The Greedy Trader Weekly Analysis
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Quarterly Pattern:Ascending Triangle
Number of records: 2
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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.
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Ball Corp.
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Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.56
Bullish
Williams' Percentage Range (W%R) 67.80
Lane's Stochastic (%D-Slow) 36.63
Bullish
Greed/Fear Indicator (GFI) 38.78
Moving Average Converg./Diverg. (MACD) -0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 94.45
Strong Overbought
Williams' Percentage Range (W%R) 73.30
Lane's Stochastic (%D-Slow) 31.27
Greed/Fear Indicator (GFI) 35.44
Moving Average Converg./Diverg. (MACD) -7.81
Trading Signals
Description Value Chart
Yearly Trendline Support 44.09
Yearly Trendline Resistance 44.04
Upper Bollinger Band 41.55
50 Day Moving Average 41.28
Parabolic System 40.36
20 Day Moving Average 40.15
Price 39.74
Weekly Stochastic Crossing 39.74
Daily Stochastic Crossing 39.42
Lower Bollinger Band 39.01
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Packaging & Containers 47
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 40.69
High Date 11/16/2017
Low 38.98
Low Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 40.69
High Date 11/16/2017
Low 38.98
Low Date 12/01/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 40.69
High Date 11/16/2017
Low 38.98
Low Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.24
High Date 11/01/2017
Low 38.98
Low Date 12/01/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 44.04
Support 44.09
Low 38.79
Low Date 08/29/2017
High 43.24
High Date 11/01/2017
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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