The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 8
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Darden Restaurants
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Summary:
Weekly :Broken trend resistance line
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaRelative Strength Index, Lane's Stochastic and MACD bullish divergenceA Parabolic SAR indicator is below and near the price
Move cursor over the icon to see details.

It was the negative week for the Darden Restaurants (DRI). During the week, the DRI dropped -1.63 points, or -1.50%, and closed at 106.76 on Friday, October 12, 2018. DRI was trading at average weekly trading volume.

Long-term trend: [See DRI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 13.21 and reached 124.00 on September 20, 2018. DRI gained -110.79 points, or -838.68%, in 512 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (71.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 DRI medium-term trend chart]
A medium-term uptrend had started on November 10, 2015 at 53.38 and reached 124.00 on September 20, 2018. DRI gained -70.62 points, or -132.30%, in 149 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 90.52 and resistance is at 118.57. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since September 28, 2018. Use the following link to access a MACD help.

Short-term trend: [See DRI short-term trend chart]
A short-term uptrend had started on April 2, 2018 at 82.38 and reached 124.00 on September 20, 2018. DRI gained -41.62 points, or -50.52%, in 171 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 90.11 and resistance is at 128.53. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See DRI 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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since September 14, 2018.

A Parabolic SAR (stop and reversal) indicator (106.79) comes close to the price (106.76). 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 28.58
Bullish
Williams' Percentage Range (W%R) 89.30
Oversold
Lane's Stochastic (%D-Slow) 24.07
Bullish
Greed/Fear Indicator (GFI) 21.13
Moving Average Converg./Diverg. (MACD) -1.71 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.05
Williams' Percentage Range (W%R) 47.30
Lane's Stochastic (%D-Slow) 44.09
Greed/Fear Indicator (GFI) 47.30
Moving Average Converg./Diverg. (MACD) 5.74
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 118.57
Upper Bollinger Band 118.48
50 Day Moving Average 113.08
Monthly Trendline Resistance 112.37
20 Day Moving Average 111.05
Weekly Stochastic Crossing 110.02
Parabolic System 106.79
Price 106.76
Daily Stochastic Crossing 104.69
Lower Bollinger Band 101.92
Yearly Trendline Resistance 92.82
Quarterly Trendline Support 90.52
Weekly Trendline Support 90.11
Monthly Trendline Support 85.49
Sector and Industry
Description Name Rank
Sector Services 7
Industry Restaurants 123
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 124.00
High Date 09/20/2018
Low 103.14
Low Date 10/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 128.53
Support 90.11
Low 82.38
Low Date 04/02/2018
High 124.00
High Date 09/20/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 112.37
Support 85.49
Low 59.50
Low Date 07/28/2016
High 124.00
High Date 09/20/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 118.57
Support 90.52
Low 53.38
Low Date 11/10/2015
High 124.00
High Date 09/20/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 92.82
Support 71.87
Low 13.21
Low Date 11/21/2008
High 124.00
High Date 09/20/2018
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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