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 :Williams' Percentage Range is overboughtTrend resistance at 11.87
Daily :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Move cursor over the icon to see details.

It was a second consecutive positive week for the Gannett Co. (GCI). During the week, the GCI gained 1.87 points, or 19.28%, and closed at 11.57 on Friday, May 11, 2018. Weekly volume was 76% above average.

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 15.94% retracement level.

Medium-term trend: [See GCI medium-term trend chart]
A medium-term downtrend had started on December 5, 2017 at 12.38 and reached 9.04 on April 4, 2018. GCI lost 3.34 points, or 26.98%, in 17 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (11.87). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See GCI weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 9, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See GCI short-term trend chart]
A short-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 36 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (9.80) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.

Daily Technical Indicators: [See GCI daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since April 13, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.70
Overbought
Williams' Percentage Range (W%R) 4.60
Strong Overbought
Lane's Stochastic (%D-Slow) 94.45
Strong Overbought
Greed/Fear Indicator (GFI) 91.19
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.18
Williams' Percentage Range (W%R) 19.70
Overbought
Lane's Stochastic (%D-Slow) 41.44
Greed/Fear Indicator (GFI) 57.70
Moving Average Converg./Diverg. (MACD) 0.05
Trading Signals
Description Value Chart
Monthly Trendline Resistance 11.87
Upper Bollinger Band 11.72
Daily Stochastic Crossing 11.57
Price 11.57
Parabolic System 10.48
Weekly Stochastic Crossing 10.34
Weekly Trendline Resistance 10.19
20 Day Moving Average 10.07
50 Day Moving Average 9.91
Weekly Trendline Support 9.80
Lower Bollinger Band 8.86
Sector and Industry
Description Name Rank
Sector Services 6
Industry Publishing - Newspapers 123
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 9.51
Low Date 04/25/2018
High 11.71
High Date 05/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 10.19
Support 9.80
Low 9.04
Low Date 04/04/2018
High 11.71
High Date 05/10/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 11.87
Support 8.38
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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