The Greedy Trader Weekly Analysis
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Yearly Pattern:Rising Pennant
Number of records: 2
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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

Cabot Oil & Gas Corp.
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Summary:
Weekly :Broken trend support linePrice is near the Fibonacci 38.2% retracement level
Daily :The period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Cabot Oil & Gas Corp. (COG). During the week, the COG gave back -0.22 points, or -0.92%, and closed at 23.58 on Friday, July 06, 2018. Weekly volume was -28% below average.

Long-term trend: [See COG long-term trend chart]
A long-term uptrend had started on January 12, 2016 at 14.88 and reached 29.57 on November 30, 2017. COG gained -14.69 points, or -98.72%, in 98 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (30.40) 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 COG medium-term trend chart]
A medium-term uptrend had started on May 25, 2018 at 21.71 and reached 24.80 on June 22, 2018. COG gained -3.09 points, or -14.23%, in 4 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See COG short-term trend chart]
A short-term downtrend had started on June 22, 2018 at 24.80 and reached 22.74 on June 25, 2018. COG lost 2.06 points, or 8.31%, in 3 days. The price is now at the 40.78% retracement level.

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

The daily MACD line is below its signal line since June 26, 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.

The distance between the Bollinger Bands is falling, and it was 4.41% on Friday. It is 57.58% lower than one year average. It indicates the period of low volatility of the stock price. 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) 51.23
Williams' Percentage Range (W%R) 67.00
Lane's Stochastic (%D-Slow) 42.40
Greed/Fear Indicator (GFI) 42.21
Moving Average Converg./Diverg. (MACD) 0.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.21
Williams' Percentage Range (W%R) 58.50
Lane's Stochastic (%D-Slow) 58.61
Greed/Fear Indicator (GFI) 50.13
Moving Average Converg./Diverg. (MACD) -0.72
Trading Signals
Description Value Chart
Parabolic System 24.24
Upper Bollinger Band 24.01
Weekly Stochastic Crossing 23.66
20 Day Moving Average 23.61
Price 23.58
Daily Stochastic Crossing 23.48
50 Day Moving Average 23.30
Lower Bollinger Band 22.96
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Independent Oil & Gas 120
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 22.74
Low Date 06/25/2018
High 24.21
High Date 06/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.80
High Date 06/22/2018
Low 22.74
Low Date 06/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.71
Low Date 05/25/2018
High 24.80
High Date 06/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.57
High Date 11/30/2017
Low 21.71
Low Date 05/25/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 30.93
Support 30.40
Low 14.88
Low Date 01/12/2016
High 29.57
High Date 11/30/2017
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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