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 :Weekly  MACD line has moved below its signal lineBroken trend support line
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Boston Properties (BXP). During the week, the BXP dropped -7.29 points, or -5.86%, and closed at 117.09 on Friday, May 18, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was 55% above average.

Long-term trend: [See BXP long-term trend chart]
A long-term downtrend had started on August 10, 2016 at 144.02 and reached 111.57 on February 12, 2018. BXP lost 32.45 points, or 22.53%, in 78 weeks. The price is now at the 17.01% retracement level.

Medium-term trend: [See BXP medium-term trend chart]
A medium-term uptrend had started on April 25, 2018 at 116.43 and reached 125.30 on May 11, 2018. BXP gained -8.87 points, or -7.62%, in 2 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (124.08) 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. BXP 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 medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 May 11, 2018 at 125.30 and reached 116.44 on May 18, 2018. BXP lost 8.86 points, or 7.07%, in 7 days. The price is now at the 7.34% retracement 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. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.97
Williams' Percentage Range (W%R) 91.10
Strong Oversold
Lane's Stochastic (%D-Slow) 16.14
Oversold
Greed/Fear Indicator (GFI) 21.01
Moving Average Converg./Diverg. (MACD) 0.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.86
Williams' Percentage Range (W%R) 70.00
Lane's Stochastic (%D-Slow) 43.85
Greed/Fear Indicator (GFI) 40.95
Moving Average Converg./Diverg. (MACD) -0.74
Trading Signals
Description Value Chart
Weekly Trendline Resistance 126.42
Upper Bollinger Band 126.00
Parabolic System 124.24
Weekly Trendline Support 124.08
50 Day Moving Average 121.85
20 Day Moving Average 121.12
Weekly Stochastic Crossing 120.23
Price 117.09
Daily Stochastic Crossing 116.97
Lower Bollinger Band 115.60
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Property Management 76
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 125.30
High Date 05/11/2018
Low 116.44
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 126.42
Support 124.08
Low 116.43
Low Date 04/25/2018
High 125.30
High Date 05/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.54
High Date 03/20/2018
Low 116.43
Low Date 04/25/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 144.02
High Date 08/10/2016
Low 111.57
Low Date 02/12/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 146.07
High Date 01/28/2015
Low 94.91
Low Date 08/24/2015
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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