The Greedy Trader Weekly Analysis
Sign In Dec 8, 2017
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Monthly Pattern:Falling Channel
Number of records: 6
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Archive
- 12/1/2017
Sign In to see current Signals.
Diamond Offshore Drilling Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Relative Strength Index is overboughtStochastic signal line moved below overbought areaTrend resistance at 16.42
Daily :The 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 first positive week for the Diamond Offshore Drilling Inc. (DO). During the week, the DO gained 0.72 points, or 4.51%, and closed at 16.68 on Friday, December 01, 2017. Weekly volume was -30% below average.

Long-term trend: [See DO long-term trend chart]
A long-term downtrend had started on June 8, 2016 at 26.72 and reached 10.06 on June 23, 2017. DO lost 16.66 points, or 62.35%, in 54 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (16.42). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See DO medium-term trend chart]
A medium-term uptrend had started on June 23, 2017 at 10.06 and reached 17.95 on November 10, 2017. DO gained -7.89 points, or -78.43%, in 20 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 10.46 and resistance is at 18.92. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See DO weekly technical indicators chart]
Weekly Relative Strength Index is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. 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 Relative Strength Index help.

The weekly MACD line is above its signal line since July 28, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See DO short-term trend chart]
A short-term downtrend had started on November 10, 2017 at 17.95 and reached 15.15 on November 15, 2017. DO lost 2.80 points, or 15.60%, in 5 days. The chart has formed a Ascending Triangle chart pattern.

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

The daily MACD line is below its signal line since November 10, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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) 40.93
Williams' Percentage Range (W%R) 58.90
Lane's Stochastic (%D-Slow) 51.46
Greed/Fear Indicator (GFI) 44.49
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.56
Overbought
Williams' Percentage Range (W%R) 21.30
Lane's Stochastic (%D-Slow) 72.00
Greed/Fear Indicator (GFI) 70.55
Moving Average Converg./Diverg. (MACD) 0.21
Trading Signals
Description Value Chart
Weekly Trendline Resistance 18.92
Upper Bollinger Band 17.25
Weekly Stochastic Crossing 16.75
Price 16.68
Monthly Trendline Resistance 16.42
20 Day Moving Average 16.32
Daily Stochastic Crossing 16.09
50 Day Moving Average 15.62
Parabolic System 15.13
Lower Bollinger Band 14.88
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Oil & Gas Drilling/Explor 123
Daily Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
High 17.95
High Date 11/10/2017
Low 15.15
Low Date 11/15/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 18.92
Support 10.46
Low 10.06
Low Date 06/23/2017
High 17.95
High Date 11/10/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 16.42
Support 5.97
High 26.72
High Date 06/08/2016
Low 10.06
Low Date 06/23/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 76.85
High Date 02/04/2013
Low 10.06
Low Date 06/23/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.30
High Date 12/26/2007
Low 10.06
Low Date 06/23/2017
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.

Copyright© 2004-2016 All rights reserved.