The Greedy Trader Weekly Analysis
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Monthly Pattern:Descending Triangle
Number of records: 2
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Chart Analysis and Chart Pattern Recognition – Descending Triangle Pattern
The descending triangle is a variation of a symmetrical triangle formation that has a flat support line and a falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. The descending triangle usually represents a distribution stage in bearish market. The descending triangle is considered as a continuation pattern, especially in a downtrend, but it may also mark a reversal in an uptrend. Volume usually increases on trend support resistance breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Descending Triangle Screening page presents a list of stocks forming Descending Triangle Pattern.
Tips:
# 1 As a continuation pattern, descending triangle usually appears within a young trend, characterized by neutral long-term indicators and oversold short-term indicators. Descending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, descending triangle appears in a mature uptrend, characterized by overbought long-term and short-term indicators. This situation usually generates bearish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance level. line.
Descending Triangle Pattern,Descending Triangle,Descending Triangle Chart Pattern,Trend support resistance, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
American Water Works Company Inc
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Summary:
Weekly :Oversold sectorLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support line
Daily :Bearish Downside Tasuki Gap CandlestickLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergencePrice is near the Fibonacci 23.6% retracement levelThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the American Water Works Company Inc (AWK). During the week, the AWK dropped -3.28 points, or -4.04%, and closed at 77.94 on Friday, February 09, 2018. Weekly volume was 97% above average.

AWK is a member of Utilities Sector. Utilities is the 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 AWK long-term trend chart]
A long-term uptrend had started on November 10, 2016 at 69.41 and reached 92.37 on December 11, 2017. AWK gained -22.96 points, or -33.08%, in 56 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (82.20) 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. AWK 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 AWK medium-term trend chart]
A medium-term downtrend had started on December 11, 2017 at 92.37 and reached 76.04 on February 8, 2018. AWK lost 16.33 points, or 17.68%, in 8 weeks. The price is now at the 11.64% retracement level.

Weekly Technical Indicators: [See AWK 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 January 5, 2018. 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 AWK short-term trend chart]
A short-term downtrend had started on January 26, 2018 at 85.00 and reached 76.04 on February 8, 2018. AWK lost 8.96 points, or 10.54%, in 13 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See AWK 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. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index 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 the Bollinger Bands is 104.61% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Candlestick pattern: [See AWK candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.12
Bullish
Williams' Percentage Range (W%R) 93.60
Strong Oversold
Lane's Stochastic (%D-Slow) 13.60
Oversold Bullish
Greed/Fear Indicator (GFI) 17.36
Oversold
Moving Average Converg./Diverg. (MACD) -1.94 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.05
Williams' Percentage Range (W%R) 96.50
Strong Oversold
Lane's Stochastic (%D-Slow) 15.63
Oversold
Greed/Fear Indicator (GFI) 18.95
Oversold
Moving Average Converg./Diverg. (MACD) 1.87
Trading Signals
Description Value Chart
Upper Bollinger Band 86.72
50 Day Moving Average 86.51
Quarterly Trendline Support 82.20
20 Day Moving Average 81.71
Parabolic System 81.40
Weekly Stochastic Crossing 78.79
Price 77.94
Daily Stochastic Crossing 77.25
Lower Bollinger Band 76.98
Sector and Industry
Description Name Rank
Sector Utilities 1
Industry Water Utilities 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 85.00
High Date 01/26/2018
Low 76.04
Low Date 02/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.00
High Date 01/26/2018
Low 76.04
Low Date 02/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.37
High Date 12/11/2017
Low 76.04
Low Date 02/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 94.70
Support 82.20
Low 69.41
Low Date 11/10/2016
High 92.37
High Date 12/11/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.41
Low Date 05/25/2010
High 92.37
High Date 12/11/2017
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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