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Yearly Pattern:Ascending Triangle
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Ascending Triangle Pattern
The ascending triangle pattern is a variation of symmetrical triangle formation that has a flat resistance line and a rising support line. The higher lows indicate the increasing demand and give the ascending triangle definitive bullish bias. The ascending triangle usually represents an accumulation stage in bullish market. The ascending triangle is considered as a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Volume usually increases on a breakout move. After breakout (similar to rectangle), resistance may turn into potential support and vice versa.
Ascending Triangle Screening page presents a list of stocks forming an Ascending Triangle Pattern.
Tips:
# 1As a continuation pattern, an ascending triangle usually appears within a young trend, characterized by neutral long-term indicators and overbought short-term indicators. An ascending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, an ascending triangle appears in a mature downtrend, characterized by oversold short-term and long-term indicators. This situation usually generates bullish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Ascending Triangle Pattern,Ascending Triangle,Ascending Triangle Chart Pattern,Trend Support, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Archive
- 12/8/2017
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iShares MSCI Switzerland Index
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Summary:
Weekly :Broken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversoldPrice is close to the 50 Day Moving AveragePrice is near the Fibonacci 61.8% retracement levelThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares MSCI Switzerland Index (EWL). During the week, the EWL gave back -0.27 points, or -0.77%, and closed at 34.86 on Friday, December 08, 2017. Weekly volume was -21% below average.

Long-term trend: [See EWL long-term trend chart]
A long-term downtrend had started on May 14, 2015 at 36.18 and reached 27.52 on February 11, 2016. EWL lost 8.66 points, or 23.94%, in 39 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (28.40) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See EWL medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 27.52 and reached 35.41 on October 13, 2017. EWL gained -7.89 points, or -28.67%, in 87 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (28.33) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a medium-term trend.

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

The weekly MACD line is below its signal line since July 7, 2017. 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 EWL short-term trend chart]
A short-term downtrend had started on October 13, 2017 at 35.41 and reached 34.03 on November 13, 2017. EWL lost 1.38 points, or 3.90%, in 31 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See EWL daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Lane's Stochastic help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price is close to the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 59.22
Williams' Percentage Range (W%R) 50.40
Lane's Stochastic (%D-Slow) 19.60
Oversold
Greed/Fear Indicator (GFI) 42.80
Moving Average Converg./Diverg. (MACD) 0.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.47
Williams' Percentage Range (W%R) 50.00
Lane's Stochastic (%D-Slow) 44.16
Greed/Fear Indicator (GFI) 48.26
Moving Average Converg./Diverg. (MACD) 0.48
Trading Signals
Description Value Chart
Upper Bollinger Band 35.49
Parabolic System 35.25
Price 34.86
50 Day Moving Average 34.76
Daily Stochastic Crossing 34.71
20 Day Moving Average 34.69
Weekly Stochastic Crossing 34.69
Lower Bollinger Band 34.03
Quarterly Trendline Resistance 30.12
Yearly Trendline Support 28.40
Quarterly Trendline Support 28.33
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 35.41
High Date 10/13/2017
Low 34.03
Low Date 11/13/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.87
Low Date 11/23/2016
High 35.41
High Date 10/13/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.70
Low Date 06/27/2016
High 35.41
High Date 10/13/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 30.12
Support 28.33
Low 27.52
Low Date 02/11/2016
High 35.41
High Date 10/13/2017
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 24.79
Support 28.40
High 36.18
High Date 05/14/2015
Low 27.52
Low Date 02/11/2016
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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