The Greedy Trader Weekly Analysis
Sign In Nov 16, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Weekly Pattern:Rising Wedge
Number of records: 0
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Oversold sectorLane's Stochastic bullish divergence
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the Air Products & Chemicals (APD). During the week, the APD gained 4.06 points, or 2.61%, and closed at 159.90 on Friday, November 09, 2018. Weekly volume was 20% above average.

APD is a member of Basic Materials Sector. Basic Materials is the most oversold 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 downtrend had started on January 25, 2018 at 175.17 and reached 148.44 on October 26, 2018. APD lost 26.73 points, or 15.26%, in 39 weeks. The price is now at the 42.87% retracement level.

Medium-term trend: [See APD medium-term trend chart]
A medium-term downtrend had started on March 13, 2018 at 172.39 and reached 148.44 on October 26, 2018. APD lost 23.95 points, or 13.89%, in 32 weeks. The price is now at the 47.85% retracement level.

Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend 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 downtrend had started on September 21, 2018 at 171.66 and reached 148.44 on October 26, 2018. APD lost 23.22 points, or 13.53%, in 35 days. The price is now at the 49.35% retracement level.

Daily Technical Indicators: [See APD daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since October 31, 2018. The distance between MACD and the signal line is relatively high and getting bigger.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.88
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 92.62
Strong Overbought
Greed/Fear Indicator (GFI) 82.23
Overbought
Moving Average Converg./Diverg. (MACD) -2.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.94
Williams' Percentage Range (W%R) 48.40
Lane's Stochastic (%D-Slow) 24.29
Bullish
Greed/Fear Indicator (GFI) 40.93
Moving Average Converg./Diverg. (MACD) 0.22 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 165.12
50 Day Moving Average 162.41
Daily Stochastic Crossing 161.19
Price 159.90
Parabolic System 156.25
20 Day Moving Average 155.55
Weekly Stochastic Crossing 153.58
Lower Bollinger Band 150.50
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Chemicals-Major Diversifd 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 171.66
High Date 09/21/2018
Low 148.44
Low Date 10/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 172.39
High Date 03/13/2018
Low 148.44
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 175.17
High Date 01/25/2018
Low 148.44
Low Date 10/26/2018
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.

Copyright© 2004-2016 All rights reserved.