The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Pennant
Number of records: 4
Symbol:  

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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 sectorBroken trend resistance line
Daily :The price has risen above the Parabolic SAR
Move cursor over the icon to see details.

During the week, the GCI has not change and closed at 11.15 on Friday, February 09, 2018. GCI was trading at average weekly trading volume.

GCI is a member of Services Sector. Services is the 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 downtrend had started on June 23, 2015 at 38.48 and reached 7.30 on November 3, 2016. GCI lost 31.18 points, or 81.03%, in 71 weeks. The price is now at the 12.35% retracement level.

Medium-term trend: [See GCI medium-term trend chart]
A medium-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 chart has formed a Falling Pennant chart pattern. The uptrend resistance line (8.07) 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 GCI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 2, 2016. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 23, 2018 at 12.23 and reached 10.30 on February 6, 2018. GCI lost 1.93 points, or 15.78%, in 14 days. The price is now at the 44.04% retracement level.

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

The daily MACD line is below its signal line since January 26, 2018. This is an indication that the short-term trend is down.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.50
Williams' Percentage Range (W%R) 64.20
Lane's Stochastic (%D-Slow) 30.87
Greed/Fear Indicator (GFI) 32.37
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.14
Williams' Percentage Range (W%R) 31.30
Lane's Stochastic (%D-Slow) 62.93
Greed/Fear Indicator (GFI) 61.46
Moving Average Converg./Diverg. (MACD) 0.68
Trading Signals
Description Value Chart
Upper Bollinger Band 12.43
20 Day Moving Average 11.64
50 Day Moving Average 11.58
Weekly Stochastic Crossing 11.46
Price 11.15
Parabolic System 11.13
Daily Stochastic Crossing 10.95
Lower Bollinger Band 10.43
Sector and Industry
Description Name Rank
Sector Services 9
Industry Publishing - Newspapers 124
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 10.30
Low Date 02/06/2018
High 11.25
High Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 12.23
High Date 01/23/2018
Low 10.30
Low Date 02/06/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.94
Low Date 09/21/2017
High 12.38
High Date 12/05/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 8.50
Support 8.07
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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