The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 8
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 :Overbought sectorLane's Stochastic bullish divergence
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week for the CBS Corp. (CBS). During the week, the CBS gained 2.63 points, or 4.98%, and closed at 55.39 on Friday, February 16, 2018. Weekly volume was 16% above average.

CBS is a member of Services Sector. Services 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 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 trend support level is at 51.41 and resistance is at 70.67. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See CBS medium-term trend chart]
A medium-term downtrend had started on January 18, 2018 at 61.59 and reached 50.63 on February 9, 2018. CBS lost 10.96 points, or 17.80%, in 3 weeks. The price is now at the 43.43% retracement level.

Weekly Technical Indicators: [See CBS weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend 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 February 9, 2018 at 50.63 and reached 57.48 on February 16, 2018. CBS gained -6.85 points, or -13.53%, in 7 days. The price is now at the 30.51% retracement level.

Daily Technical Indicators: [See CBS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 distance between the Bollinger Bands is 126.93% higher then one year average. It indicates the period of high volatility of the stock price. 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) 39.47
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 59.88
Greed/Fear Indicator (GFI) 55.54
Moving Average Converg./Diverg. (MACD) -0.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.77
Williams' Percentage Range (W%R) 41.90
Lane's Stochastic (%D-Slow) 45.23
Bullish
Greed/Fear Indicator (GFI) 50.94
Moving Average Converg./Diverg. (MACD) -1.20
Trading Signals
Description Value Chart
Upper Bollinger Band 60.85
50 Day Moving Average 57.60
20 Day Moving Average 56.25
Price 55.39
Daily Stochastic Crossing 55.27
Weekly Stochastic Crossing 54.96
Yearly Trendline Support 51.41
Parabolic System 51.24
Lower Bollinger Band 50.97
Sector and Industry
Description Name Rank
Sector Services 9
Industry Broadcasting - TV 63
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 50.63
Low Date 02/09/2018
High 57.48
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.63
Low Date 02/09/2018
High 57.48
High Date 02/16/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 61.59
High Date 01/18/2018
Low 50.63
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.10
High Date 04/05/2017
Low 50.63
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 70.67
Support 51.41
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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