The Greedy Trader Weekly Analysis
Sign In Nov 16, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Symmetric Triangle
Number of records: 1
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
Digital Realty Trust
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Stochastic signal line moved above oversold areaPrice is near the Fibonacci 38.2% retracement level
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the Digital Realty Trust (DLR). During the week, the DLR gained 3.09 points, or 2.87%, and closed at 110.62 on Friday, November 09, 2018. DLR was trading at average weekly trading volume.

Long-term trend: [See DLR long-term trend chart]
A long-term downtrend had started on September 11, 2017 at 127.23 and reached 96.56 on March 2, 2018. DLR lost 30.67 points, or 24.11%, in 24 weeks. The price is now at the 45.84% retracement level.

Medium-term trend: [See DLR medium-term trend chart]
A medium-term downtrend had started on August 29, 2018 at 125.10 and reached 102.28 on October 31, 2018. DLR lost 22.82 points, or 18.24%, in 9 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See DLR weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since September 28, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See DLR short-term trend chart]
A short-term uptrend had started on October 31, 2018 at 102.28 and reached 112.48 on November 7, 2018. DLR gained -10.20 points, or -9.97%, in 7 days. The price is now at the 18.24% retracement level.

Daily Technical Indicators: [See DLR daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

During the last week, the price has moved above 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) 46.60
Williams' Percentage Range (W%R) 34.00
Lane's Stochastic (%D-Slow) 71.95
Greed/Fear Indicator (GFI) 61.53
Moving Average Converg./Diverg. (MACD) -1.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.63
Williams' Percentage Range (W%R) 57.30
Lane's Stochastic (%D-Slow) 24.49
Greed/Fear Indicator (GFI) 36.26
Moving Average Converg./Diverg. (MACD) 1.35
Trading Signals
Description Value Chart
Upper Bollinger Band 117.52
50 Day Moving Average 114.10
Price 110.62
Daily Stochastic Crossing 110.04
20 Day Moving Average 109.98
Weekly Stochastic Crossing 107.92
Lower Bollinger Band 103.12
Parabolic System 102.59
Sector and Industry
Description Name Rank
Sector Financial 5
Industry REIT - Office 58
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.28
Low Date 10/31/2018
High 112.48
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 117.03
High Date 10/25/2018
Low 102.28
Low Date 10/31/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 125.10
High Date 08/29/2018
Low 102.28
Low Date 10/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 96.56
Low Date 03/02/2018
High 125.10
High Date 08/29/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.23
High Date 09/11/2017
Low 96.56
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.

Copyright© 2004-2016 All rights reserved.