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Monthly Pattern:Rising Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
CSX Corp.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtThe price is above the upper Bollinger BandPrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second positive week after 4 consecutive negative weeks for the CSX Corp. (CSX). During the week, the CSX gained 5.24 points, or 10.29%, and closed at 56.14 on Friday, December 01, 2017. Weekly volume was 14% above average.

Long-term trend: [See CSX long-term trend chart]
A long-term uptrend had started on June 21, 2000 at 3.25 and reached 56.32 on December 1, 2017. CSX gained -53.07 points, or -1632.92%, in 910 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (24.30) 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 CSX medium-term trend chart]
A medium-term uptrend had started on August 2, 2017 at 47.99 and reached 56.32 on December 1, 2017. CSX gained -8.33 points, or -17.36%, in 17 weeks. Price is near the trend high.

Weekly Technical Indicators: [See CSX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 9, 2017. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See CSX short-term trend chart]
A short-term uptrend had started on November 15, 2017 at 48.26 and reached 56.32 on December 1, 2017. CSX gained -8.06 points, or -16.70%, in 16 days. Price is near the trend high.

Daily Technical Indicators: [See CSX daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 21, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 78.91
Williams' Percentage Range (W%R) 13.50
Overbought
Lane's Stochastic (%D-Slow) 92.82
Strong Overbought
Greed/Fear Indicator (GFI) 86.07
Overbought
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.95
Williams' Percentage Range (W%R) 13.10
Overbought
Lane's Stochastic (%D-Slow) 38.90
Greed/Fear Indicator (GFI) 60.89
Moving Average Converg./Diverg. (MACD) 1.18
Trading Signals
Description Value Chart
Price 56.14
Daily Stochastic Crossing 56.08
Upper Bollinger Band 55.99
50 Day Moving Average 52.24
Parabolic System 51.56
Weekly Stochastic Crossing 51.35
20 Day Moving Average 51.24
Lower Bollinger Band 48.12
Yearly Trendline Resistance 45.85
Sector and Industry
Description Name Rank
Sector Services 4
Industry Railroads 109
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.26
Low Date 11/15/2017
High 56.32
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.26
Low Date 11/15/2017
High 56.32
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.99
Low Date 08/02/2017
High 56.32
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 21.33
Low Date 01/20/2016
High 56.32
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 45.85
Support 24.30
Low 3.25
Low Date 06/21/2000
High 56.32
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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