The Greedy Trader Weekly Analysis
Sign In Aug 17, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Falling Channel
Number of records: 8
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Bed Bath & Beyond
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend support lineTrend resistance at 18.16
Daily :Broken trend support lineThe price touches the lower Bollinger BandThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Bed Bath & Beyond (BBBY). During the week, the BBBY dropped -0.39 points, or -2.10%, and closed at 18.14 on Friday, August 10, 2018. Weekly volume was -54% below average.

BBBY 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 BBBY long-term trend chart]
A long-term downtrend had started on January 8, 2015 at 79.64 and reached 16.52 on May 9, 2018. BBBY lost 63.12 points, or 79.26%, in 173 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (18.16). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See BBBY medium-term trend chart]
A medium-term uptrend had started on May 9, 2018 at 16.52 and reached 21.45 on July 9, 2018. BBBY gained -4.93 points, or -29.84%, in 8 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (20.04) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.

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

The weekly MACD line is above its signal line since June 1, 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 BBBY short-term trend chart]
A short-term downtrend had started on July 9, 2018 at 21.45 and reached 17.86 on August 2, 2018. BBBY lost 3.59 points, or 16.74%, in 24 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (19.03) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a short-term trend.

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

The daily MACD line is below its signal line since July 11, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands is falling, and it was 7.72% on Friday. It is 55.25% lower than one year average. It indicates the period of low volatility of the stock price. 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) 33.96
Williams' Percentage Range (W%R) 64.40
Lane's Stochastic (%D-Slow) 36.15
Greed/Fear Indicator (GFI) 35.23
Moving Average Converg./Diverg. (MACD) -0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.16
Williams' Percentage Range (W%R) 63.40
Lane's Stochastic (%D-Slow) 40.01
Greed/Fear Indicator (GFI) 42.70
Moving Average Converg./Diverg. (MACD) -1.07
Trading Signals
Description Value Chart
Monthly Trendline Support 20.04
Upper Bollinger Band 19.55
50 Day Moving Average 19.44
Weekly Trendline Support 19.03
Parabolic System 18.98
Weekly Stochastic Crossing 18.95
Weekly Trendline Resistance 18.78
20 Day Moving Average 18.77
Daily Stochastic Crossing 18.18
Quarterly Trendline Resistance 18.16
Price 18.14
Lower Bollinger Band 18.13
Sector and Industry
Description Name Rank
Sector Services 8
Industry Home Furnishing Stores 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 18.77
High Date 08/09/2018
Low 18.00
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 18.78
Support 19.03
High 21.45
High Date 07/09/2018
Low 17.86
Low Date 08/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 22.39
Support 20.04
Low 16.52
Low Date 05/09/2018
High 21.45
High Date 07/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 18.16
Support 4.12
High 79.64
High Date 01/08/2015
Low 16.52
Low Date 05/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 80.82
High Date 01/03/2014
Low 16.52
Low Date 05/09/2018
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.

Copyright© 2004-2016 All rights reserved.