The Greedy Trader Weekly Analysis
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Quarterly Pattern:Ascending Triangle
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Ascending Triangle Pattern
The ascending triangle pattern is a variation of symmetrical triangle formation that has a flat resistance line and a rising support line. The higher lows indicate the increasing demand and give the ascending triangle definitive bullish bias. The ascending triangle usually represents an accumulation stage in bullish market. The ascending triangle is considered as a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Volume usually increases on a breakout move. After breakout (similar to rectangle), resistance may turn into potential support and vice versa.
Ascending Triangle Screening page presents a list of stocks forming an Ascending Triangle Pattern.
Tips:
# 1As a continuation pattern, an ascending triangle usually appears within a young trend, characterized by neutral long-term indicators and overbought short-term indicators. An ascending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, an ascending triangle appears in a mature downtrend, characterized by oversold short-term and long-term indicators. This situation usually generates bullish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Ascending Triangle Pattern,Ascending Triangle,Ascending Triangle Chart Pattern,Trend Support, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Ball Corp.
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Summary:
Weekly :Oversold sectorBroken trend support linePrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is oversoldPrice is near the Fibonacci 38.2% retracement level
Move cursor over the icon to see details.

It was the negative week for the Ball Corp. (BLL). During the week, the BLL dropped -0.59 points, or -1.53%, and closed at 37.96 on Friday, May 18, 2018. Weekly volume was -22% below average.

BLL is a member of Consumer Goods Sector. Consumer Goods is the most oversold 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 BLL long-term trend chart]
A long-term uptrend had started on February 6, 2018 at 35.60 and reached 41.99 on March 13, 2018. BLL gained -6.39 points, or -17.95%, in 5 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (41.24) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BLL may retest the broken support line. It is considered to be a resistance line now. 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 long-term trend.

Medium-term trend: [See BLL medium-term trend chart]
A medium-term downtrend had started on March 13, 2018 at 41.99 and reached 36.74 on May 3, 2018. BLL lost 5.25 points, or 12.50%, in 7 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since October 6, 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 BLL short-term trend chart]
A short-term downtrend had started on May 10, 2018 at 38.93 and reached 37.36 on May 18, 2018. BLL lost 1.57 points, or 4.03%, in 8 days. Price is near the Fibonacci 38.2% retracement level.

Daily Technical Indicators: [See BLL daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is below its signal line since April 24, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.22
Williams' Percentage Range (W%R) 81.70
Oversold
Lane's Stochastic (%D-Slow) 41.52
Greed/Fear Indicator (GFI) 30.36
Moving Average Converg./Diverg. (MACD) -0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.34
Williams' Percentage Range (W%R) 70.10
Lane's Stochastic (%D-Slow) 43.08
Greed/Fear Indicator (GFI) 39.73
Moving Average Converg./Diverg. (MACD) -1.99
Trading Signals
Description Value Chart
Yearly Trendline Resistance 41.28
Yearly Trendline Support 41.24
Upper Bollinger Band 40.75
50 Day Moving Average 39.71
20 Day Moving Average 38.93
Weekly Stochastic Crossing 38.41
Price 37.96
Daily Stochastic Crossing 37.95
Parabolic System 37.33
Lower Bollinger Band 36.85
Sector and Industry
Description Name Rank
Sector Consumer Goods 1
Industry Packaging & Containers 40
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 38.93
High Date 05/10/2018
Low 37.36
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.93
High Date 05/10/2018
Low 37.36
Low Date 05/18/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.61
High Date 04/18/2018
Low 36.74
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.99
High Date 03/13/2018
Low 36.74
Low Date 05/03/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 41.28
Support 41.24
Low 35.60
Low Date 02/06/2018
High 41.99
High Date 03/13/2018
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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