The Greedy Trader Weekly Analysis
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Yearly Pattern:Rising Pennant
Number of records: 3
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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 lineTrend resistance at 23.39
Daily :The price has fallen below the Parabolic SARPrice is close to the 50 Day Moving Average
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 dropped -0.53 points, or -2.22%, and closed at 23.38 on Friday, October 12, 2018. Weekly volume was 46% above 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 (32.11) 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 downtrend had started on July 26, 2018 at 25.23 and reached 21.48 on September 7, 2018. COG lost 3.75 points, or 14.86%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (23.39). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a medium-term trend.

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

The weekly MACD line is above its signal line since September 28, 2018. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See COG short-term trend chart]
A short-term uptrend had started on September 7, 2018 at 21.48 and reached 25.16 on October 9, 2018. COG gained -3.68 points, or -17.13%, in 32 days. The price is now at the 48.37% retracement level.

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

The daily MACD line is above its signal line since September 19, 2018. This is an indication that the short-term trend is up.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

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) 51.63
Williams' Percentage Range (W%R) 45.50
Lane's Stochastic (%D-Slow) 59.82
Greed/Fear Indicator (GFI) 55.31
Moving Average Converg./Diverg. (MACD) 0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.01
Williams' Percentage Range (W%R) 46.40
Lane's Stochastic (%D-Slow) 38.52
Greed/Fear Indicator (GFI) 46.49
Moving Average Converg./Diverg. (MACD) -0.43
Trading Signals
Description Value Chart
Parabolic System 25.19
Upper Bollinger Band 24.81
Daily Stochastic Crossing 23.95
Monthly Trendline Resistance 23.39
Price 23.38
50 Day Moving Average 23.21
Weekly Stochastic Crossing 23.13
20 Day Moving Average 23.07
Lower Bollinger Band 21.73
Monthly Trendline Support 20.91
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Independent Oil & Gas 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22.15
Low Date 10/01/2018
High 25.16
High Date 10/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.48
Low Date 09/07/2018
High 25.16
High Date 10/09/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 23.39
Support 20.91
High 25.23
High Date 07/26/2018
Low 21.48
Low Date 09/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.57
High Date 11/30/2017
Low 21.48
Low Date 09/07/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 31.57
Support 32.11
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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