The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 10
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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
Bed Bath & Beyond
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Summary:
Weekly :Overbought sectorOversold industryWilliams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal line
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Bed Bath & Beyond (BBBY). During the week, the BBBY gained 1.24 points, or 7.38%, and closed at 18.05 on Friday, May 18, 2018. It was the best weekly gain since January 12, 2018. Weekly volume was -11% below average.

BBBY is a member of Services Sector. Services is the most overbought sector. BBBY is a member of Home Furnishing Stores Industry. Home Furnishing Stores is the fifth most oversold industry. 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 Wedge chart pattern. The trend support level is at 33.73 and resistance is at 15.49. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.

Medium-term trend: [See BBBY medium-term trend chart]
A medium-term downtrend had started on December 20, 2017 at 24.74 and reached 16.52 on May 9, 2018. BBBY lost 8.22 points, or 33.23%, in 20 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 15.40 and resistance is at 21.26. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See BBBY weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 13, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See BBBY short-term trend chart]
A short-term uptrend had started on May 9, 2018 at 16.52 and reached 18.19 on May 18, 2018. BBBY gained -1.67 points, or -10.11%, in 9 days. The price is now at the 8.38% retracement level.

Daily Technical Indicators: [See BBBY daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

The daily MACD line is above its signal line since April 26, 2018. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 price has moved above the moving average in the center of the Bollinger Bands. 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) 59.61
Williams' Percentage Range (W%R) 30.80
Lane's Stochastic (%D-Slow) 77.91
Greed/Fear Indicator (GFI) 68.92
Moving Average Converg./Diverg. (MACD) -0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.42
Williams' Percentage Range (W%R) 83.30
Oversold
Lane's Stochastic (%D-Slow) 8.38
Strong Oversold
Greed/Fear Indicator (GFI) 22.44
Moving Average Converg./Diverg. (MACD) -1.77
Trading Signals
Description Value Chart
Monthly Trendline Resistance 21.26
50 Day Moving Average 19.27
Upper Bollinger Band 18.53
Price 18.05
Daily Stochastic Crossing 17.95
20 Day Moving Average 17.35
Weekly Stochastic Crossing 16.99
Lower Bollinger Band 16.83
Parabolic System 16.76
Quarterly Trendline Resistance 15.49
Monthly Trendline Support 15.40
Sector and Industry
Description Name Rank
Sector Services 9
Industry Home Furnishing Stores 5
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16.52
Low Date 05/09/2018
High 18.19
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 23.42
High Date 02/15/2018
Low 16.52
Low Date 05/09/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 21.26
Support 15.40
High 24.74
High Date 12/20/2017
Low 16.52
Low Date 05/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 15.49
Support 33.73
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.

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