The Greedy Trader Weekly Analysis
Sign In Jun 15, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Yearly Pattern:Falling Channel
Number of records: 4
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
CurrencyShares British Pound Sterling Tr
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineBroken trend resistance lineWilliams' Percentage Range oversoldLane's Stochastic is strongly oversold
Daily :Stochastic signal line moved above oversold areaThe price has risen above the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a second consecutive positive week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB climbed 0.60 points, or 0.46%, and closed at 130.14 on Friday, June 08, 2018. It was the best weekly gain since April 13, 2018. Weekly volume was -22% below average.

Long-term trend: [See FXB long-term trend chart]
A long-term uptrend had started on January 11, 2017 at 117.48 and reached 139.24 on April 16, 2018. FXB gained -21.76 points, or -18.52%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (135.25) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term downtrend had started on April 16, 2018 at 139.24 and reached 128.50 on May 29, 2018. FXB lost 10.74 points, or 7.71%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (126.98) 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 medium-term trend.

Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 20, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See FXB short-term trend chart]
A short-term uptrend had started on May 29, 2018 at 128.50 and reached 130.54 on June 7, 2018. FXB gained -2.04 points, or -1.59%, in 9 days. The price is now at the 19.61% retracement level.

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

The daily MACD line is above its signal line since May 31, 2018. This is an indication that the short-term trend is up.

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 is close to the moving average in the center of the Bollinger Bands. 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) 42.94
Williams' Percentage Range (W%R) 62.90
Lane's Stochastic (%D-Slow) 76.01
Greed/Fear Indicator (GFI) 52.00
Moving Average Converg./Diverg. (MACD) -1.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.32
Williams' Percentage Range (W%R) 87.60
Oversold
Lane's Stochastic (%D-Slow) 6.69
Strong Oversold
Greed/Fear Indicator (GFI) 19.59
Oversold
Moving Average Converg./Diverg. (MACD) 1.03
Trading Signals
Description Value Chart
Yearly Trendline Resistance 140.66
Yearly Trendline Support 135.25
50 Day Moving Average 133.23
Upper Bollinger Band 132.19
Daily Stochastic Crossing 130.31
Price 130.14
20 Day Moving Average 130.14
Weekly Stochastic Crossing 129.25
Lower Bollinger Band 128.77
Parabolic System 128.70
Quarterly Trendline Support 126.98
Quarterly Trendline Resistance 125.65
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 128.50
Low Date 05/29/2018
High 130.54
High Date 06/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 128.50
Low Date 05/29/2018
High 130.54
High Date 06/07/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 128.50
Low Date 05/29/2018
High 130.54
High Date 06/07/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 125.65
Support 126.98
High 139.24
High Date 04/16/2018
Low 128.50
Low Date 05/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 140.66
Support 135.25
Low 117.48
Low Date 01/11/2017
High 139.24
High Date 04/16/2018
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.

Copyright© 2004-2016 All rights reserved.