The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 9
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Emerson Electric
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Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a second consecutive positive week for the Emerson Electric (EMR). During the week, the EMR gained 3.58 points, or 5.23%, and closed at 72.00 on Friday, May 11, 2018. It was the best weekly gain since February 16, 2018. EMR was trading at average weekly trading volume.

Long-term trend: [See EMR long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 41.25 and reached 74.45 on January 12, 2018. EMR gained -33.20 points, or -80.48%, in 103 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 66.77 and resistance is at 79.58. 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 EMR medium-term trend chart]
A medium-term downtrend had started on January 12, 2018 at 74.45 and reached 65.14 on April 2, 2018. EMR lost 9.31 points, or 12.51%, in 11 weeks. The price is now at the 73.68% retracement level.

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

The weekly MACD line is below its signal line since March 2, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See EMR short-term trend chart]
A short-term uptrend had started on May 1, 2018 at 65.86 and reached 72.58 on May 11, 2018. EMR gained -6.72 points, or -10.20%, in 10 days. The price is now at the 8.63% retracement level.

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

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.

During the last week, the 20 Day Moving Average 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) 57.68
Williams' Percentage Range (W%R) 9.10
Strong Overbought
Lane's Stochastic (%D-Slow) 94.29
Strong Overbought
Greed/Fear Indicator (GFI) 80.96
Overbought
Moving Average Converg./Diverg. (MACD) 0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.35
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 44.82
Greed/Fear Indicator (GFI) 56.26
Moving Average Converg./Diverg. (MACD) 1.56
Trading Signals
Description Value Chart
Yearly Trendline Resistance 79.58
Upper Bollinger Band 72.57
Daily Stochastic Crossing 72.37
Price 72.00
20 Day Moving Average 69.29
50 Day Moving Average 69.21
Weekly Stochastic Crossing 68.84
Parabolic System 66.96
Yearly Trendline Support 66.77
Lower Bollinger Band 66.30
Sector and Industry
Description Name Rank
Sector Industrial Goods 3
Industry Industrial Electrical Eqp 101
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 66.53
Low Date 05/03/2018
High 72.58
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.86
Low Date 05/01/2018
High 72.58
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.14
Low Date 04/02/2018
High 72.58
High Date 05/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 74.45
High Date 01/12/2018
Low 65.14
Low Date 04/02/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 79.58
Support 66.77
Low 41.25
Low Date 01/20/2016
High 74.45
High Date 01/12/2018
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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