The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 10
Symbol:  

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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 :Broken trend resistance lineBroken trend resistance line
Daily :A Parabolic SAR indicator is above and near the pricePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Costco Co. (COST). During the week, the COST dropped -6.42 points, or -2.78%, and closed at 224.86 on Friday, December 07, 2018. Weekly volume was 43% 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 (36.60) 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 (172.88) 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 technical indicators are neutral.

The weekly MACD line is below its signal line since October 5, 2018. Use the following link to access a MACD help.

Short-term trend: [See COST short-term trend chart]
A short-term downtrend had started on November 7, 2018 at 240.88 and reached 217.45 on November 21, 2018. COST lost 23.43 points, or 9.73%, in 14 days. The chart has formed a Rising Pennant chart pattern.

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

The daily MACD line is above its signal line since November 29, 2018. The distance between MACD and the signal line is low, but getting bigger.

A Parabolic SAR (stop and reversal) indicator (223.44) comes close to the price (224.86). It indicates that the trend is getting weaker. 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 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 44.84
Williams' Percentage Range (W%R) 31.20
Lane's Stochastic (%D-Slow) 74.31
Greed/Fear Indicator (GFI) 62.66
Moving Average Converg./Diverg. (MACD) -0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.19
Williams' Percentage Range (W%R) 38.00
Lane's Stochastic (%D-Slow) 49.78
Greed/Fear Indicator (GFI) 52.05
Moving Average Converg./Diverg. (MACD) 8.29
Trading Signals
Description Value Chart
Monthly Trendline Resistance 248.95
Upper Bollinger Band 240.42
Monthly Trendline Support 235.78
Daily Stochastic Crossing 229.43
20 Day Moving Average 228.88
50 Day Moving Average 228.69
Weekly Stochastic Crossing 228.20
Price 224.86
Parabolic System 223.44
Lower Bollinger Band 216.38
Quarterly Trendline Resistance 208.03
Sector and Industry
Description Name Rank
Sector Services 6
Industry Discount Variety Stores 93
Daily Trend
Description Value
Direction Down
Chart Pattern Rising Pennant
High 240.88
High Date 11/07/2018
Low 217.45
Low Date 11/21/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 217.00
Low Date 10/26/2018
High 240.88
High Date 11/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 248.95
Support 235.78
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 208.03
Support 172.88
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 123.34
Support 36.60
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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