The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 8
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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 :Williams' Percentage Range is overbought
Daily :Williams' Percentage Range is overboughtLane's Stochastic bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a third consecutive positive week for the Emerson Electric (EMR). During the week, the EMR gained 2.38 points, or 3.33%, and closed at 73.86 on Friday, August 10, 2018. It was the best weekly gain since May 11, 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 75.25 on August 8, 2018. EMR gained -34.00 points, or -82.42%, in 133 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 68.77 and resistance is at 81.10. 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 uptrend had started on April 2, 2018 at 65.14 and reached 75.25 on August 8, 2018. EMR gained -10.11 points, or -15.52%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 68.88 and resistance is at 81.45. 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 EMR weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.

The weekly MACD line is below its signal line since June 15, 2018. The distance between MACD and the signal line is low and getting smaller. 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 July 23, 2018 at 67.81 and reached 75.25 on August 8, 2018. EMR gained -7.44 points, or -10.97%, in 16 days. The price is now at the 18.68% retracement level.

Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily 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 daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 24, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

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) 77.01
Williams' Percentage Range (W%R) 18.90
Overbought
Lane's Stochastic (%D-Slow) 78.91
Bearish
Greed/Fear Indicator (GFI) 78.99
Moving Average Converg./Diverg. (MACD) 0.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.88
Williams' Percentage Range (W%R) 13.90
Overbought
Lane's Stochastic (%D-Slow) 48.99
Greed/Fear Indicator (GFI) 62.50
Moving Average Converg./Diverg. (MACD) 0.94
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 81.45
Yearly Trendline Resistance 81.10
Upper Bollinger Band 75.44
Daily Stochastic Crossing 74.21
Price 73.86
Parabolic System 71.75
Weekly Stochastic Crossing 71.53
20 Day Moving Average 71.11
50 Day Moving Average 70.94
Quarterly Trendline Support 68.88
Yearly Trendline Support 68.77
Lower Bollinger Band 68.02
Sector and Industry
Description Name Rank
Sector Industrial Goods 3
Industry Industrial Electrical Eqp 105
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.21
Low Date 08/02/2018
High 75.25
High Date 08/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.81
Low Date 07/23/2018
High 75.25
High Date 08/08/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 67.67
Low Date 06/28/2018
High 75.25
High Date 08/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 81.45
Support 68.88
Low 65.14
Low Date 04/02/2018
High 75.25
High Date 08/08/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 81.10
Support 68.77
Low 41.25
Low Date 01/20/2016
High 75.25
High Date 08/08/2018
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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