The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 2
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 :Broken trend support lineOversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :A Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was the negative week for the Emerson Electric (EMR). During the week, the EMR dropped -1.13 points, or -1.62%, and closed at 68.49 on Friday, November 09, 2018. Weekly volume was 58% above average.

EMR is a member of Industrial Goods Sector. Industrial Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See EMR long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 41.25 and reached 79.70 on October 4, 2018. EMR gained -38.45 points, or -93.21%, in 141 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (71.48) is broken. A broken support is considered to be a long-term bearish signal. 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 EMR medium-term trend chart]
A medium-term downtrend had started on October 4, 2018 at 79.70 and reached 65.45 on October 29, 2018. EMR lost 14.25 points, or 17.88%, in 3 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance 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 October 12, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 October 29, 2018 at 65.45 and reached 71.18 on November 7, 2018. EMR gained -5.73 points, or -8.75%, in 9 days. The price is now at the 46.95% retracement level.

Daily Technical Indicators: [See EMR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since November 1, 2018. This is an indication that the short-term trend is up.

A Parabolic SAR (stop and reversal) indicator (68.35) comes close to the price (68.49). It indicates that the trend is getting weaker. 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) 38.96
Williams' Percentage Range (W%R) 61.70
Lane's Stochastic (%D-Slow) 75.76
Greed/Fear Indicator (GFI) 50.99
Moving Average Converg./Diverg. (MACD) -1.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.72
Williams' Percentage Range (W%R) 76.20
Lane's Stochastic (%D-Slow) 21.56
Greed/Fear Indicator (GFI) 29.83
Moving Average Converg./Diverg. (MACD) 1.24
Trading Signals
Description Value Chart
Upper Bollinger Band 75.00
50 Day Moving Average 73.94
Yearly Trendline Support 71.48
Daily Stochastic Crossing 70.08
20 Day Moving Average 69.72
Price 68.49
Parabolic System 68.35
Weekly Stochastic Crossing 68.18
Lower Bollinger Band 65.69
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry Industrial Electrical Eqp 57
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 71.18
High Date 11/07/2018
Low 67.89
Low Date 11/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.45
Low Date 10/29/2018
High 71.18
High Date 11/07/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 79.70
High Date 10/04/2018
Low 65.45
Low Date 10/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.14
Low Date 04/02/2018
High 79.70
High Date 10/04/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 83.80
Support 71.48
Low 41.25
Low Date 01/20/2016
High 79.70
High Date 10/04/2018
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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