The Greedy Trader Weekly Analysis
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Weekly Pattern:Ascending Triangle
Number of records: 3
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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 :Broken trend support lineOversold sector
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a first positive week for the Church & Dwight (CHD). During the week, the CHD gained 0.87 points, or 1.84%, and closed at 48.19 on Friday, June 08, 2018. Weekly volume was -6% below average.

CHD is a member of Consumer Goods Sector. Consumer Goods is the second most oversold 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 CHD long-term trend chart]
A long-term uptrend had started on November 6, 2017 at 43.21 and reached 51.08 on March 9, 2018. CHD gained -7.87 points, or -18.21%, in 17 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (50.36) 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 CHD medium-term trend chart]
A medium-term downtrend had started on March 9, 2018 at 51.08 and reached 44.87 on April 24, 2018. CHD lost 6.21 points, or 12.16%, in 6 weeks. The price is now at the 53.46% retracement level.

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

The weekly MACD line is below its signal line since April 20, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CHD short-term trend chart]
A short-term uptrend had started on May 18, 2018 at 45.55 and reached 48.34 on May 30, 2018. CHD gained -2.79 points, or -6.13%, in 12 days. The price is now at the 5.38% retracement level.

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

The daily MACD line is above its signal line since May 22, 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.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 66.40
Williams' Percentage Range (W%R) 34.80
Lane's Stochastic (%D-Slow) 46.79
Greed/Fear Indicator (GFI) 59.48
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.48
Williams' Percentage Range (W%R) 59.70
Lane's Stochastic (%D-Slow) 38.01
Greed/Fear Indicator (GFI) 41.88
Moving Average Converg./Diverg. (MACD) -0.33
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 51.56
Quarterly Trendline Support 50.36
Upper Bollinger Band 48.30
Price 48.19
50 Day Moving Average 47.69
Daily Stochastic Crossing 47.30
20 Day Moving Average 47.03
Weekly Stochastic Crossing 46.91
Parabolic System 46.27
Lower Bollinger Band 46.15
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Cleaning Products 58
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 48.34
High Date 05/30/2018
Low 46.32
Low Date 06/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.55
Low Date 05/18/2018
High 48.34
High Date 05/30/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.08
High Date 03/09/2018
Low 44.87
Low Date 04/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 51.56
Support 50.36
Low 43.21
Low Date 11/06/2017
High 51.08
High Date 03/09/2018
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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