The Greedy Trader Weekly Analysis
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Quarterly Pattern:Symmetric Triangle
Number of records: 10
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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.

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- 4/19/2024 -
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Alexandria Real Estate Equities (ARE) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineOversold sectorBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldBroken trend support line
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It was the negative week for the Alexandria Real Estate Equities (ARE). During the week, the ARE dropped -6.15 points, or -5.05%, and closed at 115.69 on Friday, April 19, 2024. It was the worst weekly loss since November 10, 2023. Weekly volume was -23% below average.

ARE is a member of Real Estate Sector. Real Estate is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ARE long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 224.95 and reached 90.73 on October 31, 2023. ARE lost 134.22 points, or 59.67%, in 95 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 74.27 and resistance is at 132.43. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See ARE medium-term trend chart]
A medium-term uptrend had started on October 31, 2023 at 90.73 and reached 135.45 on December 14, 2023. ARE gained -44.72 points, or -49.29%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (124.45) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ARE may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See ARE 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 ARE short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 111.19 and reached 129.81 on April 9, 2024. ARE gained -18.62 points, or -16.75%, in 56 days. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (123.72) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ARE may retest the broken support line. It is considered to be a resistance line now. 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 short-term trend.

Daily Technical Indicators: [See ARE daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 April 9, 2024.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.41
Williams' Percentage Range (W%R) 83.10
Oversold
Lane's Stochastic (%D-Slow) 6.78
Strong Oversold
Greed/Fear Indicator (GFI) 18.36
Oversold
Moving Average Converg./Diverg. (MACD) -0.76
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.22
Williams' Percentage Range (W%R) 56.20
Lane's Stochastic (%D-Slow) 66.19
Greed/Fear Indicator (GFI) 52.53
Moving Average Converg./Diverg. (MACD) 2.02
Trading Signals
Description Value Chart
Yearly Trendline Resistance 132.43
Upper Bollinger Band 129.88
Weekly Trendline Resistance 129.85
Quarterly Trendline Resistance 129.23
Quarterly Trendline Support 124.45
Weekly Stochastic Crossing 124.21
Weekly Trendline Support 123.72
20 Day Moving Average 123.12
Parabolic System 123.10
50 Day Moving Average 122.51
Price 115.69
Daily Stochastic Crossing 115.34
Lower Bollinger Band 113.50
Sector and Industry
Description Name Rank
Sector Real Estate 2
Industry Office REITs 53
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 129.81
High Date 04/09/2024
Low 114.66
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 129.85
Support 123.72
Low 111.19
Low Date 02/13/2024
High 129.81
High Date 04/09/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 135.45
High Date 12/14/2023
Low 111.19
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 129.23
Support 124.45
Low 90.73
Low Date 10/31/2023
High 135.45
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 132.43
Support 74.27
High 224.95
High Date 12/31/2021
Low 90.73
Low Date 10/31/2023
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.