The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 15
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Costco Co.
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Summary:
Weekly :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SARBroken trend resistance line
Move cursor over the icon to see details.

It was the negative week for the Costco Co. (COST). During the week, the COST dropped -6.08 points, or -2.52%, and closed at 235.38 on Friday, September 14, 2018. Weekly volume was 7% above average.

Long-term trend: [See COST long-term trend chart]
A long-term uptrend had started on May 24, 2000 at 25.94 and reached 245.16 on September 11, 2018. COST gained -219.22 points, or -845.10%, in 954 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The uptrend resistance line (36.46) 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 COST medium-term trend chart]
A medium-term uptrend had started on September 19, 2008 at 30.70 and reached 245.16 on September 11, 2018. COST gained -214.46 points, or -698.57%, in 520 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (169.71) 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 COST weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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 May 11, 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 COST short-term trend chart]
A short-term uptrend had started on February 9, 2018 at 175.79 and reached 245.16 on September 11, 2018. COST gained -69.37 points, or -39.46%, in 214 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (225.28) 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 short-term trend.

Daily Technical Indicators: [See COST daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since August 17, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.40
Williams' Percentage Range (W%R) 26.80
Lane's Stochastic (%D-Slow) 73.08
Greed/Fear Indicator (GFI) 68.24
Moving Average Converg./Diverg. (MACD) 4.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.72
Overbought
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 91.44
Strong Overbought
Greed/Fear Indicator (GFI) 82.00
Overbought
Moving Average Converg./Diverg. (MACD) 9.84
Trading Signals
Description Value Chart
Monthly Trendline Resistance 255.16
Parabolic System 245.41
Upper Bollinger Band 245.31
Weekly Stochastic Crossing 243.31
Daily Stochastic Crossing 241.26
Price 235.38
20 Day Moving Average 234.05
Weekly Trendline Support 225.28
50 Day Moving Average 224.59
Lower Bollinger Band 222.87
Weekly Trendline Resistance 219.69
Quarterly Trendline Resistance 204.86
Monthly Trendline Support 204.69
Sector and Industry
Description Name Rank
Sector Services 7
Industry Discount Variety Stores 106
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 180.83
Low Date 03/23/2018
High 245.16
High Date 09/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 219.69
Support 225.28
Low 175.79
Low Date 02/09/2018
High 245.16
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 255.16
Support 204.69
Low 150.00
Low Date 07/21/2017
High 245.16
High Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 204.86
Support 169.71
Low 30.70
Low Date 09/19/2008
High 245.16
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Broken Resistance
Resistance 122.29
Support 36.46
Low 25.94
Low Date 05/24/2000
High 245.16
High Date 09/11/2018
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.

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