27/2016
High 164.65
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 124.32
Support 145.73
Low 114.64
Low Date 01/20/2016
High 164.65
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.00
Low Date 03/08/2000
High 164.65
High Date 11/30/2017
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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