The Greedy Trader Weekly Analysis
Sign In Feb 23, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Quarterly Pattern:Symmetric Triangle
Number of records: 3
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Archive
- 2/16/2018
Sign In to see current Signals.
Capital One Financial
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend resistance lineTrend support at 98.98
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was a first positive week for the Capital One Financial (COF). During the week, the COF gained 7.51 points, or 8.16%, and closed at 99.53 on Friday, February 16, 2018. Weekly volume was -7% below average.

Long-term trend: [See COF long-term trend chart]
A long-term uptrend had started on June 27, 2016 at 58.03 and reached 106.50 on January 24, 2018. COF gained -48.47 points, or -83.53%, in 82 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (85.95) 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 COF medium-term trend chart]
A medium-term uptrend had started on September 8, 2017 at 76.98 and reached 106.50 on January 24, 2018. COF gained -29.52 points, or -38.35%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (98.98) 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 medium-term trend.

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

The weekly MACD line is above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See COF short-term trend chart]
A short-term downtrend had started on January 24, 2018 at 106.50 and reached 88.75 on February 9, 2018. COF lost 17.75 points, or 16.67%, in 16 days. The chart has formed a Broadening Descending Wedge chart pattern.

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

The daily MACD line is below its signal line since January 18, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

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.

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) 40.22
Williams' Percentage Range (W%R) 46.40
Lane's Stochastic (%D-Slow) 60.43
Greed/Fear Indicator (GFI) 51.43
Moving Average Converg./Diverg. (MACD) -0.87
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.40
Williams' Percentage Range (W%R) 33.90
Lane's Stochastic (%D-Slow) 69.34
Greed/Fear Indicator (GFI) 64.68
Moving Average Converg./Diverg. (MACD) 4.15
Trading Signals
Description Value Chart
Upper Bollinger Band 108.05
Weekly Trendline Resistance 107.27
20 Day Moving Average 100.37
Weekly Stochastic Crossing 100.12
50 Day Moving Average 99.99
Price 99.53
Weekly Trendline Support 98.98
Daily Stochastic Crossing 96.30
Parabolic System 90.61
Lower Bollinger Band 90.09
Quarterly Trendline Support 85.95
Sector and Industry
Description Name Rank
Sector Financial 3
Industry Credit Services 107
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 106.50
High Date 01/24/2018
Low 88.75
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 107.27
Support 98.98
Low 76.98
Low Date 09/08/2017
High 106.50
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.05
Low Date 05/31/2017
High 106.50
High Date 01/24/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 75.53
Support 85.95
Low 58.03
Low Date 06/27/2016
High 106.50
High Date 01/24/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.80
Low Date 03/09/2009
High 106.50
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.

Copyright© 2004-2016 All rights reserved.