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Yearly Pattern:Descending Triangle
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Descending Triangle Pattern
The descending triangle is a variation of a symmetrical triangle formation that has a flat support line and a falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. The descending triangle usually represents a distribution stage in bearish market. The descending triangle is considered as a continuation pattern, especially in a downtrend, but it may also mark a reversal in an uptrend. Volume usually increases on trend support resistance breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Descending Triangle Screening page presents a list of stocks forming Descending Triangle Pattern.
Tips:
# 1 As a continuation pattern, descending triangle usually appears within a young trend, characterized by neutral long-term indicators and oversold short-term indicators. Descending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, descending triangle appears in a mature uptrend, characterized by overbought long-term and short-term indicators. This situation usually generates bearish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance level. line.
Descending Triangle Pattern,Descending Triangle,Descending Triangle Chart Pattern,Trend support resistance, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Archive
- 12/1/2017
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Deere & Co.
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Summary:
Weekly :Overbought sectorOverbought industryBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a third consecutive positive week for the Deere & Co. (DE). During the week, the DE gained 4.44 points, or 3.05%, and closed at 149.94 on Friday, December 01, 2017. Weekly volume was 33% above average.

DE is a member of Industrial Goods Sector. Industrial Goods is the most overbought sector. DE is a member of Farm/Construction Machnry Industry. Farm/Construction Machnry is the fifth most overbought industry. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See DE long-term trend chart]
A long-term uptrend had started on October 8, 1998 at 13.78 and reached 150.75 on November 30, 2017. DE gained -136.97 points, or -993.98%, in 999 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (78.54) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See DE medium-term trend chart]
A medium-term uptrend had started on August 18, 2017 at 112.87 and reached 150.75 on November 30, 2017. DE gained -37.88 points, or -33.56%, in 14 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (138.10) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 DE weekly technical indicators chart]
Weekly Relative Strength Index, 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 Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since October 27, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively 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 DE short-term trend chart]
A short-term uptrend had started on November 9, 2017 at 130.77 and reached 150.75 on November 30, 2017. DE gained -19.98 points, or -15.28%, in 21 days. Price is near the trend high.

Daily Technical Indicators: [See DE daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is above its signal line since November 20, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands is 139.05% higher then one year average. It indicates the period of high 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) 91.28
Strong Overbought
Williams' Percentage Range (W%R) 2.50
Strong Overbought
Lane's Stochastic (%D-Slow) 95.71
Strong Overbought
Greed/Fear Indicator (GFI) 94.83
Strong Overbought
Moving Average Converg./Diverg. (MACD) 3.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 92.48
Strong Overbought
Williams' Percentage Range (W%R) 1.30
Strong Overbought
Lane's Stochastic (%D-Slow) 91.94
Strong Overbought
Greed/Fear Indicator (GFI) 89.91
Overbought
Moving Average Converg./Diverg. (MACD) 4.54
Trading Signals
Description Value Chart
Upper Bollinger Band 154.48
Daily Stochastic Crossing 150.08
Price 149.94
Weekly Stochastic Crossing 148.56
Parabolic System 144.29
Monthly Trendline Resistance 141.27
20 Day Moving Average 139.25
Monthly Trendline Support 138.10
50 Day Moving Average 132.85
Lower Bollinger Band 127.04
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry Farm/Construction Machnry 159
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 130.77
Low Date 11/09/2017
High 150.75
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 130.77
Low Date 11/09/2017
High 150.75
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 141.27
Support 138.10
Low 112.87
Low Date 08/18/2017
High 150.75
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.16
Low Date 01/20/2016
High 150.75
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 100.18
Support 78.54
Low 13.78
Low Date 10/08/1998
High 150.75
High Date 11/30/2017
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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