The Greedy Trader Weekly Analysis
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Number of records: 10
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Citrix Systems
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Summary:
Weekly :
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger Band20 Day Moving Average has crossed below the 50 Day Moving AverageMACD bullish divergence
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It was the negative week for the Citrix Systems (CTXS). During the week, the CTXS dropped -3.27 points, or -2.94%, and closed at 107.89 on Friday, October 05, 2018. Weekly volume was -25% below average.

Long-term trend: [See CTXS long-term trend chart]
A long-term uptrend had started on February 1, 2017 at 70.24 and reached 116.82 on July 26, 2018. CTXS gained -46.58 points, or -66.32%, in 77 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 79.99 and resistance is at 120.99. 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 long-term trend.

Medium-term trend: [See CTXS medium-term trend chart]
A medium-term uptrend had started on August 14, 2017 at 73.33 and reached 116.82 on July 26, 2018. CTXS gained -43.49 points, or -59.31%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 102.06 and resistance is at 124.41. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since August 31, 2018. 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 July 26, 2018 at 116.82 and reached 106.90 on October 5, 2018. CTXS lost 9.92 points, or 8.49%, in 71 days. The chart has formed a Falling Pennant chart pattern. The downtrend support line (109.39) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See CTXS daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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.

The daily MACD line is below its signal line since September 4, 2018. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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 20 Day Moving Average 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) 29.38
Williams' Percentage Range (W%R) 72.40
Lane's Stochastic (%D-Slow) 34.61
Greed/Fear Indicator (GFI) 30.54
Moving Average Converg./Diverg. (MACD) -0.29 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.43
Williams' Percentage Range (W%R) 57.00
Lane's Stochastic (%D-Slow) 43.69
Greed/Fear Indicator (GFI) 44.63
Moving Average Converg./Diverg. (MACD) 4.51
Trading Signals
Description Value Chart
Monthly Trendline Resistance 124.41
Quarterly Trendline Resistance 120.99
Upper Bollinger Band 112.69
Parabolic System 112.21
Weekly Trendline Resistance 111.68
50 Day Moving Average 111.34
20 Day Moving Average 110.72
Weekly Stochastic Crossing 109.77
Weekly Trendline Support 109.39
Lower Bollinger Band 108.50
Daily Stochastic Crossing 108.42
Price 107.89
Monthly Trendline Support 102.06
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Internet Software & Svcs 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 112.32
High Date 09/26/2018
Low 106.90
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Support
Resistance 111.68
Support 109.39
High 116.82
High Date 07/26/2018
Low 106.90
Low Date 10/05/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 124.41
Support 102.06
Low 73.33
Low Date 08/14/2017
High 116.82
High Date 07/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 120.99
Support 79.99
Low 70.24
Low Date 02/01/2017
High 116.82
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.21
Low Date 08/19/2011
High 116.82
High Date 07/26/2018
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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