The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Channel
Number of records: 4
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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 :Trend support at 40.05
Daily :A Parabolic SAR indicator is below and near the priceThe price moved above the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Citizens Financial Group (CFG). During the week, the CFG climbed 0.32 points, or 0.80%, and closed at 40.42 on Friday, August 03, 2018. Weekly volume was -15% 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 price is near the trend support (40.05) 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 CFG medium-term trend chart]
A medium-term downtrend had started on January 24, 2018 at 48.23 and reached 38.65 on July 2, 2018. CFG lost 9.58 points, or 19.86%, in 22 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 37.93 and resistance is at 40.75. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

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

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 July 31, 2018 at 39.41 and reached 40.47 on August 3, 2018. CFG gained -1.06 points, or -2.69%, in 3 days. Price is near the trend high.

Daily Technical Indicators: [See CFG daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 11, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

A Parabolic SAR (stop and reversal) indicator (40.62) comes close to the price (40.42). 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.76%) is close to one year low (4.59%). It is 60.47% 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.53
Williams' Percentage Range (W%R) 48.50
Lane's Stochastic (%D-Slow) 45.22
Greed/Fear Indicator (GFI) 50.76
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.57
Williams' Percentage Range (W%R) 79.70
Lane's Stochastic (%D-Slow) 29.19
Greed/Fear Indicator (GFI) 31.87
Moving Average Converg./Diverg. (MACD) -0.05
Trading Signals
Description Value Chart
Upper Bollinger Band 40.92
Quarterly Trendline Resistance 40.75
Parabolic System 40.62
50 Day Moving Average 40.61
Price 40.42
20 Day Moving Average 40.11
Weekly Stochastic Crossing 40.08
Yearly Trendline Support 40.05
Daily Stochastic Crossing 39.97
Monthly Trendline Resistance 39.59
Lower Bollinger Band 39.42
Monthly Trendline Support 39.32
Quarterly Trendline Support 37.93
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 39.41
Low Date 07/31/2018
High 40.47
High Date 08/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 39.41
Low Date 07/31/2018
High 40.47
High Date 08/03/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 39.59
Support 39.32
High 41.22
High Date 07/20/2018
Low 39.41
Low Date 07/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 40.75
Support 37.93
High 48.23
High Date 01/24/2018
Low 38.65
Low Date 07/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 52.03
Support 40.05
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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