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Monthly Pattern:Rising Wedge
Number of records: 10
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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
- 12/1/2017
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DTE Energy Co.
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergenceStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week for the DTE Energy Co. (DTE). During the week, the DTE gained 2.56 points, or 2.27%, and closed at 115.21 on Friday, December 01, 2017. It was the best weekly gain since August 18, 2017. Weekly volume was 16% above average.

Long-term trend: [See DTE long-term trend chart]
A long-term uptrend had started on March 5, 2009 at 23.32 and reached 116.40 on December 1, 2017. DTE gained -93.08 points, or -399.14%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (104.98) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 DTE medium-term trend chart]
A medium-term uptrend had started on June 16, 2015 at 73.23 and reached 116.40 on December 1, 2017. DTE gained -43.17 points, or -58.95%, in 128 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 106.24 and resistance is at 120.47. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See DTE weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish 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 weekly Lane's Stochastic and MACD bearish 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 weekly MACD line is above its signal line since November 10, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See DTE short-term trend chart]
A short-term uptrend had started on September 28, 2017 at 106.21 and reached 116.40 on December 1, 2017. DTE gained -10.19 points, or -9.59%, in 64 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 113.41 and resistance is at 117.74. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. 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. Daily Lane's Stochastic and MACD have bearish 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 bearish divergence.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 63.50
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 66.93
Bearish
Greed/Fear Indicator (GFI) 74.61
Moving Average Converg./Diverg. (MACD) 0.81 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.29
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 75.19
Bearish
Greed/Fear Indicator (GFI) 75.24
Moving Average Converg./Diverg. (MACD) 2.02 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 120.47
Weekly Trendline Resistance 117.74
Monthly Trendline Resistance 116.11
Upper Bollinger Band 115.82
Daily Stochastic Crossing 115.30
Price 115.21
Weekly Stochastic Crossing 114.46
20 Day Moving Average 113.44
Weekly Trendline Support 113.41
Parabolic System 112.59
50 Day Moving Average 111.14
Lower Bollinger Band 110.81
Monthly Trendline Support 110.72
Yearly Trendline Resistance 110.69
Quarterly Trendline Support 106.24
Yearly Trendline Support 104.98
Sector and Industry
Description Name Rank
Sector Utilities 7
Industry Electric Utilities 93
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 112.00
Low Date 11/20/2017
High 116.40
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 117.74
Support 113.41
Low 106.21
Low Date 09/28/2017
High 116.40
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 116.11
Support 110.72
Low 89.66
Low Date 11/10/2016
High 116.40
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 120.47
Support 106.24
Low 73.23
Low Date 06/16/2015
High 116.40
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 110.69
Support 104.98
Low 23.32
Low Date 03/05/2009
High 116.40
High Date 12/01/2017
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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