The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 1
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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
Fluor Corp. (New)
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Summary:
Weekly :Overbought sectorLane's Stochastic is oversoldBroken trend resistance linePrice is near the Fibonacci 23.6% retracement level
Daily :Lane's Stochastic is overbought
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the Fluor Corp. (New) (FLR). During the week, the FLR gained 0.63 points, or 1.37%, and closed at 46.60 on Friday, November 09, 2018. Weekly volume was 38% above average.

FLR 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 FLR long-term trend chart]
A long-term downtrend had started on January 22, 2014 at 83.93 and reached 37.04 on August 21, 2017. FLR lost 46.89 points, or 55.87%, in 186 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (35.16) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FLR may retest the broken resistance line. It is considered to be a support line now. 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 FLR medium-term trend chart]
A medium-term downtrend had started on October 2, 2018 at 60.60 and reached 42.22 on October 26, 2018. FLR lost 18.38 points, or 30.33%, 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 FLR weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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.

The weekly MACD line is below its signal line since October 12, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See FLR short-term trend chart]
A short-term uptrend had started on October 26, 2018 at 42.22 and reached 49.45 on November 7, 2018. FLR gained -7.23 points, or -17.12%, in 12 days. The chart has formed a Rectangle chart pattern.

Daily Technical Indicators: [See FLR daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.21
Williams' Percentage Range (W%R) 24.90
Lane's Stochastic (%D-Slow) 82.83
Overbought
Greed/Fear Indicator (GFI) 69.71
Moving Average Converg./Diverg. (MACD) -2.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.54
Williams' Percentage Range (W%R) 70.50
Lane's Stochastic (%D-Slow) 19.04
Oversold
Greed/Fear Indicator (GFI) 29.71
Moving Average Converg./Diverg. (MACD) 0.19
Trading Signals
Description Value Chart
50 Day Moving Average 52.72
Upper Bollinger Band 51.19
Daily Stochastic Crossing 48.34
Price 46.60
20 Day Moving Average 45.80
Parabolic System 45.37
Weekly Stochastic Crossing 44.90
Lower Bollinger Band 44.21
Yearly Trendline Resistance 43.89
Sector and Industry
Description Name Rank
Sector Services 8
Industry Technical Services 29
Daily Trend
Description Value
Direction Up
Chart Pattern Rectangle
Low 42.22
Low Date 10/26/2018
High 49.45
High Date 11/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.60
High Date 10/02/2018
Low 42.22
Low Date 10/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 62.09
High Date 01/24/2018
Low 42.22
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.04
Low Date 08/21/2017
High 62.09
High Date 01/24/2018
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 43.89
Support 35.16
High 83.93
High Date 01/22/2014
Low 37.04
Low Date 08/21/2017
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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