The Greedy Trader Weekly Analysis
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Archive
- 8/10/2018
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Century Telephone
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Summary:
Weekly :Williams' Percentage Range is overboughtMACD bearish divergenceBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.23
Williams' Percentage Range (W%R) 22.20
Lane's Stochastic (%D-Slow) 66.48
Greed/Fear Indicator (GFI) 73.82
Moving Average Converg./Diverg. (MACD) 0.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.73
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 64.84
Greed/Fear Indicator (GFI) 70.02
Moving Average Converg./Diverg. (MACD) 0.14 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 25.21
Weekly Trendline Resistance 22.61
Price 21.38
Upper Bollinger Band 20.82
Daily Stochastic Crossing 20.54
Monthly Trendline Resistance 20.32
Weekly Stochastic Crossing 20.05
20 Day Moving Average 19.05
Parabolic System 18.96
50 Day Moving Average 18.76
Monthly Trendline Support 18.60
Weekly Trendline Support 18.41
Lower Bollinger Band 17.60
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Telecom Services/Domestic 82
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 18.06
Low Date 07/25/2018
High 21.61
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 22.61
Support 18.41
Low 17.29
Low Date 06/08/2018
High 21.61
High Date 08/10/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 20.32
Support 18.60
Low 13.16
Low Date 11/28/2017
High 21.61
High Date 08/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 25.21
Support 8.44
High 45.67
High Date 07/29/2014
Low 13.16
Low Date 11/28/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.87
High Date 12/21/2010
Low 13.16
Low Date 11/28/2017
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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