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Monthly Pattern:Symmetric Triangle
Number of records: 4
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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
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Summary:
Weekly :Oversold sectorOversold industryBroken trend support line - Downtrend exhaustionWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBullish Harami Candlestick
Move cursor over the icon to see details.

It was the negative week for the Digital Realty Trust (DLR). During the week, the DLR dropped -5.50 points, or -5.11%, and closed at 102.21 on Friday, February 09, 2018. Weekly volume was 51% above average.

DLR is a member of Financial Sector. Financial is the second most oversold sector. DLR is a member of REIT - Office Industry. REIT - Office is the ninth most oversold industry. 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 DLR long-term trend chart]
A long-term downtrend had started on September 11, 2017 at 127.23 and reached 98.28 on February 9, 2018. DLR lost 28.95 points, or 22.75%, in 21 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (122.16) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See DLR medium-term trend chart]
A medium-term downtrend had started on November 8, 2017 at 123.99 and reached 98.28 on February 9, 2018. DLR lost 25.71 points, or 20.74%, in 13 weeks. The price is now at the 15.29% retracement level.

Weekly Technical Indicators: [See DLR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 27, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See DLR short-term trend chart]
A short-term downtrend had started on January 29, 2018 at 112.43 and reached 98.28 on February 9, 2018. DLR lost 14.15 points, or 12.59%, in 11 days. The price is now at the 27.77% retracement level.

Daily Technical Indicators: [See DLR daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

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

Candlestick pattern: [See DLR candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.07
Williams' Percentage Range (W%R) 91.40
Strong Oversold
Lane's Stochastic (%D-Slow) 17.13
Oversold
Greed/Fear Indicator (GFI) 21.27
Moving Average Converg./Diverg. (MACD) -1.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.22
Williams' Percentage Range (W%R) 95.30
Strong Oversold
Lane's Stochastic (%D-Slow) 21.76
Greed/Fear Indicator (GFI) 21.51
Moving Average Converg./Diverg. (MACD) -0.23
Trading Signals
Description Value Chart
Quarterly Trendline Support 122.16
Quarterly Trendline Resistance 118.46
Upper Bollinger Band 113.63
50 Day Moving Average 110.83
20 Day Moving Average 107.23
Parabolic System 106.36
Weekly Stochastic Crossing 102.34
Price 102.21
Daily Stochastic Crossing 101.27
Lower Bollinger Band 100.54
Sector and Industry
Description Name Rank
Sector Financial 2
Industry REIT - Office 9
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 112.23
High Date 02/01/2018
Low 98.28
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 112.43
High Date 01/29/2018
Low 98.28
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.99
High Date 11/08/2017
Low 98.28
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 118.46
Support 122.16
High 127.23
High Date 09/11/2017
Low 98.28
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.04
Low Date 12/03/2013
High 127.23
High Date 09/11/2017
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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