The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Channel
Number of records: 3
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
Citizens Financial Group
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Summary:
Weekly :Broken trend support lineStochastic signal line moved above oversold areaPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
Move cursor over the icon to see details.

It was a second consecutive positive week for the Citizens Financial Group (CFG). During the week, the CFG gained 0.54 points, or 1.44%, and closed at 38.06 on Friday, November 09, 2018. Weekly volume was -17% below average.

Long-term trend: [See CFG long-term trend chart]
A long-term uptrend had started on September 27, 2016 at 23.81 and reached 48.23 on January 24, 2018. CFG gained -24.42 points, or -102.56%, in 69 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (42.46) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See CFG medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 48.23 and reached 34.88 on October 18, 2018. CFG lost 13.35 points, or 27.68%, in 38 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See CFG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 March 9, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See CFG short-term trend chart]
A short-term uptrend had started on October 18, 2018 at 34.88 and reached 38.64 on November 8, 2018. CFG gained -3.76 points, or -10.78%, in 21 days. The price is now at the 15.43% retracement level.

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

The daily MACD line is above its signal line since October 26, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.81
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 87.55
Overbought
Greed/Fear Indicator (GFI) 82.20
Overbought
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.43
Williams' Percentage Range (W%R) 55.20
Lane's Stochastic (%D-Slow) 23.40
Greed/Fear Indicator (GFI) 37.72
Moving Average Converg./Diverg. (MACD) -0.77
Trading Signals
Description Value Chart
Yearly Trendline Support 42.46
Upper Bollinger Band 39.44
50 Day Moving Average 38.45
Daily Stochastic Crossing 38.41
Price 38.06
20 Day Moving Average 36.61
Parabolic System 36.59
Weekly Stochastic Crossing 36.47
Lower Bollinger Band 35.31
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 34.96
Low Date 10/24/2018
High 38.64
High Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.88
Low Date 10/18/2018
High 38.64
High Date 11/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.76
High Date 08/28/2018
Low 34.88
Low Date 10/18/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 48.23
High Date 01/24/2018
Low 34.88
Low Date 10/18/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 54.44
Support 42.46
Low 23.81
Low Date 09/27/2016
High 48.23
High Date 01/24/2018
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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