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Monthly Pattern:Rising Wedge
Number of records: 7
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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
- 5/18/2018
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DTE Energy Co.
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range is oversoldThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the DTE Energy Co. (DTE). During the week, the DTE dropped -2.53 points, or -2.47%, and closed at 99.92 on Friday, May 18, 2018. It was the worst weekly loss since March 2, 2018. Weekly volume was 39% 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 116.74 on December 4, 2017. DTE gained -93.42 points, or -400.60%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (109.23) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DTE may retest the broken support line. It is considered to be a resistance line now. 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 support in a long-term trend.

Medium-term trend: [See DTE medium-term trend chart]
A medium-term uptrend had started on February 6, 2018 at 97.66 and reached 106.24 on April 27, 2018. DTE gained -8.58 points, or -8.79%, in 11 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (104.26) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. DTE may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See DTE weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

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 DTE short-term trend chart]
A short-term downtrend had started on April 27, 2018 at 106.24 and reached 99.00 on May 17, 2018. DTE lost 7.24 points, or 6.81%, in 20 days. The price is now at the 12.71% retracement level.

Daily Technical Indicators: [See DTE daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

The daily MACD line is below its signal line since May 4, 2018. This is an indication that the short-term trend is down.

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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 25.67
Williams' Percentage Range (W%R) 91.60
Strong Oversold
Lane's Stochastic (%D-Slow) 23.18
Greed/Fear Indicator (GFI) 19.09
Oversold
Moving Average Converg./Diverg. (MACD) -0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.81
Williams' Percentage Range (W%R) 84.80
Oversold
Lane's Stochastic (%D-Slow) 56.11
Greed/Fear Indicator (GFI) 39.70
Moving Average Converg./Diverg. (MACD) -1.37
Trading Signals
Description Value Chart
Yearly Trendline Resistance 114.95
Yearly Trendline Support 109.23
Monthly Trendline Resistance 106.41
Upper Bollinger Band 106.22
Monthly Trendline Support 104.26
20 Day Moving Average 102.96
50 Day Moving Average 102.94
Weekly Stochastic Crossing 102.83
Parabolic System 101.88
Price 99.92
Daily Stochastic Crossing 99.69
Lower Bollinger Band 98.27
Sector and Industry
Description Name Rank
Sector Utilities 7
Industry Electric Utilities 80
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 102.88
High Date 05/14/2018
Low 99.00
Low Date 05/17/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.24
High Date 04/27/2018
Low 99.00
Low Date 05/17/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 106.41
Support 104.26
Low 97.66
Low Date 02/06/2018
High 106.24
High Date 04/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.74
High Date 12/04/2017
Low 97.66
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 114.95
Support 109.23
Low 23.32
Low Date 03/05/2009
High 116.74
High Date 12/04/2017
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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