The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 9
Symbol:  

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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 :Broken trend support line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a third consecutive positive week for the AvalonBay Communities (AVB). During the week, the AVB gained 2.03 points, or 1.24%, and closed at 166.38 on Friday, May 11, 2018. Weekly volume was -16% below average.

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 (180.82) 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 AVB medium-term trend chart]
A medium-term downtrend had started on June 5, 2017 at 199.52 and reached 152.65 on March 5, 2018. AVB lost 46.87 points, or 23.49%, in 39 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 141.88 and resistance is at 177.16. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since April 6, 2018. Use the following link to access a MACD help.

Short-term trend: [See AVB short-term trend chart]
A short-term uptrend had started on April 26, 2018 at 157.90 and reached 168.30 on May 11, 2018. AVB gained -10.40 points, or -6.59%, in 15 days. The price is now at the 18.46% retracement level.

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.17
Williams' Percentage Range (W%R) 0.80
Strong Overbought
Lane's Stochastic (%D-Slow) 89.92
Overbought
Greed/Fear Indicator (GFI) 85.11
Overbought
Moving Average Converg./Diverg. (MACD) 0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.19
Williams' Percentage Range (W%R) 50.70
Lane's Stochastic (%D-Slow) 75.43
Greed/Fear Indicator (GFI) 59.75
Moving Average Converg./Diverg. (MACD) -4.99
Trading Signals
Description Value Chart
Yearly Trendline Support 180.82
Quarterly Trendline Resistance 177.16
Upper Bollinger Band 168.45
Daily Stochastic Crossing 167.51
Price 166.38
Weekly Stochastic Crossing 165.00
20 Day Moving Average 163.99
50 Day Moving Average 163.11
Parabolic System 161.46
Lower Bollinger Band 160.38
Quarterly Trendline Support 141.88
Sector and Industry
Description Name Rank
Sector Financial 7
Industry REIT - Residential 142
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 161.54
Low Date 05/03/2018
High 168.30
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 157.90
Low Date 04/26/2018
High 168.30
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 152.65
Low Date 03/05/2018
High 168.30
High Date 05/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 177.16
Support 141.88
High 199.52
High Date 06/05/2017
Low 152.65
Low Date 03/05/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 210.61
Support 180.82
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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