The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rectangle
Number of records: 1
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Rectangle Chart Pattern - Rectangle Pattern and Chart analysis
A rectangle chart pattern is characterized as a short-term horizontal channel, and it represents a trading range and indecision area that usually resolves in the direction of the main trend. Chart analysis usually considers the rectangle pattern as a continuation formation, but it can also mark significant top and bottom. The rectangle pattern within a younger parent trend has more chances to mark a continuation. To estimate the maturity of the parent trend, consult technical indicators. Volume should increase during breakout, but in contrast with other continuation patterns, the rectangle does not inherit standard volume behavior. After breakout, the rectangle pattern resistance may turn into potential support and vice versa.
Tips:
# 1 As a continuation pattern, the rectangle pattern usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold daily indicators. The pattern resets short-term indicators to neutral and then continues movement in the parent's direction.
# 2 As a reversal formation, the pattern appears in a mature trend characterized by overbought/oversold indicators on long and short time frames. This situation usually generates divergence on weekly indicators.
# 3 For the best results, the rectangle chart pattern should be considered together with other technical analysis signals, chart analysis, and technical trading techniques.
Estimated target: the higher level parent's support/resistance line.
Rectangle, chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Boston Properties
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Summary:
Weekly :Oversold sectorBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldRelative Strength Index bullish divergence
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the Boston Properties (BXP). During the week, the BXP dropped -3.99 points, or -3.34%, and closed at 115.35 on Friday, February 09, 2018. Weekly volume was 68% above average.

BXP is a member of Financial Sector. Financial is the second 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 BXP long-term trend chart]
A long-term downtrend had started on August 10, 2016 at 144.02 and reached 111.82 on February 9, 2018. BXP lost 32.20 points, or 22.36%, in 78 weeks. The price is now at the 10.96% retracement level.

Medium-term trend: [See BXP medium-term trend chart]
A medium-term downtrend had started on December 18, 2017 at 132.00 and reached 111.82 on February 9, 2018. BXP lost 20.18 points, or 15.29%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (118.14) is broken, while daily and weekly technical indicators are oversold. Downtrend 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 support in a medium-term trend.

Weekly Technical Indicators: [See BXP weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since January 19, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BXP short-term trend chart]
A short-term downtrend had started on January 31, 2018 at 125.37 and reached 111.82 on February 9, 2018. BXP lost 13.55 points, or 10.81%, in 9 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See BXP daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.

The daily MACD line is below its signal line since January 3, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.77
Williams' Percentage Range (W%R) 90.50
Strong Oversold
Lane's Stochastic (%D-Slow) 16.05
Oversold
Greed/Fear Indicator (GFI) 20.09
Moving Average Converg./Diverg. (MACD) -2.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.75
Bullish
Williams' Percentage Range (W%R) 93.70
Strong Oversold
Lane's Stochastic (%D-Slow) 18.75
Oversold
Greed/Fear Indicator (GFI) 22.48
Moving Average Converg./Diverg. (MACD) 0.00
Trading Signals
Description Value Chart
Upper Bollinger Band 126.75
50 Day Moving Average 124.25
Weekly Trendline Resistance 122.66
20 Day Moving Average 120.09
Parabolic System 119.85
Weekly Trendline Support 118.14
Price 115.35
Daily Stochastic Crossing 114.49
Weekly Stochastic Crossing 114.41
Lower Bollinger Band 112.68
Sector and Industry
Description Name Rank
Sector Financial 2
Industry Property Management 20
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 125.37
High Date 01/31/2018
Low 111.82
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 122.66
Support 118.14
High 132.00
High Date 12/18/2017
Low 111.82
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 140.13
High Date 02/27/2017
Low 111.82
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 144.02
High Date 08/10/2016
Low 111.82
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.30
Low Date 03/06/2009
High 146.07
High Date 01/28/2015
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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