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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
Acuity Brands Inc
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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageBearish Downside Gap Three Methods CandlestickRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineThe Bollinger Bands are historically far apart
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 -8.22 points, or -6.28%, and closed at 122.77 on Friday, October 12, 2018. Weekly volume was 6% above average.

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 downtrend resistance line (87.61) 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 May 7, 2018 at 109.98 and reached 173.01 on September 21, 2018. AYI gained -63.03 points, or -57.31%, in 19 weeks. The price is now at the 79.71% 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. 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 September 21, 2018 at 173.01 and reached 119.19 on October 12, 2018. AYI lost 53.82 points, or 31.11%, in 21 days. The price is now at the 6.65% retracement level.

Daily Technical Indicators: [See AYI daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Relative Strength Index, 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. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since September 24, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands (52.65%) is close to one year high (28.31%). It is 286.83% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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 Bearish Downside Gap Three Methods Candlestick pattern. This is a continuation pattern which occurs when the market is moving strongly downward. The reliability of the Bearish Downside Gap Three Methods pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Gap Three Methods Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 8.46
Strong Oversold
Williams' Percentage Range (W%R) 97.30
Strong Oversold
Lane's Stochastic (%D-Slow) 2.81
Strong Oversold
Greed/Fear Indicator (GFI) 4.65
Strong Oversold
Moving Average Converg./Diverg. (MACD) -3.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.79
Williams' Percentage Range (W%R) 88.60
Oversold
Lane's Stochastic (%D-Slow) 54.72
Greed/Fear Indicator (GFI) 37.35
Moving Average Converg./Diverg. (MACD) 0.47
Trading Signals
Description Value Chart
Upper Bollinger Band 172.70
50 Day Moving Average 146.88
20 Day Moving Average 146.61
Weekly Stochastic Crossing 144.33
Parabolic System 133.77
Price 122.77
Daily Stochastic Crossing 120.01
Yearly Trendline Resistance 112.75
Lower Bollinger Band 108.04
Sector and Industry
Description Name Rank
Sector Services 7
Industry Electronics Wholesale 66
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 173.01
High Date 09/21/2018
Low 119.19
Low Date 10/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 173.01
High Date 09/21/2018
Low 119.19
Low Date 10/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 173.01
High Date 09/21/2018
Low 119.19
Low Date 10/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 109.98
Low Date 05/07/2018
High 173.01
High Date 09/21/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 112.75
Support 87.61
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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