The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Channel
Number of records: 10
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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 sectorBroken trend resistance lineWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Move cursor over the icon to see details.

It was a third consecutive positive week for the Fluor Corp. (New) (FLR). During the week, the FLR climbed 0.01 points, or 0.02%, and closed at 55.66 on Friday, August 10, 2018. Weekly volume was -12% below 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 24, 2018 at 62.09 and reached 43.86 on May 7, 2018. FLR lost 18.23 points, or 29.36%, in 14 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 33.23 and resistance is at 62.07. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See FLR medium-term trend chart]
A medium-term uptrend had started on May 7, 2018 at 43.86 and reached 57.05 on August 6, 2018. FLR gained -13.19 points, or -30.07%, in 13 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (49.79) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 FLR weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 23, 2018 at 48.50 and reached 57.05 on August 6, 2018. FLR gained -8.55 points, or -17.63%, in 14 days. The price is now at the 16.26% retracement level.

Daily Technical Indicators: [See FLR daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 daily MACD line is above its signal line since May 18, 2018. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.44
Overbought
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 87.38
Overbought
Greed/Fear Indicator (GFI) 86.62
Overbought
Moving Average Converg./Diverg. (MACD) 1.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 76.76
Williams' Percentage Range (W%R) 35.60
Lane's Stochastic (%D-Slow) 73.99
Greed/Fear Indicator (GFI) 66.36
Moving Average Converg./Diverg. (MACD) -0.52
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 62.07
Upper Bollinger Band 58.60
Daily Stochastic Crossing 56.12
Price 55.66
Weekly Stochastic Crossing 54.51
Parabolic System 53.28
20 Day Moving Average 51.74
50 Day Moving Average 50.19
Monthly Trendline Resistance 49.97
Monthly Trendline Support 49.79
Lower Bollinger Band 46.65
Sector and Industry
Description Name Rank
Sector Services 8
Industry Technical Services 118
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.50
Low Date 07/23/2018
High 57.05
High Date 08/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.90
Low Date 07/17/2018
High 57.05
High Date 08/06/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 49.97
Support 49.79
Low 43.86
Low Date 05/07/2018
High 57.05
High Date 08/06/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 62.07
Support 33.23
High 62.09
High Date 01/24/2018
Low 43.86
Low Date 05/07/2018
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
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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