The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 6
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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
Acuity Brands Inc
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was a second consecutive positive week for the Acuity Brands Inc (AYI). During the week, the AYI gained 4.64 points, or 2.78%, and closed at 171.65 on Friday, December 08, 2017. Weekly volume was -16% below average.

Long-term trend: [See AYI long-term trend chart]
A long-term downtrend had started on July 25, 2017 at 208.83 and reached 153.28 on September 19, 2017. AYI lost 55.55 points, or 26.60%, in 8 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (156.93) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See AYI medium-term trend chart]
A medium-term uptrend had started on September 19, 2017 at 153.28 and reached 180.84 on October 4, 2017. AYI gained -27.56 points, or -17.98%, in 2 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (156.85) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line 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 November 24, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 October 26, 2017 at 155.01 and reached 176.86 on December 4, 2017. AYI gained -21.85 points, or -14.10%, in 39 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is above its signal line since November 27, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 20 Day Moving Average 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.20
Williams' Percentage Range (W%R) 51.50
Lane's Stochastic (%D-Slow) 59.33
Greed/Fear Indicator (GFI) 56.34
Moving Average Converg./Diverg. (MACD) 0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.13
Williams' Percentage Range (W%R) 76.60
Lane's Stochastic (%D-Slow) 38.38
Greed/Fear Indicator (GFI) 36.58
Moving Average Converg./Diverg. (MACD) -8.56
Trading Signals
Description Value Chart
Parabolic System 176.76
Upper Bollinger Band 174.33
Price 171.65
Daily Stochastic Crossing 170.73
20 Day Moving Average 165.10
50 Day Moving Average 164.92
Weekly Stochastic Crossing 164.00
Lower Bollinger Band 157.59
Monthly Trendline Support 156.93
Weekly Trendline Support 156.85
Monthly Trendline Resistance 155.09
Weekly Trendline Resistance 153.99
Sector and Industry
Description Name Rank
Sector Services 7
Industry Electronics Wholesale 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 155.01
Low Date 10/26/2017
High 176.86
High Date 12/04/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 153.99
Support 156.85
Low 153.28
Low Date 09/19/2017
High 180.84
High Date 10/04/2017
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 155.09
Support 156.93
High 208.83
High Date 07/25/2017
Low 153.28
Low Date 09/19/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 280.89
High Date 08/23/2016
Low 153.28
Low Date 09/19/2017
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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