The Greedy Trader Weekly Analysis
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Weekly Pattern:Descending Triangle
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Descending Triangle Pattern
The descending triangle is a variation of a symmetrical triangle formation that has a flat support line and a falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. The descending triangle usually represents a distribution stage in bearish market. The descending triangle is considered as a continuation pattern, especially in a downtrend, but it may also mark a reversal in an uptrend. Volume usually increases on trend support resistance breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Descending Triangle Screening page presents a list of stocks forming Descending Triangle Pattern.
Tips:
# 1 As a continuation pattern, descending triangle usually appears within a young trend, characterized by neutral long-term indicators and oversold short-term indicators. Descending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, descending triangle appears in a mature uptrend, characterized by overbought long-term and short-term indicators. This situation usually generates bearish 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 level. line.
Descending Triangle Pattern,Descending Triangle,Descending Triangle Chart Pattern,Trend support resistance, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Ford Motor
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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceOversold sectorBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Ford Motor (F). During the week, the F climbed 0.03 points, or 0.24%, and closed at 12.61 on Friday, December 08, 2017. Weekly volume was -11% below average.

F is a member of Consumer Goods Sector. Consumer 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 F long-term trend chart]
A long-term downtrend had started on July 24, 2014 at 18.12 and reached 10.44 on August 24, 2015. F lost 7.68 points, or 42.38%, in 56 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (2.85) 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 F medium-term trend chart]
A medium-term uptrend had started on August 18, 2017 at 10.47 and reached 12.81 on December 4, 2017. F gained -2.34 points, or -22.35%, in 15 weeks. The price is now at the 8.55% retracement level.

Weekly Technical Indicators: [See F 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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. 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 September 1, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See F short-term trend chart]
A short-term uptrend had started on November 15, 2017 at 11.87 and reached 12.81 on December 4, 2017. F gained -0.94 points, or -7.92%, in 19 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See F daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since November 27, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.08
Williams' Percentage Range (W%R) 29.80
Lane's Stochastic (%D-Slow) 61.67
Greed/Fear Indicator (GFI) 68.32
Moving Average Converg./Diverg. (MACD) 0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.61
Williams' Percentage Range (W%R) 12.00
Overbought
Lane's Stochastic (%D-Slow) 66.03
Bearish
Greed/Fear Indicator (GFI) 71.45
Moving Average Converg./Diverg. (MACD) 0.13 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 12.80
Parabolic System 12.80
Price 12.61
Daily Stochastic Crossing 12.57
Weekly Stochastic Crossing 12.47
20 Day Moving Average 12.26
50 Day Moving Average 12.23
Lower Bollinger Band 11.87
Quarterly Trendline Resistance 11.04
Sector and Industry
Description Name Rank
Sector Consumer Goods 2
Industry Auto Manufacturers/Major 86
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 11.87
Low Date 11/15/2017
High 12.81
High Date 12/04/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.47
Low Date 08/18/2017
High 12.81
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.44
Low Date 08/24/2015
High 15.84
High Date 10/26/2015
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 11.04
Support 2.85
High 18.12
High Date 07/24/2014
Low 10.44
Low Date 08/24/2015
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.97
High Date 01/13/2011
Low 8.82
Low Date 08/02/2012
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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