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Quarterly Pattern:Falling Channel
Number of records: 7
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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
Archive
- 12/1/2017
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Genuine Parts
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Summary:
Weekly :Trend resistance at 93.96
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving AverageThe price has risen above the Parabolic SARBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a third consecutive positive week for the Genuine Parts (GPC). During the week, the GPC gained 6.02 points, or 6.93%, and closed at 92.86 on Friday, December 01, 2017. It was the best weekly gain since September 29, 2017. Weekly volume was 24% above average.

Long-term trend: [See GPC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 24.93 and reached 109.00 on December 29, 2014. GPC gained -84.07 points, or -337.22%, in 303 weeks. The chart has formed a Rising Pennant chart pattern. The trend support level is at 90.65 and resistance is at 103.21. A Rising Pennant chart pattern represents a brief pause after a sharp move in a dynamic market. It is considered one of the most reliable continuation patterns.Use the following link to access a Rising Pennant chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Pennant pattern in a long-term trend.

Medium-term trend: [See GPC medium-term trend chart]
A medium-term downtrend had started on July 12, 2016 at 105.97 and reached 79.86 on August 15, 2017. GPC lost 26.11 points, or 24.64%, in 57 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (93.96). 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 GPC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since September 15, 2017. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See GPC short-term trend chart]
A short-term downtrend had started on October 18, 2017 at 98.63 and reached 84.71 on November 16, 2017. GPC lost 13.92 points, or 14.11%, in 29 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (82.96) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. GPC may retest the broken resistance line. It is considered to be a support line now. 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 GPC 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. 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 November 17, 2017. The distance between MACD and the signal line is relatively high and 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.

During the last week, the price has moved above 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.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.53
Overbought
Williams' Percentage Range (W%R) 2.80
Strong Overbought
Lane's Stochastic (%D-Slow) 93.09
Strong Overbought
Greed/Fear Indicator (GFI) 91.61
Strong Overbought
Moving Average Converg./Diverg. (MACD) -0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.63
Williams' Percentage Range (W%R) 29.50
Lane's Stochastic (%D-Slow) 23.57
Greed/Fear Indicator (GFI) 50.85
Moving Average Converg./Diverg. (MACD) -0.68
Trading Signals
Description Value Chart
Yearly Trendline Resistance 103.21
Quarterly Trendline Resistance 93.96
Upper Bollinger Band 93.41
Daily Stochastic Crossing 93.02
Price 92.86
Yearly Trendline Support 90.65
50 Day Moving Average 90.62
Weekly Trendline Resistance 87.55
Weekly Stochastic Crossing 87.51
20 Day Moving Average 87.36
Parabolic System 86.04
Lower Bollinger Band 83.97
Weekly Trendline Support 82.96
Quarterly Trendline Support 77.60
Sector and Industry
Description Name Rank
Sector Services 4
Industry Auto Parts Wholesale 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 84.71
Low Date 11/16/2017
High 93.33
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 87.55
Support 82.96
High 98.63
High Date 10/18/2017
Low 84.71
Low Date 11/16/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.86
Low Date 08/15/2017
High 98.63
High Date 10/18/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 93.96
Support 77.60
High 105.97
High Date 07/12/2016
Low 79.86
Low Date 08/15/2017
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Valid
Resistance 103.21
Support 90.65
Low 24.93
Low Date 03/09/2009
High 109.00
High Date 12/29/2014
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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