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 :Williams' Percentage Range is strongly overboughtRelative Strength Index and MACD bearish divergence
Daily :Relative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
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It was a third positive week after 3 consecutive negative weeks for the J. B. Hunt (JBHT). During the week, the JBHT gained 3.50 points, or 3.21%, and closed at 112.51 on Friday, December 08, 2017. Weekly volume was -22% below average.

Long-term trend: [See JBHT long-term trend chart]
A long-term uptrend had started on January 15, 2016 at 63.58 and reached 112.99 on December 8, 2017. JBHT gained -49.41 points, or -77.71%, in 99 weeks. Price is near the trend high.

Medium-term trend: [See JBHT medium-term trend chart]
A medium-term uptrend had started on May 18, 2017 at 83.35 and reached 112.99 on December 8, 2017. JBHT gained -29.64 points, or -35.56%, in 29 weeks. Price is near the trend high.

Weekly Technical Indicators: [See JBHT weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 24, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See JBHT short-term trend chart]
A short-term uptrend had started on November 20, 2017 at 100.78 and reached 112.99 on December 8, 2017. JBHT gained -12.21 points, or -12.12%, in 18 days. Price is near the trend high.

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

The daily MACD line is above its signal line since November 24, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.40
Overbought
Williams' Percentage Range (W%R) 3.40
Strong Overbought
Lane's Stochastic (%D-Slow) 81.46
Overbought Bearish
Greed/Fear Indicator (GFI) 86.17
Overbought
Moving Average Converg./Diverg. (MACD) 0.98 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.89
Bearish
Williams' Percentage Range (W%R) 1.70
Strong Overbought
Lane's Stochastic (%D-Slow) 49.21
Greed/Fear Indicator (GFI) 68.64
Moving Average Converg./Diverg. (MACD) 3.59 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 115.22
Price 112.51
Daily Stochastic Crossing 111.65
Parabolic System 108.86
Weekly Stochastic Crossing 106.44
50 Day Moving Average 106.23
20 Day Moving Average 105.92
Lower Bollinger Band 99.88
Sector and Industry
Description Name Rank
Sector Services 7
Industry Trucking 107
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 100.78
Low Date 11/20/2017
High 112.99
High Date 12/08/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 100.25
Low Date 10/16/2017
High 112.99
High Date 12/08/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.35
Low Date 05/18/2017
High 112.99
High Date 12/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.58
Low Date 01/15/2016
High 112.99
High Date 12/08/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.38
Low Date 08/24/2005
High 112.99
High Date 12/08/2017
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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