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Quarterly Pattern:Falling Channel
Number of records: 7
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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
Archive
- 12/1/2017
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Fluor Corp. (New)
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Summary:
Weekly :Overbought industryLane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overboughtRelative Strength Index and Lane's Stochastic bearish divergenceBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the Fluor Corp. (New) (FLR). During the week, the FLR gained 1.78 points, or 3.80%, and closed at 48.67 on Friday, December 01, 2017. FLR was trading at average weekly trading volume.

FLR is a member of Technical Services Industry. Technical Services is the seventh most overbought industry. 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 February 15, 2017 at 58.37 and reached 37.04 on August 21, 2017. FLR lost 21.33 points, or 36.54%, in 26 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (29.26) 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 uptrend had started on August 21, 2017 at 37.04 and reached 48.93 on December 1, 2017. FLR gained -11.89 points, or -32.10%, in 14 weeks. Price is near the trend high.

Weekly Technical Indicators: [See FLR weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Relative Strength Index and Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since September 22, 2017. 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 FLR short-term trend chart]
A short-term uptrend had started on November 15, 2017 at 45.00 and reached 48.93 on December 1, 2017. FLR gained -3.93 points, or -8.73%, in 16 days. The price is now at the 6.62% retracement level.

Daily Technical Indicators: [See FLR 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.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 62.52
Williams' Percentage Range (W%R) 10.80
Overbought
Lane's Stochastic (%D-Slow) 83.97
Overbought
Greed/Fear Indicator (GFI) 78.58
Moving Average Converg./Diverg. (MACD) 1.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 91.60
Strong Overbought Bearish
Williams' Percentage Range (W%R) 3.90
Strong Overbought
Lane's Stochastic (%D-Slow) 85.33
Overbought Bearish
Greed/Fear Indicator (GFI) 84.50
Overbought
Moving Average Converg./Diverg. (MACD) -1.27
Trading Signals
Description Value Chart
Price 48.67
Daily Stochastic Crossing 48.64
Upper Bollinger Band 48.49
Weekly Stochastic Crossing 47.81
20 Day Moving Average 47.21
Parabolic System 45.47
Lower Bollinger Band 44.96
50 Day Moving Average 44.49
Sector and Industry
Description Name Rank
Sector Services 4
Industry Technical Services 157
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 46.50
Low Date 11/27/2017
High 48.93
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.00
Low Date 11/15/2017
High 48.93
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.04
Low Date 08/21/2017
High 48.93
High Date 12/01/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 30.29
Support 29.26
High 58.37
High Date 02/15/2017
Low 37.04
Low Date 08/21/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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