The Greedy Trader Weekly Analysis
Sign In Sep 14, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Weekly Pattern:Ascending Triangle
Number of records: 2
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price is above 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 gained 2.11 points, or 3.73%, and closed at 58.69 on Friday, September 07, 2018. It was the best weekly gain since June 29, 2018. Weekly volume was -30% below average.

Long-term trend: [See CHD long-term trend chart]
A long-term uptrend had started on December 1, 2016 at 42.56 and reached 58.94 on September 7, 2018. CHD gained -16.38 points, or -38.49%, in 92 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (45.06) 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 April 24, 2018 at 44.87 and reached 58.94 on September 7, 2018. CHD gained -14.07 points, or -31.36%, in 19 weeks. Price is near the trend high.

Weekly Technical Indicators: [See CHD weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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, Relative Strength Index 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 uptrend had started on May 18, 2018 at 45.55 and reached 58.94 on September 7, 2018. CHD gained -13.39 points, or -29.40%, in 112 days. The chart has formed a Rising Wedge chart pattern.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 64.92
Williams' Percentage Range (W%R) 30.50
Lane's Stochastic (%D-Slow) 76.10
Greed/Fear Indicator (GFI) 70.17
Moving Average Converg./Diverg. (MACD) 0.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.14
Overbought
Williams' Percentage Range (W%R) 7.90
Strong Overbought
Lane's Stochastic (%D-Slow) 82.61
Overbought
Greed/Fear Indicator (GFI) 80.24
Overbought
Moving Average Converg./Diverg. (MACD) 1.58
Trading Signals
Description Value Chart
Price 58.69
Daily Stochastic Crossing 58.47
Upper Bollinger Band 58.30
Weekly Stochastic Crossing 57.87
20 Day Moving Average 56.69
Parabolic System 56.39
50 Day Moving Average 55.64
Lower Bollinger Band 55.15
Quarterly Trendline Resistance 48.92
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Cleaning Products 152
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 45.55
Low Date 05/18/2018
High 58.94
High Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 44.87
Low Date 04/24/2018
High 58.94
High Date 09/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.21
Low Date 11/06/2017
High 58.94
High Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 48.92
Support 45.06
Low 42.56
Low Date 12/01/2016
High 58.94
High Date 09/07/2018
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.

Copyright© 2004-2016 All rights reserved.