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Monthly Pattern:Rising Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Hess Corporation
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Summary:
Weekly :
Daily :Broken trend resistance lineStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Hess Corporation (HES). During the week, the HES gained 2.69 points, or 6.06%, and closed at 47.09 on Friday, December 01, 2017. HES was trading at average weekly trading volume.

Long-term trend: [See HES long-term trend chart]
A long-term downtrend had started on July 30, 2014 at 104.50 and reached 32.41 on January 20, 2016. HES lost 72.09 points, or 68.99%, in 77 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 36.82 and resistance is at 66.68. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See HES medium-term trend chart]
A medium-term uptrend had started on August 30, 2017 at 37.25 and reached 48.73 on November 7, 2017. HES gained -11.48 points, or -30.82%, in 9 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 42.14 and resistance is at 49.37. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since September 15, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See HES short-term trend chart]
A short-term downtrend had started on November 7, 2017 at 48.73 and reached 42.72 on November 28, 2017. HES lost 6.01 points, or 12.33%, in 21 days. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (42.65) 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 short-term trend.

Daily Technical Indicators: [See HES 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. 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 Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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. Such crossover is considered a bullish signal. 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) 49.92
Williams' Percentage Range (W%R) 41.30
Lane's Stochastic (%D-Slow) 61.07
Greed/Fear Indicator (GFI) 56.58
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.89
Williams' Percentage Range (W%R) 21.60
Lane's Stochastic (%D-Slow) 61.24
Greed/Fear Indicator (GFI) 65.60
Moving Average Converg./Diverg. (MACD) -0.97
Trading Signals
Description Value Chart
Monthly Trendline Resistance 49.37
Upper Bollinger Band 48.25
Price 47.09
Daily Stochastic Crossing 46.50
Weekly Stochastic Crossing 45.38
20 Day Moving Average 45.30
50 Day Moving Average 45.07
Weekly Trendline Resistance 42.91
Parabolic System 42.88
Weekly Trendline Support 42.65
Monthly Trendline Support 42.14
Lower Bollinger Band 41.43
Sector and Industry
Description Name Rank
Sector Basic Materials 6
Industry Oil & Gas Refining/Mrktng 134
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.72
Low Date 11/28/2017
High 47.81
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 42.91
Support 42.65
High 48.73
High Date 11/07/2017
Low 42.72
Low Date 11/28/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 49.37
Support 42.14
Low 37.25
Low Date 08/30/2017
High 48.73
High Date 11/07/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 65.56
High Date 12/13/2016
Low 37.25
Low Date 08/30/2017
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 66.68
Support 36.82
High 104.50
High Date 07/30/2014
Low 32.41
Low Date 01/20/2016
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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