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|It was the negative week for the Citrix Systems (CTXS). During the week, the CTXS gave back -0.76 points, or -0.86%, and closed at 87.59 on Friday, December 08, 2017. It was the worst weekly loss since October 27, 2017. Weekly volume was 13% above average. |
Long-term trend: [See CTXS long-term trend chart]
A long-term downtrend had started on January 25, 2017 at 95.90 and reached 70.24 on February 1, 2017. CTXS lost 25.66 points, or 26.76%, in 1 weeks. The price is now at the 67.61% retracement level.
Medium-term trend: [See CTXS medium-term trend chart]
A medium-term uptrend had started on August 14, 2017 at 73.33 and reached 88.96 on December 1, 2017. CTXS gained -15.63 points, or -21.31%, in 15 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 78.82 and resistance is at 89.68. 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 medium-term trend.
Weekly Technical Indicators: [See CTXS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
Short-term trend: [See CTXS short-term trend chart]
A short-term downtrend had started on December 1, 2017 at 88.96 and reached 86.04 on December 5, 2017. CTXS lost 2.92 points, or 3.28%, in 4 days. The price is now at the 53.08% retracement level.
Daily Technical Indicators: [See CTXS daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (86.8) comes close to the price (87.59). It indicates that the trend is getting weaker. 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.