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Weekly Pattern:Rising Wedge
Number of records: 6
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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
Archive
- 12/8/2017
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Darden Restaurants
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Summary:
Weekly :Weekly  MACD line has moved above its signal lineTrend resistance at 87.80
Daily :Trend resistance at 86.27
Move cursor over the icon to see details.

It was a second consecutive positive week for the Darden Restaurants (DRI). During the week, the DRI gained 1.37 points, or 1.61%, and closed at 86.41 on Friday, December 08, 2017. Weekly volume was 14% above average.

Long-term trend: [See DRI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 13.21 and reached 95.22 on June 27, 2017. DRI gained -82.01 points, or -620.82%, in 448 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (87.80). 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 DRI medium-term trend chart]
A medium-term uptrend had started on November 10, 2015 at 53.38 and reached 95.22 on June 27, 2017. DRI gained -41.84 points, or -78.38%, in 85 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 71.30 and resistance is at 106.78. 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 September 8, 2017 at 76.27 and reached 88.57 on December 4, 2017. DRI gained -12.30 points, or -16.13%, in 87 days. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (86.27). 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 short-term trend.

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

The daily MACD line is above its signal line since November 28, 2017. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.52
Williams' Percentage Range (W%R) 34.40
Lane's Stochastic (%D-Slow) 69.90
Greed/Fear Indicator (GFI) 66.67
Moving Average Converg./Diverg. (MACD) 0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.14
Williams' Percentage Range (W%R) 35.10
Lane's Stochastic (%D-Slow) 63.38
Greed/Fear Indicator (GFI) 60.75
Moving Average Converg./Diverg. (MACD) 0.07
Trading Signals
Description Value Chart
Upper Bollinger Band 87.88
Yearly Trendline Resistance 87.80
Daily Stochastic Crossing 86.86
Price 86.41
Weekly Trendline Resistance 86.27
Monthly Trendline Resistance 85.27
Weekly Stochastic Crossing 85.01
Parabolic System 83.55
20 Day Moving Average 83.25
50 Day Moving Average 82.02
Monthly Trendline Support 79.83
Weekly Trendline Support 79.83
Lower Bollinger Band 79.61
Quarterly Trendline Support 71.30
Sector and Industry
Description Name Rank
Sector Services 7
Industry Restaurants 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.18
Low Date 11/22/2017
High 88.57
High Date 12/04/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Resistance
Resistance 86.27
Support 79.83
Low 76.27
Low Date 09/08/2017
High 88.57
High Date 12/04/2017
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 85.27
Support 79.83
High 95.22
High Date 06/27/2017
Low 76.27
Low Date 09/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 106.78
Support 71.30
Low 53.38
Low Date 11/10/2015
High 95.22
High Date 06/27/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 87.80
Support 66.85
Low 13.21
Low Date 11/21/2008
High 95.22
High Date 06/27/2017
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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