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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 :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Costco Co. (COST). During the week, the COST gained 13.51 points, or 7.87%, and closed at 185.13 on Friday, December 01, 2017. Weekly volume was 45% 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 185.18 on December 1, 2017. COST gained -159.24 points, or -613.88%, in 914 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (36.00) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 185.18 on December 1, 2017. COST gained -154.48 points, or -503.19%, in 480 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 158.92 and resistance is at 194.08. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See COST weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 September 22, 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 COST short-term trend chart]
A short-term uptrend had started on October 9, 2017 at 154.11 and reached 185.18 on December 1, 2017. COST gained -31.07 points, or -20.16%, in 53 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (173.70) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since October 23, 2017. This is an indication that the short-term trend is up.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 80.89
Overbought
Williams' Percentage Range (W%R) 9.00
Strong Overbought
Lane's Stochastic (%D-Slow) 92.83
Strong Overbought
Greed/Fear Indicator (GFI) 88.25
Overbought
Moving Average Converg./Diverg. (MACD) 3.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.59
Overbought
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 88.07
Overbought
Greed/Fear Indicator (GFI) 82.52
Overbought
Moving Average Converg./Diverg. (MACD) -0.21
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 194.08
Price 185.13
Daily Stochastic Crossing 184.70
Weekly Stochastic Crossing 183.05
Upper Bollinger Band 182.67
Weekly Trendline Resistance 177.53
Weekly Trendline Support 173.70
Parabolic System 172.33
20 Day Moving Average 172.21
Monthly Trendline Resistance 170.33
50 Day Moving Average 165.71
Lower Bollinger Band 162.61
Quarterly Trendline Support 158.92
Monthly Trendline Support 158.38
Sector and Industry
Description Name Rank
Sector Services 4
Industry Discount Variety Stores 117
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 171.10
Low Date 11/22/2017
High 185.18
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 177.53
Support 173.70
Low 154.11
Low Date 10/09/2017
High 185.18
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 170.33
Support 158.38
Low 150.00
Low Date 07/21/2017
High 185.18
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 194.08
Support 158.92
Low 30.70
Low Date 09/19/2008
High 185.18
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 118.73
Support 36.00
Low 25.94
Low Date 05/24/2000
High 185.18
High Date 12/01/2017
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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