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Quarterly Pattern:Falling Channel
Number of records: 14
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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
Archive
- 7/6/2018
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Acuity Brands Inc
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Summary:
Weekly :Overbought sector
Daily :MACD bearish divergenceDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageBullish Harami CandlestickThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Acuity Brands Inc (AYI). During the week, the AYI gained 12.60 points, or 10.87%, and closed at 128.47 on Friday, July 06, 2018. Weekly volume was 177% above average.

AYI is a member of Services Sector. Services is the second 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 109.98 on May 7, 2018. AYI lost 170.91 points, or 60.85%, in 88 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 103.47 and resistance is at 134.38. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See AYI medium-term trend chart]
A medium-term downtrend had started on July 25, 2017 at 208.83 and reached 109.98 on May 7, 2018. AYI lost 98.85 points, or 47.34%, in 40 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 108.52 and resistance is at 153.39. 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 medium-term trend.

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

The weekly MACD line is above its signal line since June 15, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AYI short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 113.91 and reached 139.69 on July 3, 2018. AYI gained -25.78 points, or -22.63%, in 5 days. The price is now at the 43.52% retracement level.

Daily Technical Indicators: [See AYI daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish 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 bearish 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.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See AYI candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.66
Williams' Percentage Range (W%R) 52.20
Lane's Stochastic (%D-Slow) 46.02
Greed/Fear Indicator (GFI) 50.50
Moving Average Converg./Diverg. (MACD) 0.21 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.78
Williams' Percentage Range (W%R) 64.00
Lane's Stochastic (%D-Slow) 46.85
Greed/Fear Indicator (GFI) 44.06
Moving Average Converg./Diverg. (MACD) -12.15
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 153.39
Yearly Trendline Resistance 134.38
Upper Bollinger Band 129.56
Price 128.47
Daily Stochastic Crossing 127.37
Weekly Stochastic Crossing 125.56
20 Day Moving Average 121.46
50 Day Moving Average 119.02
Parabolic System 114.82
Lower Bollinger Band 113.82
Quarterly Trendline Support 108.52
Yearly Trendline Support 103.47
Sector and Industry
Description Name Rank
Sector Services 8
Industry Electronics Wholesale 85
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 113.91
Low Date 06/28/2018
High 139.69
High Date 07/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 113.91
Low Date 06/28/2018
High 139.69
High Date 07/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.98
Low Date 05/07/2018
High 139.69
High Date 07/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 153.39
Support 108.52
High 208.83
High Date 07/25/2017
Low 109.98
Low Date 05/07/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 134.38
Support 103.47
High 280.89
High Date 08/23/2016
Low 109.98
Low Date 05/07/2018
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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