The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Pennant
Number of records: 6
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 :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal lineTrend support at 52.79
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
Move cursor over the icon to see details.

It was the negative week for the Delphi Automotive (DLPH). During the week, the DLPH dropped -2.30 points, or -4.22%, and closed at 52.17 on Friday, February 09, 2018. Weekly volume was -52% below average.

Long-term trend: [See DLPH long-term trend chart]
A long-term downtrend had started on November 30, 2017 at 104.99 and reached 47.10 on December 14, 2017. DLPH lost 57.89 points, or 55.14%, in 2 weeks. The chart has formed a Rectangle chart pattern. The price is near the trend support (52.79) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See DLPH medium-term trend chart]
A medium-term downtrend had started on January 16, 2018 at 60.39 and reached 50.26 on February 9, 2018. DLPH lost 10.13 points, or 16.77%, in 3 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 50.17 and resistance is at 53.32. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See DLPH weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. 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 below its signal line since October 13, 2017. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See DLPH short-term trend chart]
A short-term downtrend had started on February 7, 2018 at 54.77 and reached 50.26 on February 9, 2018. DLPH lost 4.51 points, or 8.23%, in 2 days. The price is now at the 42.35% retracement level.

Daily Technical Indicators: [See DLPH daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.16
Williams' Percentage Range (W%R) 80.70
Oversold
Lane's Stochastic (%D-Slow) 24.10
Bullish
Greed/Fear Indicator (GFI) 27.17
Moving Average Converg./Diverg. (MACD) -1.85
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.75
Williams' Percentage Range (W%R) 91.20
Strong Oversold
Lane's Stochastic (%D-Slow) 19.06
Oversold
Greed/Fear Indicator (GFI) 20.44
Moving Average Converg./Diverg. (MACD) -6.55
Trading Signals
Description Value Chart
Upper Bollinger Band 59.44
50 Day Moving Average 57.33
20 Day Moving Average 55.64
Parabolic System 54.96
Monthly Trendline Resistance 53.32
Quarterly Trendline Support 52.79
Daily Stochastic Crossing 52.75
Price 52.17
Lower Bollinger Band 50.90
Monthly Trendline Support 50.17
Weekly Stochastic Crossing 49.71
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Auto Parts 61
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.77
High Date 02/07/2018
Low 50.26
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.77
High Date 02/07/2018
Low 50.26
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 53.32
Support 50.17
High 60.39
High Date 01/16/2018
Low 50.26
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rectangle
Status Test Support
Resistance 65.81
Support 52.79
High 104.99
High Date 11/30/2017
Low 47.10
Low Date 12/14/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 55.59
Low Date 02/09/2016
High 104.99
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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