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.

Archive
- 12/8/2017
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Cabot Oil & Gas Corp.
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Summary:
Weekly :Lane's Stochastic is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Cabot Oil & Gas Corp. (COG). During the week, the COG dropped -0.93 points, or -3.24%, and closed at 27.75 on Friday, December 08, 2017. It was the worst weekly loss since October 6, 2017. Weekly volume was -33% 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 Pennant chart pattern. The uptrend resistance line (24.52) 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 COG medium-term trend chart]
A medium-term uptrend had started on November 4, 2016 at 20.02 and reached 29.57 on November 30, 2017. COG gained -9.55 points, or -47.70%, in 55 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (22.08) 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 COG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 above its signal line since October 27, 2017. This is an indication that the medium-term trend is up. 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 November 30, 2017 at 29.57 and reached 27.65 on December 7, 2017. COG lost 1.92 points, or 6.49%, in 7 days. The price is now at the 5.21% retracement level.

Daily Technical Indicators: [See COG daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since November 24, 2017. This is an indication that the short-term trend is down.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.94
Oversold
Williams' Percentage Range (W%R) 87.50
Oversold
Lane's Stochastic (%D-Slow) 10.29
Oversold
Greed/Fear Indicator (GFI) 13.91
Oversold
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.66
Williams' Percentage Range (W%R) 30.50
Lane's Stochastic (%D-Slow) 87.35
Overbought
Greed/Fear Indicator (GFI) 69.96
Moving Average Converg./Diverg. (MACD) 0.94
Trading Signals
Description Value Chart
Upper Bollinger Band 29.34
Parabolic System 29.14
Weekly Stochastic Crossing 28.89
20 Day Moving Average 28.77
Daily Stochastic Crossing 27.82
Price 27.75
50 Day Moving Average 27.38
Lower Bollinger Band 27.38
Quarterly Trendline Resistance 26.69
Yearly Trendline Support 24.52
Yearly Trendline Resistance 24.41
Sector and Industry
Description Name Rank
Sector Basic Materials 5
Industry Independent Oil & Gas 51
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.57
High Date 11/30/2017
Low 27.65
Low Date 12/07/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.57
High Date 11/30/2017
Low 27.65
Low Date 12/07/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.40
Low Date 06/05/2017
High 29.57
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 26.69
Support 22.08
Low 20.02
Low Date 11/04/2016
High 29.57
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Resistance
Resistance 24.41
Support 24.52
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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