The Greedy Trader Weekly Analysis
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Weekly Pattern:Ascending Triangle
Number of records: 2
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Chart Analysis and Chart Pattern Recognition – Ascending Triangle Pattern
The ascending triangle pattern is a variation of symmetrical triangle formation that has a flat resistance line and a rising support line. The higher lows indicate the increasing demand and give the ascending triangle definitive bullish bias. The ascending triangle usually represents an accumulation stage in bullish market. The ascending triangle is considered as a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Volume usually increases on a breakout move. After breakout (similar to rectangle), resistance may turn into potential support and vice versa.
Ascending Triangle Screening page presents a list of stocks forming an Ascending Triangle Pattern.
Tips:
# 1As a continuation pattern, an ascending triangle usually appears within a young trend, characterized by neutral long-term indicators and overbought short-term indicators. An ascending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, an ascending triangle appears in a mature downtrend, characterized by oversold short-term and long-term indicators. This situation usually generates bullish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Ascending Triangle Pattern,Ascending Triangle,Ascending Triangle Chart Pattern,Trend Support, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Church & Dwight
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Summary:
Weekly :Overbought sectorOverbought industryWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineBroken trend resistance line
Daily :The price has risen above the Parabolic SARPrice is near the Fibonacci 61.8% retracement levelThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a second consecutive positive week for the Church & Dwight (CHD). During the week, the CHD climbed 0.25 points, or 0.38%, and closed at 66.19 on Friday, November 30, 2018. CHD was trading at average weekly trading volume.

CHD is a member of Consumer Goods Sector. Consumer Goods is the second most overbought sector. CHD is a member of Cleaning Products Industry. Cleaning Products is the sixth most overbought industry. 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 CHD long-term trend chart]
A long-term uptrend had started on December 1, 2016 at 42.56 and reached 67.93 on November 7, 2018. CHD gained -25.37 points, or -59.61%, in 100 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (45.42) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 CHD medium-term trend chart]
A medium-term uptrend had started on November 6, 2017 at 43.21 and reached 67.93 on November 7, 2018. CHD gained -24.72 points, or -57.21%, in 52 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (46.90) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See CHD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 8, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CHD short-term trend chart]
A short-term downtrend had started on November 7, 2018 at 67.93 and reached 63.58 on November 8, 2018. CHD lost 4.35 points, or 6.40%, in 1 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since November 16, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

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 price touches the upper Bollinger Band. 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) 55.46
Williams' Percentage Range (W%R) 46.90
Lane's Stochastic (%D-Slow) 71.95
Greed/Fear Indicator (GFI) 60.17
Moving Average Converg./Diverg. (MACD) 1.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.78
Williams' Percentage Range (W%R) 13.80
Overbought
Lane's Stochastic (%D-Slow) 82.71
Overbought
Greed/Fear Indicator (GFI) 75.89
Moving Average Converg./Diverg. (MACD) 2.87
Trading Signals
Description Value Chart
Daily Stochastic Crossing 66.41
Upper Bollinger Band 66.34
Price 66.19
Weekly Stochastic Crossing 65.89
20 Day Moving Average 65.80
Parabolic System 64.07
Lower Bollinger Band 63.36
50 Day Moving Average 61.75
Monthly Trendline Resistance 53.48
Sector and Industry
Description Name Rank
Sector Consumer Goods 8
Industry Cleaning Products 158
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.93
High Date 11/07/2018
Low 63.58
Low Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.87
Low Date 04/24/2018
High 67.93
High Date 11/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 53.48
Support 46.90
Low 43.21
Low Date 11/06/2017
High 67.93
High Date 11/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 47.91
Support 45.42
Low 42.56
Low Date 12/01/2016
High 67.93
High Date 11/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 107.36
High Date 05/19/2016
Low 42.56
Low Date 12/01/2016
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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