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Monthly Pattern:Rising Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Expeditors Int'l.
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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a third consecutive positive week for the Expeditors Int'l. (EXPD). During the week, the EXPD gained 0.90 points, or 1.19%, and closed at 76.52 on Friday, June 08, 2018. Weekly volume was 19% above average.

EXPD is a member of Services Sector. Services is the second most overbought 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 EXPD long-term trend chart]
A long-term uptrend had started on October 10, 2012 at 34.20 and reached 76.90 on June 7, 2018. EXPD gained -42.70 points, or -124.85%, in 295 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (47.58) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 EXPD medium-term trend chart]
A medium-term uptrend had started on January 15, 2016 at 40.41 and reached 76.90 on June 7, 2018. EXPD gained -36.49 points, or -90.30%, in 124 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (65.24) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 EXPD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly 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.

The weekly MACD line is above its signal line since May 4, 2018. 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 EXPD short-term trend chart]
A short-term uptrend had started on May 29, 2018 at 72.80 and reached 76.90 on June 7, 2018. EXPD gained -4.10 points, or -5.63%, in 9 days. The price is now at the 9.27% retracement level.

Daily Technical Indicators: [See EXPD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD 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 Relative Strength Index 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 touches the upper Bollinger Band. 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) 72.91
Bearish
Williams' Percentage Range (W%R) 18.10
Overbought
Lane's Stochastic (%D-Slow) 84.88
Overbought Bearish
Greed/Fear Indicator (GFI) 79.88
Moving Average Converg./Diverg. (MACD) 2.38 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.79
Williams' Percentage Range (W%R) 5.80
Strong Overbought
Lane's Stochastic (%D-Slow) 92.47
Strong Overbought
Greed/Fear Indicator (GFI) 83.82
Overbought
Moving Average Converg./Diverg. (MACD) 1.87
Trading Signals
Description Value Chart
Parabolic System 76.91
Upper Bollinger Band 76.60
Price 76.52
Daily Stochastic Crossing 76.50
Weekly Stochastic Crossing 76.16
20 Day Moving Average 73.98
Lower Bollinger Band 70.20
50 Day Moving Average 68.21
Quarterly Trendline Resistance 67.96
Quarterly Trendline Support 65.24
Sector and Industry
Description Name Rank
Sector Services 8
Industry Air Delivery/Freight Svcs 107
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 72.80
Low Date 05/29/2018
High 76.90
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.69
Low Date 05/03/2018
High 76.90
High Date 06/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 60.80
Low Date 03/23/2018
High 76.90
High Date 06/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 67.96
Support 65.24
Low 40.41
Low Date 01/15/2016
High 76.90
High Date 06/07/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 56.93
Support 47.58
Low 34.20
Low Date 10/10/2012
High 76.90
High Date 06/07/2018
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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