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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
Archive
- 12/1/2017
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FedEx Corporation
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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved above its signal linePrice has crossed above the 50 Day Moving AverageThe price touches the upper Bollinger Band
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the FedEx Corporation (FDX). During the week, the FDX gained 13.84 points, or 6.38%, and closed at 230.84 on Friday, December 01, 2017. Weekly volume was 27% above average.

Long-term trend: [See FDX long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 34.02 and reached 233.89 on November 30, 2017. FDX gained -199.87 points, or -587.51%, in 455 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 142.69 and resistance is at 239.93. 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 long-term trend.

Medium-term trend: [See FDX medium-term trend chart]
A medium-term uptrend had started on January 20, 2016 at 119.71 and reached 233.89 on November 30, 2017. FDX gained -114.18 points, or -95.38%, in 97 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 206.61 and resistance is at 245.19. 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 medium-term trend.

Weekly Technical Indicators: [See FDX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 November 10, 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 FDX short-term trend chart]
A short-term uptrend had started on November 15, 2017 at 214.17 and reached 233.89 on November 30, 2017. FDX gained -19.72 points, or -9.21%, in 15 days. The price is now at the 15.47% retracement level.

Daily Technical Indicators: [See FDX 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.

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

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.

During the last week, the price 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) 69.01
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 79.01
Greed/Fear Indicator (GFI) 79.01
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.32
Williams' Percentage Range (W%R) 7.00
Strong Overbought
Lane's Stochastic (%D-Slow) 48.22
Greed/Fear Indicator (GFI) 66.58
Moving Average Converg./Diverg. (MACD) 6.40
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 245.19
Yearly Trendline Resistance 239.93
Monthly Trendline Resistance 234.25
Daily Stochastic Crossing 231.29
Upper Bollinger Band 230.87
Price 230.84
50 Day Moving Average 222.25
Weekly Stochastic Crossing 222.08
20 Day Moving Average 220.31
Parabolic System 220.09
Monthly Trendline Support 217.40
Lower Bollinger Band 212.96
Quarterly Trendline Support 206.61
Sector and Industry
Description Name Rank
Sector Services 4
Industry Air Delivery/Freight Svcs 115
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 216.36
Low Date 11/27/2017
High 233.89
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 214.17
Low Date 11/15/2017
High 233.89
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 234.25
Support 217.40
Low 145.00
Low Date 06/27/2016
High 233.89
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 245.19
Support 206.61
Low 119.71
Low Date 01/20/2016
High 233.89
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 239.93
Support 142.69
Low 34.02
Low Date 03/09/2009
High 233.89
High Date 11/30/2017
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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