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 is oversold
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week after 3 consecutive negative weeks for the Air Products & Chemicals (APD). During the week, the APD climbed 0.91 points, or 0.58%, and closed at 156.64 on Friday, July 06, 2018. Weekly volume was -25% below average.

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 148.25 and resistance is at 185.06. 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 price is now at the 17.50% retracement level.

Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 21, 2018 at 170.29 and reached 154.29 on July 2, 2018. APD lost 16.00 points, or 9.40%, in 42 days. The price is now at the 14.69% retracement level.

Daily Technical Indicators: [See APD daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since June 14, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

The distance between the Bollinger Bands is 113.12% higher then one year average. It indicates the period of high 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) 26.41
Williams' Percentage Range (W%R) 92.30
Strong Oversold
Lane's Stochastic (%D-Slow) 29.27
Greed/Fear Indicator (GFI) 21.13
Moving Average Converg./Diverg. (MACD) -2.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.98
Williams' Percentage Range (W%R) 93.50
Strong Oversold
Lane's Stochastic (%D-Slow) 35.58
Greed/Fear Indicator (GFI) 29.47
Moving Average Converg./Diverg. (MACD) 1.56
Trading Signals
Description Value Chart
Monthly Trendline Resistance 185.06
Upper Bollinger Band 168.83
50 Day Moving Average 162.91
20 Day Moving Average 159.87
Weekly Stochastic Crossing 158.74
Price 156.64
Daily Stochastic Crossing 155.59
Parabolic System 154.14
Lower Bollinger Band 148.93
Monthly Trendline Support 148.25
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Chemicals-Major Diversifd 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 170.29
High Date 05/21/2018
Low 154.29
Low Date 07/02/2018
Weekly Trend
Monthly Trend
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
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 185.06
Support 148.25
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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