The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 5
Symbol:  

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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
Diamond Offshore Drilling Inc.
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance line
Daily :Relative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldStochastic has raised above the signal lineThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Diamond Offshore Drilling Inc. (DO). During the week, the DO dropped -1.92 points, or -11.42%, and closed at 14.89 on Friday, February 09, 2018. Weekly volume was -12% below average.

Long-term trend: [See DO long-term trend chart]
A long-term downtrend had started on February 4, 2013 at 76.85 and reached 10.06 on June 23, 2017. DO lost 66.79 points, or 86.91%, in 228 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (8.24) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.

Medium-term trend: [See DO medium-term trend chart]
A medium-term downtrend had started on January 12, 2018 at 20.41 and reached 14.23 on February 9, 2018. DO lost 6.18 points, or 30.28%, in 4 weeks. The price is now at the 10.68% retracement level.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 January 22, 2018 at 19.96 and reached 14.23 on February 9, 2018. DO lost 5.73 points, or 28.71%, in 18 days. The price is now at the 11.52% retracement level.

Daily Technical Indicators: [See DO daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since January 12, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands is 140.70% higher then one year average. It indicates the period of high volatility of the stock price. 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) 12.96
Oversold
Williams' Percentage Range (W%R) 90.00
Oversold
Lane's Stochastic (%D-Slow) 8.03
Strong Oversold
Greed/Fear Indicator (GFI) 10.34
Oversold
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.74
Williams' Percentage Range (W%R) 75.00
Lane's Stochastic (%D-Slow) 61.84
Greed/Fear Indicator (GFI) 44.22
Moving Average Converg./Diverg. (MACD) 1.10
Trading Signals
Description Value Chart
Upper Bollinger Band 20.78
20 Day Moving Average 18.07
50 Day Moving Average 17.92
Weekly Stochastic Crossing 17.65
Parabolic System 16.12
Price 14.89
Daily Stochastic Crossing 14.60
Lower Bollinger Band 14.03
Sector and Industry
Description Name Rank
Sector Basic Materials 4
Industry Oil & Gas Drilling/Explor 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 19.96
High Date 01/22/2018
Low 14.23
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 20.41
High Date 01/12/2018
Low 14.23
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.06
Low Date 06/23/2017
High 20.41
High Date 01/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 1.60
Support 8.24
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.

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