The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 5
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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 :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARBroken trend resistance lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe price is above the upper Bollinger BandThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was the negative week for the CA, Inc. (CA). During the week, the CA dropped -0.70 points, or -1.59%, and closed at 43.38 on Friday, August 10, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was 107% 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 44.25 on July 31, 2018. CA gained -32.25 points, or -268.75%, in 509 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 31.14 and resistance is at 52.30. 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 August 24, 2015 at 25.16 and reached 44.25 on July 31, 2018. CA gained -19.09 points, or -75.87%, in 153 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (34.01) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See CA weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 18, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 July 28, 2017 at 30.45 and reached 44.25 on July 31, 2018. CA gained -13.80 points, or -45.32%, in 368 days. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (33.58) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a short-term trend.

Daily Technical Indicators: [See CA 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 July 30, 2018.

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (1.94%) is close to one year low (2.16%). It is 76.49% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.92
Williams' Percentage Range (W%R) 90.30
Strong Oversold
Lane's Stochastic (%D-Slow) 12.35
Oversold
Greed/Fear Indicator (GFI) 17.66
Oversold
Moving Average Converg./Diverg. (MACD) 1.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.44
Overbought
Williams' Percentage Range (W%R) 7.90
Strong Overbought
Lane's Stochastic (%D-Slow) 96.70
Strong Overbought
Greed/Fear Indicator (GFI) 87.51
Overbought
Moving Average Converg./Diverg. (MACD) 1.37
Trading Signals
Description Value Chart
Parabolic System 44.11
Weekly Stochastic Crossing 43.96
20 Day Moving Average 43.93
Price 43.38
Upper Bollinger Band 43.36
Daily Stochastic Crossing 43.36
Lower Bollinger Band 42.51
Weekly Trendline Resistance 40.42
50 Day Moving Average 39.73
Quarterly Trendline Resistance 38.53
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Application Software 125
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 32.45
Low Date 04/02/2018
High 44.25
High Date 07/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 40.42
Support 33.58
Low 30.45
Low Date 07/28/2017
High 44.25
High Date 07/31/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 30.01
Low Date 12/02/2016
High 44.25
High Date 07/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 38.53
Support 34.01
Low 25.16
Low Date 08/24/2015
High 44.25
High Date 07/31/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 52.30
Support 31.14
Low 12.00
Low Date 10/24/2008
High 44.25
High Date 07/31/2018
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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