The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 4
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
CA, Inc.
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Summary:
Weekly :Stochastic signal line moved below overbought area
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageBullish Harami CandlestickPrice is near the Fibonacci 61.8% retracement levelThe 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 CA, Inc. (CA). During the week, the CA dropped -1.52 points, or -4.35%, and closed at 33.45 on Friday, February 09, 2018. Weekly volume was 89% above average.

Long-term trend: [See CA long-term trend chart]
A long-term uptrend had started on October 24, 2008 at 12.00 and reached 36.56 on January 31, 2018. CA gained -24.56 points, or -204.67%, in 483 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 30.19 and resistance is at 50.53. 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 long-term trend.

Medium-term trend: [See CA medium-term trend chart]
A medium-term uptrend had started on July 28, 2017 at 30.45 and reached 36.56 on January 31, 2018. CA gained -6.11 points, or -20.07%, in 26 weeks. The price is now at the 50.90% retracement level.

Weekly Technical Indicators: [See CA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since December 15, 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 CA short-term trend chart]
A short-term uptrend had started on October 26, 2017 at 31.45 and reached 36.56 on January 31, 2018. CA gained -5.11 points, or -16.25%, in 97 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

Candlestick pattern: [See CA candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.51
Williams' Percentage Range (W%R) 86.80
Oversold
Lane's Stochastic (%D-Slow) 17.31
Oversold
Greed/Fear Indicator (GFI) 23.67
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.71
Williams' Percentage Range (W%R) 69.50
Lane's Stochastic (%D-Slow) 73.78
Greed/Fear Indicator (GFI) 52.72
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Upper Bollinger Band 35.97
Weekly Stochastic Crossing 35.36
Parabolic System 34.95
20 Day Moving Average 34.55
50 Day Moving Average 33.91
Price 33.45
Daily Stochastic Crossing 33.35
Lower Bollinger Band 32.53
Yearly Trendline Support 30.19
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Application Software 114
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.45
Low Date 10/26/2017
High 36.56
High Date 01/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.45
Low Date 07/28/2017
High 36.56
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.01
Low Date 12/02/2016
High 36.56
High Date 01/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 25.16
Low Date 08/24/2015
High 36.56
High Date 01/31/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 50.53
Support 30.19
Low 12.00
Low Date 10/24/2008
High 36.56
High Date 01/31/2018
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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