The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 8
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Danaher Corp.
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Summary:
Weekly :Lane's Stochastic is overboughtPrice is near the Fibonacci 23.6% retracement levelPrice is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic is oversoldPrice has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Danaher Corp. (DHR). During the week, the DHR dropped -3.60 points, or -3.37%, and closed at 103.38 on Friday, October 12, 2018. Weekly volume was 28% above average.

Long-term trend: [See DHR long-term trend chart]
A long-term uptrend had started on August 10, 2017 at 78.97 and reached 110.13 on October 3, 2018. DHR gained -31.16 points, or -39.46%, in 59 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See DHR medium-term trend chart]
A medium-term uptrend had started on February 9, 2018 at 91.84 and reached 110.13 on October 3, 2018. DHR gained -18.29 points, or -19.92%, in 33 weeks. Price is near the Fibonacci 38.2% retracement level.

Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since September 7, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DHR short-term trend chart]
A short-term downtrend had started on October 3, 2018 at 110.13 and reached 100.50 on October 11, 2018. DHR lost 9.63 points, or 8.74%, in 8 days. The price is now at the 29.91% retracement level.

Daily Technical Indicators: [See DHR daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since October 2, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 35.43
Williams' Percentage Range (W%R) 75.60
Lane's Stochastic (%D-Slow) 19.55
Oversold
Greed/Fear Indicator (GFI) 26.46
Moving Average Converg./Diverg. (MACD) 0.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.72
Williams' Percentage Range (W%R) 55.80
Lane's Stochastic (%D-Slow) 81.27
Overbought
Greed/Fear Indicator (GFI) 58.55
Moving Average Converg./Diverg. (MACD) 1.90
Trading Signals
Description Value Chart
Upper Bollinger Band 109.92
Weekly Stochastic Crossing 107.87
20 Day Moving Average 106.97
Parabolic System 106.83
50 Day Moving Average 104.32
Price 103.38
Daily Stochastic Crossing 102.39
Lower Bollinger Band 101.81
Sector and Industry
Description Name Rank
Sector Industrial Goods 5
Industry General Building Matrials 51
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 110.13
High Date 10/03/2018
Low 100.50
Low Date 10/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 110.13
High Date 10/03/2018
Low 100.50
Low Date 10/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.84
Low Date 02/09/2018
High 110.13
High Date 10/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 78.97
Low Date 08/10/2017
High 110.13
High Date 10/03/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.71
Low Date 10/17/2016
High 110.13
High Date 10/03/2018
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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