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Quarterly Pattern:Symmetric Triangle
Number of records: 6
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Archive
- 11/30/2018
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Amphenol Corp.
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Summary:
Weekly :Broken trend support line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the Amphenol Corp. (APH). During the week, the APH gained 2.96 points, or 3.48%, and closed at 87.94 on Friday, November 30, 2018. Weekly volume was 18% above average.

Long-term trend: [See APH long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 44.50 and reached 97.56 on September 14, 2018. APH gained -53.06 points, or -119.24%, in 138 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (90.06) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See APH medium-term trend chart]
A medium-term downtrend had started on September 14, 2018 at 97.56 and reached 80.87 on October 23, 2018. APH lost 16.69 points, or 17.11%, in 5 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 84.69 and resistance is at 90.40. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See APH weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 5, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See APH short-term trend chart]
A short-term uptrend had started on November 20, 2018 at 83.70 and reached 88.01 on November 30, 2018. APH gained -4.31 points, or -5.15%, in 10 days. Price is near the trend high.

Daily Technical Indicators: [See APH daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.99
Williams' Percentage Range (W%R) 59.30
Lane's Stochastic (%D-Slow) 42.69
Greed/Fear Indicator (GFI) 41.14
Moving Average Converg./Diverg. (MACD) -0.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.77
Williams' Percentage Range (W%R) 61.80
Lane's Stochastic (%D-Slow) 42.76
Greed/Fear Indicator (GFI) 41.46
Moving Average Converg./Diverg. (MACD) 0.22
Trading Signals
Description Value Chart
Yearly Trendline Resistance 98.85
Upper Bollinger Band 92.01
Quarterly Trendline Resistance 90.40
Yearly Trendline Support 90.06
50 Day Moving Average 88.34
Price 87.94
20 Day Moving Average 87.80
Weekly Stochastic Crossing 85.85
Daily Stochastic Crossing 85.77
Monthly Trendline Resistance 85.34
Quarterly Trendline Support 84.69
Parabolic System 83.79
Lower Bollinger Band 81.98
Monthly Trendline Support 77.54
Sector and Industry
Description Name Rank
Sector Technology 3
Industry Diversified Electronics 41
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.70
Low Date 11/20/2018
High 88.01
High Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.70
Low Date 11/20/2018
High 88.01
High Date 11/30/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 85.34
Support 77.54
High 92.39
High Date 11/08/2018
Low 83.70
Low Date 11/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 90.40
Support 84.69
High 97.56
High Date 09/14/2018
Low 80.87
Low Date 10/23/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 98.85
Support 90.06
Low 44.50
Low Date 01/20/2016
High 97.56
High Date 09/14/2018
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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