The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.
A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Falling Wedge Pattern,Falling Wedge,Falling Wedge Chart Pattern,Charting technique, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading

eBay Inc. (EBAY)

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Summary:
Weekly :Lane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overboughtLane's Stochastic bearish divergence
Daily :Relative Strength Index and Williams' Percentage Range are overboughtLane's Stochastic is strongly overboughtDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
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It was a third consecutive positive week for the eBay Inc. (EBAY). During the week, the EBAY gained 3.47 points, or 6.82%, and closed at 54.36 on Thursday, July 2, 2020. It was the best weekly gain since April 17, 2020. Weekly volume was -19% below average.

Long-term trend: [See EBAY long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 26.02 and reached 54.88 on July 2, 2020. EBAY gained -28.86 points, or -110.91%, in 14 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 52.54 and resistance is at 58.14. 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 long-term trend.

Medium-term trend: [See EBAY medium-term trend chart]
A medium-term uptrend had started on June 15, 2020 at 46.64 and reached 54.88 on July 2, 2020. EBAY gained -8.24 points, or -17.67%, in 2 weeks. The price is now at the 6.31% retracement level.

Weekly Technical Indicators: [See EBAY weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Relative Strength Index and Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 17, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See EBAY short-term trend chart]
A short-term uptrend had started on June 25, 2020 at 48.41 and reached 54.88 on July 2, 2020. EBAY gained -6.47 points, or -13.37%, in 7 days. The price is now at the 8.04% retracement level.

Daily Technical Indicators: [See EBAY daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic.

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

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.98
Overbought
Williams' Percentage Range (W%R) 15.70
Overbought
Lane's Stochastic (%D-Slow) 93.62
Strong Overbought
Greed/Fear Indicator (GFI) 88.31
Overbought
Moving Average Converg./Diverg. (MACD) 1.94
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 92.69
Strong Overbought
Williams' Percentage Range (W%R) 4.50
Strong Overbought
Lane's Stochastic (%D-Slow) 87.50
Overbought Bearish
Greed/Fear Indicator (GFI) 88.11
Overbought
Moving Average Converg./Diverg. (MACD) 1.86
Trading Signals
Description Value Chart
Yearly Trendline Resistance 58.14
Daily Stochastic Crossing 54.53
Price 54.36
Upper Bollinger Band 53.04
Weekly Stochastic Crossing 52.81
Yearly Trendline Support 52.54
Parabolic System 50.21
20 Day Moving Average 49.62
Lower Bollinger Band 45.82
50 Day Moving Average 45.18
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Internet & Direct Marketing Retail 111
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.41
Low Date 06/25/2020
High 54.88
High Date 07/02/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.41
Low Date 06/25/2020
High 54.88
High Date 07/02/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.41
Low Date 06/25/2020
High 54.88
High Date 07/02/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.64
Low Date 06/15/2020
High 54.88
High Date 07/02/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 58.14
Support 52.54
Low 26.02
Low Date 03/23/2020
High 54.88
High Date 07/02/2020
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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