The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Wedge
Number of records: 11
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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
Boeing Company
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was a first positive week for the Boeing Company (BA). During the week, the BA gained 14.57 points, or 3.92%, and closed at 386.47 on Friday, October 05, 2018. It was the best weekly gain since July 13, 2018. BA was trading at average weekly trading volume.

Long-term trend: [See BA long-term trend chart]
A long-term uptrend had started on March 3, 2009 at 29.05 and reached 394.28 on October 3, 2018. BA gained -365.23 points, or -1257.25%, in 500 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (129.18) 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 394.28 on October 3, 2018. BA gained -292.18 points, or -286.17%, in 137 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 381.98 and resistance is at 387.88. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 September 11, 2018 at 337.31 and reached 394.28 on October 3, 2018. BA gained -56.97 points, or -16.89%, in 22 days. The chart has formed a Rising Channel chart pattern.

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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since September 11, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (383.29) comes close to the price (386.47). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.97
Williams' Percentage Range (W%R) 9.30
Strong Overbought
Lane's Stochastic (%D-Slow) 87.83
Overbought
Greed/Fear Indicator (GFI) 85.18
Overbought
Moving Average Converg./Diverg. (MACD) 7.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.37
Williams' Percentage Range (W%R) 7.90
Strong Overbought
Lane's Stochastic (%D-Slow) 77.75
Greed/Fear Indicator (GFI) 76.29
Moving Average Converg./Diverg. (MACD) 9.78
Trading Signals
Description Value Chart
Upper Bollinger Band 398.33
Daily Stochastic Crossing 390.07
Quarterly Trendline Resistance 387.88
Price 386.47
Weekly Stochastic Crossing 383.69
Parabolic System 383.29
Quarterly Trendline Support 381.98
20 Day Moving Average 367.86
50 Day Moving Average 355.91
Lower Bollinger Band 343.12
Monthly Trendline Resistance 340.94
Monthly Trendline Support 338.05
Sector and Industry
Description Name Rank
Sector Industrial Goods 7
Industry Aerospace/Defense-Maj Dvd 135
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 337.31
Low Date 09/11/2018
High 394.28
High Date 10/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 328.03
Low Date 08/15/2018
High 394.28
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 340.94
Support 338.05
Low 327.29
Low Date 06/28/2018
High 394.28
High Date 10/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 387.88
Support 381.98
Low 102.10
Low Date 02/11/2016
High 394.28
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 228.21
Support 129.18
Low 29.05
Low Date 03/03/2009
High 394.28
High Date 10/03/2018
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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