The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Channel
Number of records: 5
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
CVS Caremark Corp.
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are strongly overboughtTrend resistance at 76.68
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaMACD bearish divergenceDaily  MACD line has moved below its signal lineThe price touches the upper Bollinger BandThe period of low volatility of the stock price
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It was the negative week for the CVS Caremark Corp. (CVS). During the week, the CVS gave back -0.38 points, or -0.49%, and closed at 76.91 on Friday, September 14, 2018. Weekly volume was -33% below average.

Long-term trend: [See CVS long-term trend chart]
A long-term downtrend had started on July 29, 2015 at 113.65 and reached 60.14 on March 27, 2018. CVS lost 53.51 points, or 47.08%, in 138 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (76.68). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See CVS medium-term trend chart]
A medium-term uptrend had started on March 27, 2018 at 60.14 and reached 78.50 on September 13, 2018. CVS gained -18.36 points, or -30.53%, in 24 weeks. The price is now at the 8.66% retracement level.

Weekly Technical Indicators: [See CVS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 May 18, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CVS short-term trend chart]
A short-term uptrend had started on August 2, 2018 at 63.23 and reached 78.50 on September 13, 2018. CVS gained -15.27 points, or -24.15%, in 42 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See CVS 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 Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily 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 daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The price touches the upper Bollinger Band. The distance between the Bollinger Bands is falling, and it was 6.29% on Friday. It is 52.95% lower than one year average. It indicates the period of low volatility of the stock price. 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) 63.54
Williams' Percentage Range (W%R) 18.30
Overbought
Lane's Stochastic (%D-Slow) 70.49
Greed/Fear Indicator (GFI) 71.90
Moving Average Converg./Diverg. (MACD) 1.89 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.47
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 90.62
Strong Overbought
Greed/Fear Indicator (GFI) 80.01
Overbought
Moving Average Converg./Diverg. (MACD) -0.25
Trading Signals
Description Value Chart
Weekly Stochastic Crossing 77.54
Daily Stochastic Crossing 77.02
Upper Bollinger Band 77.01
Price 76.91
Yearly Trendline Resistance 76.68
20 Day Moving Average 75.13
Parabolic System 74.86
Lower Bollinger Band 72.16
50 Day Moving Average 70.45
Sector and Industry
Description Name Rank
Sector Services 7
Industry Drug Stores 145
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 63.23
Low Date 08/02/2018
High 78.50
High Date 09/13/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.04
Low Date 06/28/2018
High 78.50
High Date 09/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.14
Low Date 03/27/2018
High 78.50
High Date 09/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.67
High Date 05/09/2016
Low 60.14
Low Date 03/27/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 76.68
Support 55.62
High 113.65
High Date 07/29/2015
Low 60.14
Low Date 03/27/2018
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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