The Greedy Trader Weekly Analysis
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Monthly Pattern:Ascending Triangle
Number of records: 1
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Chart Analysis and Chart Pattern Recognition – Ascending Triangle Pattern
The ascending triangle pattern is a variation of symmetrical triangle formation that has a flat resistance line and a rising support line. The higher lows indicate the increasing demand and give the ascending triangle definitive bullish bias. The ascending triangle usually represents an accumulation stage in bullish market. The ascending triangle is considered as a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Volume usually increases on a breakout move. After breakout (similar to rectangle), resistance may turn into potential support and vice versa.
Ascending Triangle Screening page presents a list of stocks forming an Ascending Triangle Pattern.
Tips:
# 1As a continuation pattern, an ascending triangle usually appears within a young trend, characterized by neutral long-term indicators and overbought short-term indicators. An ascending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, an ascending triangle appears in a mature downtrend, characterized by oversold short-term and long-term indicators. This situation usually generates bullish 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 line.
Ascending Triangle Pattern,Ascending Triangle,Ascending Triangle Chart Pattern,Trend Support, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Acuity Brands Inc
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Summary:
Weekly :Overbought sectorWeekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergenceTrend support at 148.07
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineMACD bullish divergence
Move cursor over the icon to see details.

It was the negative week for the Acuity Brands Inc (AYI). During the week, the AYI dropped -2.90 points, or -1.93%, and closed at 147.05 on Friday, February 09, 2018. Weekly volume was 10% above average.

AYI is a member of Services Sector. Services is the most overbought 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 AYI long-term trend chart]
A long-term downtrend had started on August 23, 2016 at 280.89 and reached 141.77 on February 9, 2018. AYI lost 139.12 points, or 49.53%, in 76 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend support (148.07) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See AYI medium-term trend chart]
A medium-term downtrend had started on January 8, 2018 at 186.99 and reached 141.77 on February 9, 2018. AYI lost 45.22 points, or 24.18%, in 4 weeks. The price is now at the 11.68% retracement level.

Weekly Technical Indicators: [See AYI weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, 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 AYI short-term trend chart]
A short-term downtrend had started on January 24, 2018 at 170.32 and reached 141.77 on February 9, 2018. AYI lost 28.55 points, or 16.76%, in 16 days. The price is now at the 18.49% retracement level.

Daily Technical Indicators: [See AYI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence.

The daily MACD line is below its signal line since January 26, 2018. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.17
Williams' Percentage Range (W%R) 81.90
Oversold
Lane's Stochastic (%D-Slow) 17.90
Oversold
Greed/Fear Indicator (GFI) 19.74
Oversold
Moving Average Converg./Diverg. (MACD) -4.44 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.78
Williams' Percentage Range (W%R) 88.50
Oversold
Lane's Stochastic (%D-Slow) 26.68
Bullish
Greed/Fear Indicator (GFI) 27.82
Moving Average Converg./Diverg. (MACD) -5.76
Trading Signals
Description Value Chart
Upper Bollinger Band 172.55
50 Day Moving Average 166.07
20 Day Moving Average 157.86
Weekly Stochastic Crossing 151.52
Parabolic System 151.18
Quarterly Trendline Support 148.07
Price 147.05
Daily Stochastic Crossing 145.64
Lower Bollinger Band 141.12
Sector and Industry
Description Name Rank
Sector Services 9
Industry Electronics Wholesale 68
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 170.32
High Date 01/24/2018
Low 141.77
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 170.32
High Date 01/24/2018
Low 141.77
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 186.99
High Date 01/08/2018
Low 141.77
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Support
Resistance 176.59
Support 148.07
High 280.89
High Date 08/23/2016
Low 141.77
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.02
Low Date 03/09/2009
High 280.89
High Date 08/23/2016
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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