The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rectangle
Number of records: 2
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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 :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
Move cursor over the icon to see details.

It was the negative week for the Boston Properties (BXP). During the week, the BXP gave back -0.16 points, or -0.12%, and closed at 128.94 on Friday, August 10, 2018. BXP was trading at average weekly trading volume.

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 53.53% retracement level.

Medium-term trend: [See BXP medium-term trend chart]
A medium-term uptrend had started on May 21, 2018 at 116.00 and reached 130.52 on August 2, 2018. BXP gained -14.52 points, or -12.52%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 123.55 and resistance is at 130.32. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BXP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 1, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See BXP short-term trend chart]
A short-term uptrend had started on July 30, 2018 at 121.76 and reached 130.52 on August 2, 2018. BXP gained -8.76 points, or -7.19%, in 3 days. The price is now at the 18.04% retracement level.

Daily Technical Indicators: [See BXP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since July 31, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.10
Williams' Percentage Range (W%R) 18.10
Overbought
Lane's Stochastic (%D-Slow) 87.62
Overbought
Greed/Fear Indicator (GFI) 78.86
Moving Average Converg./Diverg. (MACD) 1.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.16
Williams' Percentage Range (W%R) 10.90
Overbought
Lane's Stochastic (%D-Slow) 81.71
Overbought
Greed/Fear Indicator (GFI) 77.51
Moving Average Converg./Diverg. (MACD) 0.31 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 132.05
Weekly Trendline Resistance 130.32
Daily Stochastic Crossing 129.48
Price 128.94
Weekly Stochastic Crossing 127.87
20 Day Moving Average 126.68
Parabolic System 125.54
50 Day Moving Average 124.75
Weekly Trendline Support 123.55
Lower Bollinger Band 122.25
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Property Management 150
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 121.76
Low Date 07/30/2018
High 130.52
High Date 08/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 130.32
Support 123.55
Low 116.00
Low Date 05/21/2018
High 130.52
High Date 08/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.54
High Date 03/20/2018
Low 116.00
Low Date 05/21/2018
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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