The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Pennant
Number of records: 4
Symbol:  

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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

Delphi Automotive
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Summary:
Weekly :Oversold sector
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
Move cursor over the icon to see details.

It was a second consecutive positive week for the Delphi Automotive (DLPH). During the week, the DLPH gained 2.61 points, or 5.22%, and closed at 52.58 on Friday, May 18, 2018. Weekly volume was -59% below average.

DLPH is a member of Consumer Goods Sector. Consumer Goods is the most oversold 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 DLPH long-term trend chart]
A long-term downtrend had started on November 30, 2017 at 104.99 and reached 45.66 on March 2, 2018. DLPH lost 59.33 points, or 56.51%, in 13 weeks. The price is now at the 11.66% retracement level.

Medium-term trend: [See DLPH medium-term trend chart]
A medium-term uptrend had started on March 2, 2018 at 45.66 and reached 53.41 on May 18, 2018. DLPH gained -7.75 points, or -16.97%, in 11 weeks. The price is now at the 10.71% retracement level.

Weekly Technical Indicators: [See DLPH weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since April 6, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See DLPH short-term trend chart]
A short-term uptrend had started on May 4, 2018 at 46.01 and reached 53.41 on May 18, 2018. DLPH gained -7.40 points, or -16.08%, in 14 days. The price is now at the 11.22% retracement level.

Daily Technical Indicators: [See DLPH daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 daily MACD line is above its signal line since May 9, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.58
Williams' Percentage Range (W%R) 15.00
Overbought
Lane's Stochastic (%D-Slow) 89.80
Overbought
Greed/Fear Indicator (GFI) 83.46
Overbought
Moving Average Converg./Diverg. (MACD) 0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.04
Williams' Percentage Range (W%R) 54.90
Lane's Stochastic (%D-Slow) 60.38
Greed/Fear Indicator (GFI) 53.02
Moving Average Converg./Diverg. (MACD) -8.59
Trading Signals
Description Value Chart
Upper Bollinger Band 53.13
Daily Stochastic Crossing 52.83
Price 52.58
Weekly Stochastic Crossing 50.53
Parabolic System 49.31
20 Day Moving Average 49.25
50 Day Moving Average 48.91
Lower Bollinger Band 46.46
Sector and Industry
Description Name Rank
Sector Consumer Goods 1
Industry Auto Parts 46
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 46.01
Low Date 05/04/2018
High 53.41
High Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.01
Low Date 05/04/2018
High 53.41
High Date 05/18/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.66
Low Date 03/02/2018
High 53.41
High Date 05/18/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 104.99
High Date 11/30/2017
Low 45.66
Low Date 03/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 90.57
High Date 06/22/2015
Low 45.66
Low Date 03/02/2018
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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