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Quarterly Pattern:Rectangle
Number of records: 1
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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
CSRA Inc
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Summary:
Weekly :Broken trend support lineBroken trend support lineLane's Stochastic is overbought
Daily :Daily  MACD line has moved below its signal linePrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe 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 CSRA Inc (CSRA). During the week, the CSRA dropped -1.53 points, or -4.73%, and closed at 30.82 on Friday, February 09, 2018. It was the worst weekly loss since November 10, 2017. Weekly volume was 65% above average.

Long-term trend: [See CSRA long-term trend chart]
A long-term uptrend had started on August 29, 2017 at 31.04 and reached 33.79 on February 1, 2018. CSRA gained -2.75 points, or -8.86%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (33.69) 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 long-term trend.

Medium-term trend: [See CSRA medium-term trend chart]
A medium-term uptrend had started on November 15, 2017 at 27.38 and reached 33.79 on February 1, 2018. CSRA gained -6.41 points, or -23.41%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (33.69) 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 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 January 5, 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 CSRA short-term trend chart]
A short-term downtrend had started on February 1, 2018 at 33.79 and reached 29.81 on February 9, 2018. CSRA lost 3.98 points, or 11.78%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

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

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) 39.79
Williams' Percentage Range (W%R) 63.60
Lane's Stochastic (%D-Slow) 21.40
Greed/Fear Indicator (GFI) 32.54
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.84
Williams' Percentage Range (W%R) 39.50
Lane's Stochastic (%D-Slow) 82.01
Overbought
Greed/Fear Indicator (GFI) 66.09
Moving Average Converg./Diverg. (MACD) -0.04
Trading Signals
Description Value Chart
Yearly Trendline Resistance 34.84
Quarterly Trendline Resistance 34.84
Yearly Trendline Support 33.69
Quarterly Trendline Support 33.69
Upper Bollinger Band 33.48
Weekly Stochastic Crossing 32.95
Parabolic System 32.86
20 Day Moving Average 32.15
50 Day Moving Average 30.88
Daily Stochastic Crossing 30.85
Price 30.82
Lower Bollinger Band 29.96
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.79
High Date 02/01/2018
Low 29.81
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.79
High Date 02/01/2018
Low 29.81
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.79
High Date 02/01/2018
Low 29.81
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 34.84
Support 33.69
Low 27.38
Low Date 11/15/2017
High 33.79
High Date 02/01/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 34.84
Support 33.69
Low 31.04
Low Date 08/29/2017
High 33.79
High Date 02/01/2018
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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