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 lineOversold sector
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldLane's Stochastic and MACD bullish divergence
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 -0.51 points, or -2.67%, and closed at 18.59 on Friday, August 03, 2018. Weekly volume was -8% below average.

DO is a member of Basic Materials Sector. Basic Materials is the second most oversold 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 21.92 on June 28, 2018. DO gained -11.86 points, or -117.89%, in 52 weeks. The price is now at the 28.08% retracement level.

Medium-term trend: [See DO medium-term trend chart]
A medium-term downtrend had started on June 28, 2018 at 21.92 and reached 17.94 on August 2, 2018. DO lost 3.98 points, or 18.16%, in 5 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 17.49 and resistance is at 19.93. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

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 July 30, 2018 at 20.34 and reached 17.94 on August 2, 2018. DO lost 2.40 points, or 11.80%, in 3 days. The price is now at the 27.08% retracement level.

Daily Technical Indicators: [See DO daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 daily MACD line is below its signal line since July 16, 2018. 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.93
Williams' Percentage Range (W%R) 84.80
Oversold
Lane's Stochastic (%D-Slow) 35.14
Bullish
Greed/Fear Indicator (GFI) 28.41
Moving Average Converg./Diverg. (MACD) -0.11 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.49
Williams' Percentage Range (W%R) 43.50
Lane's Stochastic (%D-Slow) 45.55
Greed/Fear Indicator (GFI) 49.83
Moving Average Converg./Diverg. (MACD) 0.87
Trading Signals
Description Value Chart
Upper Bollinger Band 20.73
Parabolic System 20.17
Weekly Trendline Resistance 19.93
Weekly Stochastic Crossing 19.54
20 Day Moving Average 19.37
50 Day Moving Average 19.19
Daily Stochastic Crossing 18.60
Price 18.59
Lower Bollinger Band 17.55
Weekly Trendline Support 17.49
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Oil & Gas Drilling/Explor 49
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 20.34
High Date 07/30/2018
Low 17.94
Low Date 08/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 19.93
Support 17.49
High 21.92
High Date 06/28/2018
Low 17.94
Low Date 08/02/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.64
Low Date 02/15/2018
High 21.92
High Date 06/28/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.06
Low Date 06/23/2017
High 21.92
High Date 06/28/2018
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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