The Greedy Trader Weekly Analysis
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Monthly Pattern:Symmetric Triangle
Number of records: 7
Symbol:  

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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 :
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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 -3.55 points, or -3.26%, and closed at 105.24 on Friday, May 18, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was 8% above average.

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 28.30% retracement level.

Medium-term trend: [See DLR medium-term trend chart]
A medium-term uptrend had started on March 2, 2018 at 96.56 and reached 109.78 on May 11, 2018. DLR gained -13.22 points, or -13.69%, in 10 weeks. The price is now at the 34.34% retracement level.

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

The weekly MACD line is above its signal line since April 27, 2018. This is an indication that the medium-term trend is up. 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 May 11, 2018 at 109.78 and reached 104.49 on May 18, 2018. DLR lost 5.29 points, or 4.82%, in 7 days. The price is now at the 14.18% retracement level.

Daily Technical Indicators: [See DLR daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 declined below 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.

Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.27
Williams' Percentage Range (W%R) 47.50
Lane's Stochastic (%D-Slow) 47.84
Greed/Fear Indicator (GFI) 49.53
Moving Average Converg./Diverg. (MACD) 0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.31
Williams' Percentage Range (W%R) 51.70
Lane's Stochastic (%D-Slow) 70.06
Greed/Fear Indicator (GFI) 57.27
Moving Average Converg./Diverg. (MACD) -2.65
Trading Signals
Description Value Chart
Upper Bollinger Band 110.02
Parabolic System 109.67
Weekly Stochastic Crossing 107.03
Daily Stochastic Crossing 106.50
20 Day Moving Average 105.54
Price 105.24
50 Day Moving Average 104.56
Lower Bollinger Band 101.47
Sector and Industry
Description Name Rank
Sector Financial 5
Industry REIT - Office 117
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 109.78
High Date 05/11/2018
Low 104.49
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 100.50
Low Date 04/12/2018
High 109.78
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 96.56
Low Date 03/02/2018
High 109.78
High Date 05/11/2018
Quarterly Trend
Yearly Trend
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
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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