The Greedy Trader Weekly Analysis
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Citrix Systems
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal line
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.85
Williams' Percentage Range (W%R) 19.80
Overbought
Lane's Stochastic (%D-Slow) 45.33
Greed/Fear Indicator (GFI) 60.79
Moving Average Converg./Diverg. (MACD) 1.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.79
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 88.55
Overbought
Greed/Fear Indicator (GFI) 81.90
Overbought
Moving Average Converg./Diverg. (MACD) 0.14
Trading Signals
Description Value Chart
Monthly Trendline Resistance 89.68
Upper Bollinger Band 88.64
Weekly Stochastic Crossing 87.98
Price 87.59
Daily Stochastic Crossing 87.45
Parabolic System 86.80
20 Day Moving Average 86.43
Lower Bollinger Band 83.92
50 Day Moving Average 83.68
Monthly Trendline Support 78.82
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Internet Software & Svcs 77
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 88.96
High Date 12/01/2017
Low 86.04
Low Date 12/05/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.01
Low Date 09/15/2017
High 88.96
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 89.68
Support 78.82
Low 73.33
Low Date 08/14/2017
High 88.96
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 95.90
High Date 01/25/2017
Low 70.24
Low Date 02/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.21
Low Date 08/19/2011
High 95.90
High Date 01/25/2017
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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