The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Pennant
Number of records: 3
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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.

Air Products & Chemicals
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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 gained 1.83 points, or 1.10%, and closed at 168.88 on Friday, October 05, 2018. Weekly volume was -25% 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 175.17 on January 25, 2018. APD gained -60.53 points, or -52.80%, in 105 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 164.75 and resistance is at 183.91. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See APD medium-term trend chart]
A medium-term uptrend had started on February 8, 2018 at 152.71 and reached 172.39 on March 13, 2018. APD gained -19.68 points, or -12.89%, in 4 weeks. The price is now at the 17.84% retracement level.

Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 weekly MACD line is above its signal line since August 17, 2018. This is an indication that the medium-term trend is up. 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 July 20, 2018 at 153.01 and reached 171.66 on September 21, 2018. APD gained -18.65 points, or -12.19%, in 63 days. The chart has formed a Rising Wedge chart pattern.

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

The daily MACD line is below its signal line since September 25, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.13% on Friday. It is 51.26% lower than one year average. It indicates the period of low volatility of the stock price. 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) 50.57
Williams' Percentage Range (W%R) 35.10
Lane's Stochastic (%D-Slow) 62.80
Greed/Fear Indicator (GFI) 59.42
Moving Average Converg./Diverg. (MACD) 1.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.71
Williams' Percentage Range (W%R) 12.30
Overbought
Lane's Stochastic (%D-Slow) 84.51
Overbought
Greed/Fear Indicator (GFI) 76.91
Moving Average Converg./Diverg. (MACD) 0.93
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 183.91
Upper Bollinger Band 170.98
Weekly Stochastic Crossing 169.70
Daily Stochastic Crossing 169.59
Price 168.88
20 Day Moving Average 168.64
Parabolic System 166.22
50 Day Moving Average 165.77
Lower Bollinger Band 165.69
Quarterly Trendline Support 164.75
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Chemicals-Major Diversifd 87
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 153.01
Low Date 07/20/2018
High 171.66
High Date 09/21/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 152.71
Low Date 02/08/2018
High 172.39
High Date 03/13/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 175.17
High Date 01/25/2018
Low 152.71
Low Date 02/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 183.91
Support 164.75
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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