The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Pennant
Number of records: 5
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Chart Analysis and Chart Pattern Recognition – Bear Flag, Bull Flag, Bearish Pennant and Bullish Pennant.

Bear flag, bull flag, bearish pennant and bullish pennant chart patterns represent brief pauses after sharp moves in a dynamic market. They are considered as most reliable continuation patterns. Flags are characterized as short-term channels slanting against the main trend. Pennants represent short-term triangle formations. Volume is heavy during the sharp move preceding the formation.
Trading technique:
# 1 Flags and pennants present an additional opportunity to enter the dynamic market.
Tips:
# 1
Usually flags and pennants represent short-term pauses technically required to reset overbought/oversold technical indicators and allow further movement. They likely to appear at earlier stages of the larger patterns, when short-term technical indicators are grossly overbought/oversold, but long-term indicators are in the middle range. In a situation when both long and short-term indicators are overbought (oversold), flags and pennants have more chances to become the beginning of a larger formation. Flags and pennants are considered invalid as soon as they break the parent's formation trend line.
# 2 As a continuation pattern, rectangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. Rectangle resets daily CTI to neutral and then continues the movement in parent's direction.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: projected support/resistance level of larger trend.

Gannett Co.
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Summary:
Weekly :Overbought sector
Daily :The price has risen above the Parabolic SARThe period of low volatility of the stock price
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It was a first positive week for the Gannett Co. (GCI). During the week, the GCI climbed 0.02 points, or 0.20%, and closed at 10.17 on Friday, August 10, 2018. Weekly volume was 7% above average.

GCI 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 GCI long-term trend chart]
A long-term uptrend had started on November 3, 2016 at 7.30 and reached 12.38 on December 5, 2017. GCI gained -5.08 points, or -69.59%, in 56 weeks. The price is now at the 43.50% retracement level.

Medium-term trend: [See GCI medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 9.04 and reached 11.71 on May 10, 2018. GCI gained -2.67 points, or -29.54%, in 5 weeks. The price is now at the 57.68% retracement level.

Weekly Technical Indicators: [See GCI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since July 6, 2018. 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 GCI short-term trend chart]
A short-term downtrend had started on May 10, 2018 at 11.71 and reached 9.75 on July 6, 2018. GCI lost 1.96 points, or 16.74%, in 57 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See GCI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since August 8, 2018. The distance between MACD and the signal line is low, but getting bigger.

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 distance between the Bollinger Bands is falling, and it was 6.29% on Friday. It is 56.38% lower than one year average. It indicates the period of low volatility of the stock price. 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) 49.27
Williams' Percentage Range (W%R) 64.70
Lane's Stochastic (%D-Slow) 25.23
Greed/Fear Indicator (GFI) 36.61
Moving Average Converg./Diverg. (MACD) -0.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.95
Williams' Percentage Range (W%R) 50.90
Lane's Stochastic (%D-Slow) 32.48
Greed/Fear Indicator (GFI) 40.63
Moving Average Converg./Diverg. (MACD) 0.05
Trading Signals
Description Value Chart
Upper Bollinger Band 10.60
50 Day Moving Average 10.39
Daily Stochastic Crossing 10.29
20 Day Moving Average 10.25
Weekly Stochastic Crossing 10.22
Price 10.17
Parabolic System 10.00
Lower Bollinger Band 9.98
Sector and Industry
Description Name Rank
Sector Services 8
Industry Publishing - Newspapers 34
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 11.71
High Date 05/10/2018
Low 9.75
Low Date 07/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 9.04
Low Date 04/04/2018
High 11.71
High Date 05/10/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 12.38
High Date 12/05/2017
Low 9.04
Low Date 04/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.30
Low Date 11/03/2016
High 12.38
High Date 12/05/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 38.48
High Date 06/23/2015
Low 7.30
Low Date 11/03/2016
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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