The Greedy Trader Weekly Analysis
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Quarterly Pattern:Symmetric Triangle
Number of records: 4
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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
Amphenol Corp.
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Summary:
Weekly :
Daily :The price has fallen below the Parabolic SARLane's Stochastic is oversoldPrice has crossed below the 50 Day Moving AverageBullish Homing Pigeon CandlestickPrice is near the Fibonacci 23.6% retracement levelThe price touches the lower Bollinger BandThe Bollinger Bands are historically far apart
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It was the negative week for the Amphenol Corp. (APH). During the week, the APH dropped -6.47 points, or -7.09%, and closed at 84.78 on Friday, February 09, 2018. Weekly volume was 100% 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 93.62 on January 19, 2018. APH gained -49.12 points, or -110.38%, in 104 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 81.35 and resistance is at 87.00. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See APH medium-term trend chart]
A medium-term uptrend had started on July 26, 2017 at 74.03 and reached 93.62 on January 19, 2018. APH gained -19.59 points, or -26.46%, in 25 weeks. The price is now at the 45.13% retracement level.

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

The weekly MACD line is below its signal line since December 15, 2017. Use the following link to access a MACD help.

Short-term trend: [See APH short-term trend chart]
A short-term downtrend had started on February 1, 2018 at 93.52 and reached 82.15 on February 9, 2018. APH lost 11.37 points, or 12.16%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See APH daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since February 1, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 price touches the lower Bollinger Band. The distance between the Bollinger Bands (11.84%) is close to one year high (9.22%). It is 136.29% 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Candlestick pattern: [See APH candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.47
Williams' Percentage Range (W%R) 75.70
Lane's Stochastic (%D-Slow) 19.80
Oversold
Greed/Fear Indicator (GFI) 21.87
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.74
Williams' Percentage Range (W%R) 71.90
Lane's Stochastic (%D-Slow) 68.00
Greed/Fear Indicator (GFI) 47.24
Moving Average Converg./Diverg. (MACD) 3.60
Trading Signals
Description Value Chart
Upper Bollinger Band 94.67
Parabolic System 91.65
20 Day Moving Average 90.82
50 Day Moving Average 89.75
Weekly Stochastic Crossing 89.64
Yearly Trendline Resistance 87.00
Daily Stochastic Crossing 84.79
Price 84.78
Lower Bollinger Band 84.61
Yearly Trendline Support 81.35
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Diversified Electronics 94
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 93.52
High Date 02/01/2018
Low 82.15
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 93.52
High Date 02/01/2018
Low 82.15
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 93.62
High Date 01/19/2018
Low 82.15
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 74.03
Low Date 07/26/2017
High 93.62
High Date 01/19/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 87.00
Support 81.35
Low 44.50
Low Date 01/20/2016
High 93.62
High Date 01/19/2018
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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