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|It was a second consecutive positive week for the Century Telephone (CTL). During the week, the CTL gained 2.55 points, or 13.54%, and closed at 21.38 on Friday, August 10, 2018. Weekly volume was 24% above average. |
Long-term trend: [See CTL long-term trend chart]
A long-term downtrend had started on July 29, 2014 at 45.67 and reached 13.16 on November 28, 2017. CTL lost 32.51 points, or 71.18%, in 174 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 8.44 and resistance is at 25.21. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
Medium-term trend: [See CTL medium-term trend chart]
A medium-term uptrend had started on November 28, 2017 at 13.16 and reached 21.61 on August 10, 2018. CTL gained -8.45 points, or -64.21%, in 36 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (18.60) 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 medium-term trend.
Weekly Technical Indicators: [See CTL 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 above its signal line since December 22, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See CTL short-term trend chart]
A short-term uptrend had started on June 8, 2018 at 17.29 and reached 21.61 on August 10, 2018. CTL gained -4.32 points, or -24.99%, in 63 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 18.41 and resistance is at 22.61. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See CTL 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.
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.