The Greedy Trader Weekly Analysis
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Monthly Pattern:Symmetric Triangle
Number of records: 8
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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 :Overbought industryBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price
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 -1.62 points, or -1.32%, and closed at 120.96 on Friday, August 10, 2018. It was the worst weekly loss since June 15, 2018. Weekly volume was -31% below average.

DLR is a member of REIT - Office Industry. REIT - Office is the fourth most overbought 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 96.56 on March 2, 2018. DLR lost 30.67 points, or 24.11%, in 24 weeks. The price is now at the 79.56% 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 123.13 on August 6, 2018. DLR gained -26.57 points, or -27.52%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (109.95) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See DLR weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since April 27, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend 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 August 6, 2018 at 123.13 and reached 120.62 on August 10, 2018. DLR lost 2.51 points, or 2.04%, in 4 days. The price is now at the 13.55% retracement level.

Daily Technical Indicators: [See DLR daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

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

A Parabolic SAR (stop and reversal) indicator (120.66) comes close to the price (120.96). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.54
Williams' Percentage Range (W%R) 16.90
Overbought
Lane's Stochastic (%D-Slow) 69.72
Greed/Fear Indicator (GFI) 74.77
Moving Average Converg./Diverg. (MACD) 2.52
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.72
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 91.32
Strong Overbought
Greed/Fear Indicator (GFI) 83.70
Overbought
Moving Average Converg./Diverg. (MACD) 0.69
Trading Signals
Description Value Chart
Upper Bollinger Band 124.66
Daily Stochastic Crossing 121.90
Weekly Stochastic Crossing 121.50
Price 120.96
Parabolic System 120.66
20 Day Moving Average 119.08
50 Day Moving Average 113.73
Lower Bollinger Band 113.52
Quarterly Trendline Resistance 112.70
Quarterly Trendline Support 109.95
Sector and Industry
Description Name Rank
Sector Financial 5
Industry REIT - Office 160
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 123.13
High Date 08/06/2018
Low 120.62
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.13
High Date 08/06/2018
Low 120.62
Low Date 08/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 105.10
Low Date 06/14/2018
High 123.13
High Date 08/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 112.70
Support 109.95
Low 96.56
Low Date 03/02/2018
High 123.13
High Date 08/06/2018
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.

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