The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 6
Symbol:  

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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 :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic is strongly overbought
Daily :Lane's Stochastic is oversoldA Parabolic SAR indicator is below and near the priceThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Danaher Corp. (DHR). During the week, the DHR gave back -0.64 points, or -0.68%, and closed at 93.18 on Friday, December 08, 2017. Weekly volume was -20% below average.

DHR is a member of Industrial Goods Sector. Industrial Goods is the most overbought sector. 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 DHR long-term trend chart]
A long-term downtrend had started on July 1, 2016 at 102.79 and reached 75.71 on October 17, 2016. DHR lost 27.08 points, or 26.34%, in 15 weeks. The price is now at the 64.51% retracement level.

Medium-term trend: [See DHR medium-term trend chart]
A medium-term uptrend had started on August 10, 2017 at 78.97 and reached 94.82 on November 30, 2017. DHR gained -15.85 points, or -20.07%, in 16 weeks. The price is now at the 10.35% retracement level.

Weekly Technical Indicators: [See DHR weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. 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 November 30, 2017 at 94.82 and reached 92.04 on December 7, 2017. DHR lost 2.78 points, or 2.93%, in 7 days. The price is now at the 41.01% 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 November 9, 2017. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (94.04) comes close to the price (93.18). 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.

The price is close to the moving average in the center of the Bollinger Bands. 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) 48.83
Williams' Percentage Range (W%R) 59.60
Lane's Stochastic (%D-Slow) 18.92
Oversold
Greed/Fear Indicator (GFI) 36.04
Moving Average Converg./Diverg. (MACD) 0.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.06
Williams' Percentage Range (W%R) 11.90
Overbought
Lane's Stochastic (%D-Slow) 93.18
Strong Overbought
Greed/Fear Indicator (GFI) 79.66
Moving Average Converg./Diverg. (MACD) 1.82
Trading Signals
Description Value Chart
Upper Bollinger Band 94.30
Parabolic System 94.04
Weekly Stochastic Crossing 93.95
20 Day Moving Average 93.41
Price 93.18
Daily Stochastic Crossing 92.63
Lower Bollinger Band 91.72
50 Day Moving Average 91.05
Sector and Industry
Description Name Rank
Sector Industrial Goods 10
Industry General Building Matrials 115
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 94.82
High Date 11/30/2017
Low 92.04
Low Date 12/07/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.81
Low Date 10/17/2017
High 94.82
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 78.97
Low Date 08/10/2017
High 94.82
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 75.71
Low Date 10/17/2016
High 94.82
High Date 11/30/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 102.79
High Date 07/01/2016
Low 75.71
Low Date 10/17/2016
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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