The Greedy Trader Weekly Analysis
Sign In Feb 16, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Rising Pennant
Number of records: 3
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 – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

Archive
- 2/9/2018
Sign In to see current Signals.
Air Products & Chemicals
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend resistance line
Daily :Broken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversoldBullish Harami CandlestickThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the Air Products & Chemicals (APD). During the week, the APD dropped -4.75 points, or -2.92%, and closed at 158.09 on Friday, February 09, 2018. Weekly volume was 48% above 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 175.17 on January 25, 2018. APD gained -60.53 points, or -52.80%, in 105 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (148.79) 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 175.17 on January 25, 2018. APD gained -46.17 points, or -35.79%, in 65 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend resistance line (150.32) 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 technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 175.17 on January 25, 2018. APD gained -41.54 points, or -31.09%, in 304 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (153.94) 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since January 26, 2018. The distance between MACD and the signal line is relatively high and getting bigger.

The distance between the Bollinger Bands (13.76%) is close to one year high (10.45%). It is 198.67% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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 APD candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.80
Williams' Percentage Range (W%R) 89.10
Oversold
Lane's Stochastic (%D-Slow) 18.85
Oversold
Greed/Fear Indicator (GFI) 22.52
Moving Average Converg./Diverg. (MACD) -0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.04
Williams' Percentage Range (W%R) 79.30
Lane's Stochastic (%D-Slow) 61.12
Greed/Fear Indicator (GFI) 42.99
Moving Average Converg./Diverg. (MACD) 4.98
Trading Signals
Description Value Chart
Upper Bollinger Band 174.39
20 Day Moving Average 165.58
Weekly Stochastic Crossing 164.73
50 Day Moving Average 164.56
Parabolic System 162.96
Price 158.09
Daily Stochastic Crossing 156.46
Weekly Trendline Resistance 154.30
Weekly Trendline Support 153.94
Lower Bollinger Band 152.61
Monthly Trendline Support 150.32
Quarterly Trendline Support 148.79
Monthly Trendline Resistance 142.14
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Chemicals-Major Diversifd 53
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 140.78
Low Date 06/29/2017
High 175.17
High Date 01/25/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 154.30
Support 153.94
Low 133.63
Low Date 03/27/2017
High 175.17
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 142.14
Support 150.32
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 Falling Pennant
Status Broken Resistance
Resistance 119.28
Support 148.79
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.