The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
TA Search
Weekly Pattern:Rectangle
Number of records: 0
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• 
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Advanced TA Search

Archive
- 3/15/2024 -
Sign In to see current Signals.

Symbol is not available. (KORS) Technical Analysis

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI)
"
Williams' Percentage Range (W%R)
Lane's Stochastic (%D-Slow)
Greed/Fear Indicator (GFI)
Moving Average Converg./Diverg. (MACD)
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI)
Williams' Percentage Range (W%R)
Lane's Stochastic (%D-Slow)
Greed/Fear Indicator (GFI)
Moving Average Converg./Diverg. (MACD)
Trading Signals
Description Value Chart
Chart is not available.
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction
Chart Pattern
Weekly Trend
Monthly Trend
Description Value
Direction
Chart Pattern
Status
Resistance
Support
Description Value
Direction
Chart Pattern
Status
Resistance
Support
Quarterly Trend
Yearly Trend
Description Value
Direction
Chart Pattern
Status
Resistance
Support
Description Value
Direction
Chart Pattern
Status
Resistance
Support
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.