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Monthly Pattern:Rising Wedge
Number of records: 13
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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
Archive
- 12/8/2017
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CB Richard Ellis Group
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineTrend resistance at 42.64
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was a sixth consecutive positive week for the CB Richard Ellis Group (CBG). During the week, the CBG climbed 0.43 points, or 1.00%, and closed at 43.62 on Friday, December 08, 2017. Weekly volume was -17% below average.

CBG 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 CBG long-term trend chart]
A long-term uptrend had started on February 8, 2016 at 22.74 and reached 44.04 on December 7, 2017. CBG gained -21.30 points, or -93.67%, in 95 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (29.30) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See CBG medium-term trend chart]
A medium-term uptrend had started on November 2, 2016 at 25.40 and reached 44.04 on December 7, 2017. CBG gained -18.64 points, or -73.39%, in 57 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (42.64). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CBG 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 September 29, 2017. 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 CBG short-term trend chart]
A short-term uptrend had started on August 18, 2017 at 34.38 and reached 44.04 on December 7, 2017. CBG gained -9.66 points, or -28.10%, in 111 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 42.62 and resistance is at 43.73. 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 short-term trend.

Daily Technical Indicators: [See CBG daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

The daily MACD line is below its signal line since November 27, 2017. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (44.01) comes close to the price (43.62). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.64
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 81.18
Overbought
Greed/Fear Indicator (GFI) 80.61
Overbought
Moving Average Converg./Diverg. (MACD) 0.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 89.48
Overbought
Williams' Percentage Range (W%R) 1.00
Strong Overbought
Lane's Stochastic (%D-Slow) 93.23
Strong Overbought
Greed/Fear Indicator (GFI) 88.62
Overbought
Moving Average Converg./Diverg. (MACD) 1.54
Trading Signals
Description Value Chart
Parabolic System 44.01
Upper Bollinger Band 43.76
Weekly Trendline Resistance 43.73
Monthly Trendline Support 43.71
Weekly Stochastic Crossing 43.69
Daily Stochastic Crossing 43.67
Price 43.62
20 Day Moving Average 42.90
Monthly Trendline Resistance 42.64
Weekly Trendline Support 42.62
Lower Bollinger Band 41.53
50 Day Moving Average 40.83
Sector and Industry
Description Name Rank
Sector Financial 9
Industry Property Management 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 38.77
Low Date 10/25/2017
High 44.04
High Date 12/07/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 43.73
Support 42.62
Low 34.38
Low Date 08/18/2017
High 44.04
High Date 12/07/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 42.64
Support 43.71
Low 25.40
Low Date 11/02/2016
High 44.04
High Date 12/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 27.09
Support 29.30
Low 22.74
Low Date 02/08/2016
High 44.04
High Date 12/07/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 39.77
High Date 04/29/2015
Low 22.74
Low Date 02/08/2016
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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