The Greedy Trader Weekly Analysis
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Weekly Pattern:Ascending Triangle
Number of records: 4
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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 :Oversold sectorBroken trend resistance lineStochastic signal line moved above oversold area
Daily :Broken trend resistance linePrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a fourth positive week after 3 consecutive negative weeks for the Church & Dwight (CHD). During the week, the CHD gained 2.02 points, or 4.51%, and closed at 46.84 on Friday, December 01, 2017. Weekly volume was 66% above 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 downtrend had started on June 20, 2017 at 54.18 and reached 43.21 on November 6, 2017. CHD lost 10.97 points, or 20.25%, in 19 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 41.47 and resistance is at 53.38. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 48.10 on November 30, 2017. CHD gained -4.89 points, or -11.32%, in 3 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (44.76) 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 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 August 25, 2017. The distance between MACD and the signal line is low and getting smaller. 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 November 15, 2017 at 44.38 and reached 48.10 on November 30, 2017. CHD gained -3.72 points, or -8.38%, in 15 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (44.76) 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 short-term trend.

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

The daily MACD line is above its signal line since November 10, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 66.72
Williams' Percentage Range (W%R) 23.10
Lane's Stochastic (%D-Slow) 73.47
Greed/Fear Indicator (GFI) 72.36
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.11
Williams' Percentage Range (W%R) 65.10
Lane's Stochastic (%D-Slow) 24.51
Greed/Fear Indicator (GFI) 34.75
Moving Average Converg./Diverg. (MACD) -1.43
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 53.38
Upper Bollinger Band 47.60
Daily Stochastic Crossing 47.40
Price 46.84
50 Day Moving Average 46.27
Parabolic System 45.22
20 Day Moving Average 45.02
Weekly Trendline Resistance 45.02
Weekly Trendline Support 44.76
Monthly Trendline Support 44.76
Weekly Stochastic Crossing 44.61
Monthly Trendline Resistance 44.44
Lower Bollinger Band 43.63
Quarterly Trendline Support 41.47
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Cleaning Products 53
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 44.60
Low Date 11/24/2017
High 48.10
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 45.02
Support 44.76
Low 44.38
Low Date 11/15/2017
High 48.10
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 44.44
Support 44.76
Low 43.21
Low Date 11/06/2017
High 48.10
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 53.38
Support 41.47
High 54.18
High Date 06/20/2017
Low 43.21
Low Date 11/06/2017
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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