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Monthly Pattern:Falling Channel
Number of records: 5
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
AvalonBay Communities
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Summary:
Weekly :Oversold sectorOversold industryBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Broken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe Bollinger Bands are historically far apart
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It was the negative week for the AvalonBay Communities (AVB). During the week, the AVB dropped -4.35 points, or -2.65%, and closed at 159.61 on Friday, February 09, 2018. Weekly volume was 127% above average.

AVB is a member of Financial Sector. Financial is the second most oversold sector. AVB is a member of REIT - Residential Industry. REIT - Residential is the third most oversold industry. 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 AVB long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 38.34 and reached 199.52 on June 5, 2017. AVB gained -161.18 points, or -420.40%, in 430 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (176.94) 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. AVB 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 long-term trend.

Medium-term trend: [See AVB medium-term trend chart]
A medium-term downtrend had started on June 5, 2017 at 199.52 and reached 154.82 on February 8, 2018. AVB lost 44.70 points, or 22.40%, in 35 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend support line (163.62) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 AVB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since July 7, 2017. 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 AVB short-term trend chart]
A short-term downtrend had started on November 10, 2017 at 188.91 and reached 154.82 on February 8, 2018. AVB lost 34.09 points, or 18.05%, in 90 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (162.54) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 AVB daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.

The daily MACD line is below its signal line since January 31, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (12.61%) is close to one year high (9.39%). It is 161.39% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.81
Williams' Percentage Range (W%R) 93.50
Strong Oversold
Lane's Stochastic (%D-Slow) 14.32
Oversold
Greed/Fear Indicator (GFI) 18.54
Oversold
Moving Average Converg./Diverg. (MACD) -3.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.58
Williams' Percentage Range (W%R) 96.50
Strong Oversold
Lane's Stochastic (%D-Slow) 10.03
Oversold
Greed/Fear Indicator (GFI) 15.69
Oversold
Moving Average Converg./Diverg. (MACD) -2.75
Trading Signals
Description Value Chart
Monthly Trendline Resistance 182.79
Yearly Trendline Support 176.94
Upper Bollinger Band 175.81
50 Day Moving Average 173.63
Weekly Trendline Resistance 168.40
20 Day Moving Average 166.21
Monthly Trendline Support 163.62
Parabolic System 162.84
Weekly Trendline Support 162.54
Price 159.61
Weekly Stochastic Crossing 158.15
Daily Stochastic Crossing 157.76
Lower Bollinger Band 155.69
Sector and Industry
Description Name Rank
Sector Financial 2
Industry REIT - Residential 3
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 173.02
High Date 01/24/2018
Low 154.82
Low Date 02/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 168.40
Support 162.54
High 188.91
High Date 11/10/2017
Low 154.82
Low Date 02/08/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Support
Resistance 182.79
Support 163.62
High 199.52
High Date 06/05/2017
Low 154.82
Low Date 02/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 158.32
Low Date 11/23/2016
High 199.52
High Date 06/05/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 211.23
Support 176.94
Low 38.34
Low Date 03/06/2009
High 199.52
High Date 06/05/2017
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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