The Greedy Trader Weekly Analysis
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Quarterly Pattern:Rectangle
Number of records: 2
Symbol:  

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Rectangle Chart Pattern - Rectangle Pattern and Chart analysis
A rectangle chart pattern is characterized as a short-term horizontal channel, and it represents a trading range and indecision area that usually resolves in the direction of the main trend. Chart analysis usually considers the rectangle pattern as a continuation formation, but it can also mark significant top and bottom. The rectangle pattern within a younger parent trend has more chances to mark a continuation. To estimate the maturity of the parent trend, consult technical indicators. Volume should increase during breakout, but in contrast with other continuation patterns, the rectangle does not inherit standard volume behavior. After breakout, the rectangle pattern resistance may turn into potential support and vice versa.
Tips:
# 1 As a continuation pattern, the rectangle pattern usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold daily indicators. The pattern resets short-term indicators to neutral and then continues movement in the parent's direction.
# 2 As a reversal formation, the pattern appears in a mature trend characterized by overbought/oversold indicators on long and short time frames. This situation usually generates divergence on weekly indicators.
# 3 For the best results, the rectangle chart pattern should be considered together with other technical analysis signals, chart analysis, and technical trading techniques.
Estimated target: the higher level parent's support/resistance line.
Rectangle, chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Archive
- 12/1/2017
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CSRA Inc
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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the CSRA Inc (CSRA). During the week, the CSRA gained 0.41 points, or 1.45%, and closed at 28.69 on Friday, December 01, 2017. Weekly volume was 55% above average.

Long-term trend: [See CSRA long-term trend chart]
A long-term downtrend had started on July 21, 2017 at 33.67 and reached 27.38 on November 15, 2017. CSRA lost 6.29 points, or 18.68%, in 16 weeks. The price is now at the 20.83% retracement level.

Medium-term trend: [See CSRA medium-term trend chart]
A medium-term uptrend had started on August 29, 2017 at 31.04 and reached 32.99 on September 6, 2017. CSRA gained -1.95 points, or -6.28%, in 1 weeks. The chart has formed a Rectangle chart pattern. The uptrend support line (30.24) 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 medium-term trend.

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

The weekly MACD line is below its signal line since August 18, 2017. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See CSRA short-term trend chart]
A short-term uptrend had started on November 15, 2017 at 27.38 and reached 29.21 on November 30, 2017. CSRA gained -1.83 points, or -6.68%, in 15 days. The price is now at the 28.42% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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

The distance between the Bollinger Bands is 115.28% higher then one year average. It indicates the period of high volatility of the stock price. 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) 48.63
Williams' Percentage Range (W%R) 66.60
Lane's Stochastic (%D-Slow) 75.14
Greed/Fear Indicator (GFI) 52.39
Moving Average Converg./Diverg. (MACD) -0.78
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.08
Williams' Percentage Range (W%R) 75.50
Lane's Stochastic (%D-Slow) 23.21
Greed/Fear Indicator (GFI) 29.05
Moving Average Converg./Diverg. (MACD) 0.13
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 32.27
Upper Bollinger Band 31.57
50 Day Moving Average 30.60
Quarterly Trendline Support 30.24
20 Day Moving Average 28.90
Daily Stochastic Crossing 28.90
Price 28.69
Weekly Stochastic Crossing 28.22
Parabolic System 27.62
Lower Bollinger Band 26.61
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.38
Low Date 11/15/2017
High 29.21
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.38
Low Date 11/15/2017
High 29.21
High Date 11/30/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 32.34
High Date 11/01/2017
Low 27.38
Low Date 11/15/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Broken Support
Resistance 32.27
Support 30.24
Low 31.04
Low Date 08/29/2017
High 32.99
High Date 09/06/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.67
High Date 07/21/2017
Low 27.38
Low Date 11/15/2017
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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