The Greedy Trader Weekly Analysis
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Weekly Pattern:Rectangle
Number of records: 1
Symbol:  

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Rectangle Chart Pattern - Rectangle Pattern and Chart analysis
A rectangle chart pattern is characterized as a short-term horizontal channel, and it represents a trading range and indecision area that usually resolves in the direction of the main trend. Chart analysis usually considers the rectangle pattern as a continuation formation, but it can also mark significant top and bottom. The rectangle pattern within a younger parent trend has more chances to mark a continuation. To estimate the maturity of the parent trend, consult technical indicators. Volume should increase during breakout, but in contrast with other continuation patterns, the rectangle does not inherit standard volume behavior. After breakout, the rectangle pattern resistance may turn into potential support and vice versa.
Tips:
# 1 As a continuation pattern, the rectangle pattern usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold daily indicators. The pattern resets short-term indicators to neutral and then continues movement in the parent's direction.
# 2 As a reversal formation, the pattern appears in a mature trend characterized by overbought/oversold indicators on long and short time frames. This situation usually generates divergence on weekly indicators.
# 3 For the best results, the rectangle chart pattern should be considered together with other technical analysis signals, chart analysis, and technical trading techniques.
Estimated target: the higher level parent's support/resistance line.
Rectangle, chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
J. B. Hunt
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger Band20 Day Moving Average has crossed below the 50 Day Moving AverageBearish Three Black Crows Candlestick
Move cursor over the icon to see details.

It was the negative week for the J. B. Hunt (JBHT). During the week, the JBHT dropped -11.12 points, or -9.24%, and closed at 109.29 on Friday, October 12, 2018. Weekly volume was 21% above average.

Long-term trend: [See JBHT long-term trend chart]
A long-term uptrend had started on May 18, 2017 at 83.35 and reached 131.74 on June 13, 2018. JBHT gained -48.39 points, or -58.06%, in 55 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (123.39) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See JBHT medium-term trend chart]
A medium-term downtrend had started on June 13, 2018 at 131.74 and reached 108.46 on October 12, 2018. JBHT lost 23.28 points, or 17.67%, in 17 weeks. Price is near the trend low.

Weekly Technical Indicators: [See JBHT weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 June 22, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See JBHT short-term trend chart]
A short-term downtrend had started on September 11, 2018 at 127.93 and reached 108.46 on October 12, 2018. JBHT lost 19.47 points, or 15.22%, in 31 days. Price is near the trend low.

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

The daily MACD line is below its signal line since October 8, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Candlestick pattern: [See JBHT candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.29
Williams' Percentage Range (W%R) 79.40
Lane's Stochastic (%D-Slow) 21.22
Greed/Fear Indicator (GFI) 22.02
Moving Average Converg./Diverg. (MACD) -1.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.80
Williams' Percentage Range (W%R) 85.60
Oversold
Lane's Stochastic (%D-Slow) 35.90
Greed/Fear Indicator (GFI) 30.65
Moving Average Converg./Diverg. (MACD) 1.44
Trading Signals
Description Value Chart
Upper Bollinger Band 125.68
Monthly Trendline Support 123.39
50 Day Moving Average 121.21
Parabolic System 120.99
20 Day Moving Average 119.07
Weekly Stochastic Crossing 113.90
Lower Bollinger Band 111.14
Daily Stochastic Crossing 109.43
Price 109.29
Sector and Industry
Description Name Rank
Sector Services 7
Industry Trucking 30
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 127.93
High Date 09/11/2018
Low 108.46
Low Date 10/12/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.74
High Date 06/13/2018
Low 108.46
Low Date 10/12/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 136.34
Support 123.39
Low 83.35
Low Date 05/18/2017
High 131.74
High Date 06/13/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.58
Low Date 01/15/2016
High 131.74
High Date 06/13/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.38
Low Date 08/24/2005
High 131.74
High Date 06/13/2018
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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