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Monthly Pattern:Rising Wedge
Number of records: 13
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Archive
- 12/8/2017
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Boeing Company
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
Daily :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtThe price is above the upper Bollinger Band
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It was a fourth consecutive positive week for the Boeing Company (BA). During the week, the BA gained 14.52 points, or 5.35%, and closed at 285.90 on Friday, December 08, 2017. It was the best weekly gain since July 28, 2017. Weekly volume was 23% above average.

BA is a member of Industrial Goods Sector. Industrial Goods 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 BA long-term trend chart]
A long-term uptrend had started on March 3, 2009 at 29.05 and reached 287.32 on December 8, 2017. BA gained -258.27 points, or -889.05%, in 457 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (121.10) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 BA medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 102.10 and reached 287.32 on December 8, 2017. BA gained -185.22 points, or -181.41%, in 95 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (181.85) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 BA weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish 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 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. Use the following links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 10, 2017. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See BA short-term trend chart]
A short-term uptrend had started on May 18, 2017 at 175.47 and reached 287.32 on December 8, 2017. BA gained -111.85 points, or -63.74%, in 204 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (279.63) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.10
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 80.05
Overbought
Greed/Fear Indicator (GFI) 82.94
Overbought
Moving Average Converg./Diverg. (MACD) 3.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.85
Overbought
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 86.83
Overbought Bearish
Greed/Fear Indicator (GFI) 83.38
Overbought
Moving Average Converg./Diverg. (MACD) 19.13
Trading Signals
Description Value Chart
Price 285.90
Upper Bollinger Band 285.87
Daily Stochastic Crossing 283.22
Weekly Stochastic Crossing 282.75
Weekly Trendline Support 279.63
Parabolic System 277.12
Weekly Trendline Resistance 276.87
20 Day Moving Average 269.36
50 Day Moving Average 263.86
Lower Bollinger Band 256.74
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry Aerospace/Defense-Maj Dvd 87
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 259.56
Low Date 11/09/2017
High 287.32
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 276.87
Support 279.63
Low 175.47
Low Date 05/18/2017
High 287.32
High Date 12/08/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 191.97
Support 222.74
Low 126.31
Low Date 09/12/2016
High 287.32
High Date 12/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 148.02
Support 181.85
Low 102.10
Low Date 02/11/2016
High 287.32
High Date 12/08/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 212.85
Support 121.10
Low 29.05
Low Date 03/03/2009
High 287.32
High Date 12/08/2017
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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