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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
Archive
- 12/1/2017
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Boston Properties
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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is overbought20 Day Moving Average has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
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It was a second consecutive positive week for the Boston Properties (BXP). During the week, the BXP gained 1.97 points, or 1.57%, and closed at 127.13 on Friday, December 01, 2017. Weekly volume was -9% below average.

BXP is a member of Financial Sector. Financial is the most overbought 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 113.69 on November 3, 2016. BXP lost 30.33 points, or 21.06%, in 12 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 110.90 and resistance is at 142.32. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.

Medium-term trend: [See BXP medium-term trend chart]
A medium-term uptrend had started on July 11, 2017 at 116.77 and reached 128.99 on October 13, 2017. BXP gained -12.22 points, or -10.47%, in 13 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 120.47 and resistance is at 131.65. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. 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 November 3, 2017 at 119.74 and reached 127.13 on December 1, 2017. BXP gained -7.39 points, or -6.17%, in 28 days. Price is near the trend high.

Daily Technical Indicators: [See BXP daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 above its signal line since November 7, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price touches the upper Bollinger Band. 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 58.49
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 61.23
Greed/Fear Indicator (GFI) 67.83
Moving Average Converg./Diverg. (MACD) 0.42
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.69
Williams' Percentage Range (W%R) 28.40
Lane's Stochastic (%D-Slow) 51.22
Greed/Fear Indicator (GFI) 59.78
Moving Average Converg./Diverg. (MACD) -0.77
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 142.32
Monthly Trendline Resistance 131.65
Upper Bollinger Band 127.32
Price 127.13
Daily Stochastic Crossing 126.03
Weekly Stochastic Crossing 124.97
20 Day Moving Average 124.87
50 Day Moving Average 124.35
Parabolic System 124.03
Lower Bollinger Band 122.42
Monthly Trendline Support 120.47
Quarterly Trendline Support 110.90
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Property Management 97
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 123.84
Low Date 11/16/2017
High 127.13
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 119.74
Low Date 11/03/2017
High 127.13
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 131.65
Support 120.47
Low 116.77
Low Date 07/11/2017
High 128.99
High Date 10/13/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 142.32
Support 110.90
High 144.02
High Date 08/10/2016
Low 113.69
Low Date 11/03/2016
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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