The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 5
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
CBS Corp.
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Summary:
Weekly :Trend support at 54.52
Daily :Williams' Percentage Range is overbought
Move cursor over the icon to see details.

It was the negative week for the CBS Corp. (CBS). During the week, the CBS gave back -0.21 points, or -0.37%, and closed at 55.85 on Friday, September 14, 2018. Weekly volume was 12% above average.

Long-term trend: [See CBS long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 3.06 and reached 70.10 on April 5, 2017. CBS gained -67.04 points, or -2190.85%, in 421 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (54.52) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See CBS medium-term trend chart]
A medium-term uptrend had started on May 3, 2018 at 47.54 and reached 59.59 on July 11, 2018. CBS gained -12.05 points, or -25.35%, in 9 weeks. The price is now at the 31.04% retracement level.

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

The weekly MACD line is above its signal line since May 11, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See CBS short-term trend chart]
A short-term uptrend had started on July 30, 2018 at 50.91 and reached 57.15 on September 7, 2018. CBS gained -6.24 points, or -12.26%, in 39 days. The price is now at the 20.83% retracement level.

Daily Technical Indicators: [See CBS 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 August 16, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.50
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 71.86
Greed/Fear Indicator (GFI) 73.57
Moving Average Converg./Diverg. (MACD) 0.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.11
Williams' Percentage Range (W%R) 28.00
Lane's Stochastic (%D-Slow) 33.08
Greed/Fear Indicator (GFI) 50.54
Moving Average Converg./Diverg. (MACD) -0.28
Trading Signals
Description Value Chart
Upper Bollinger Band 56.74
Price 55.85
Daily Stochastic Crossing 55.65
50 Day Moving Average 54.88
Yearly Trendline Support 54.52
20 Day Moving Average 54.06
Weekly Stochastic Crossing 53.68
Parabolic System 53.65
Lower Bollinger Band 52.15
Sector and Industry
Description Name Rank
Sector Services 7
Industry Broadcasting - TV 56
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 50.91
Low Date 07/30/2018
High 57.15
High Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 59.59
High Date 07/11/2018
Low 50.91
Low Date 07/30/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.54
Low Date 05/03/2018
High 59.59
High Date 07/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.10
High Date 04/05/2017
Low 47.54
Low Date 05/03/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 71.04
Support 54.52
Low 3.06
Low Date 03/09/2009
High 70.10
High Date 04/05/2017
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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