The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 10
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 :Overbought sectorLane's Stochastic is overbought
Daily :
Move cursor over the icon to see details.

It was a second consecutive positive week for the Diamond Offshore Drilling Inc. (DO). During the week, the DO gained 0.43 points, or 2.24%, and closed at 19.60 on Friday, May 18, 2018. Weekly volume was -23% below average.

DO is a member of Basic Materials Sector. Basic Materials is the most overbought sector. 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 DO long-term trend chart]
A long-term uptrend had started on June 23, 2017 at 10.06 and reached 20.41 on January 12, 2018. DO gained -10.35 points, or -102.88%, in 29 weeks. The price is now at the 7.83% retracement level.

Medium-term trend: [See DO medium-term trend chart]
A medium-term uptrend had started on February 15, 2018 at 13.64 and reached 20.24 on May 10, 2018. DO gained -6.60 points, or -48.39%, in 12 weeks. The price is now at the 9.70% retracement level.

Weekly Technical Indicators: [See DO weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since April 13, 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 DO short-term trend chart]
A short-term downtrend had started on May 10, 2018 at 20.24 and reached 18.76 on May 18, 2018. DO lost 1.48 points, or 7.31%, in 8 days. The price is now at the 56.76% retracement level.

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

The daily MACD line is below its signal line since May 10, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.47
Williams' Percentage Range (W%R) 51.20
Lane's Stochastic (%D-Slow) 56.07
Greed/Fear Indicator (GFI) 55.78
Moving Average Converg./Diverg. (MACD) 0.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.90
Williams' Percentage Range (W%R) 21.40
Lane's Stochastic (%D-Slow) 85.09
Overbought
Greed/Fear Indicator (GFI) 74.97
Moving Average Converg./Diverg. (MACD) 0.51
Trading Signals
Description Value Chart
Upper Bollinger Band 19.89
Daily Stochastic Crossing 19.61
Price 19.60
Weekly Stochastic Crossing 19.18
20 Day Moving Average 18.99
Parabolic System 18.54
Lower Bollinger Band 17.74
50 Day Moving Average 17.33
Sector and Industry
Description Name Rank
Sector Basic Materials 10
Industry Oil & Gas Drilling/Explor 154
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 20.24
High Date 05/10/2018
Low 18.76
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.74
Low Date 05/03/2018
High 20.24
High Date 05/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.64
Low Date 02/15/2018
High 20.24
High Date 05/10/2018
Quarterly Trend
Yearly Trend
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
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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