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Yearly Pattern:Ascending Triangle
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Ascending Triangle Pattern
The ascending triangle pattern is a variation of symmetrical triangle formation that has a flat resistance line and a rising support line. The higher lows indicate the increasing demand and give the ascending triangle definitive bullish bias. The ascending triangle usually represents an accumulation stage in bullish market. The ascending triangle is considered as a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Volume usually increases on a breakout move. After breakout (similar to rectangle), resistance may turn into potential support and vice versa.
Ascending Triangle Screening page presents a list of stocks forming an Ascending Triangle Pattern.
Tips:
# 1As a continuation pattern, an ascending triangle usually appears within a young trend, characterized by neutral long-term indicators and overbought short-term indicators. An ascending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, an ascending triangle appears in a mature downtrend, characterized by oversold short-term and long-term indicators. This situation usually generates bullish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Ascending Triangle Pattern,Ascending Triangle,Ascending Triangle Chart Pattern,Trend Support, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
Archive
- 2/9/2018
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Kohl's Corp.
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support lineBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Kohl's Corp. (KSS). During the week, the KSS dropped -2.00 points, or -3.15%, and closed at 61.47 on Friday, February 09, 2018. KSS was trading at average weekly trading volume.

KSS is a member of Services Sector. Services is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See KSS long-term trend chart]
A long-term downtrend had started on April 6, 2015 at 79.60 and reached 33.87 on May 12, 2016. KSS lost 45.73 points, or 57.45%, in 57 weeks. The chart has formed a Ascending Triangle chart pattern. The downtrend resistance line (35.99) 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 long-term trend.

Medium-term trend: [See KSS medium-term trend chart]
A medium-term uptrend had started on May 12, 2016 at 33.87 and reached 69.14 on January 23, 2018. KSS gained -35.27 points, or -104.13%, in 88 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (37.85) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.

Weekly Technical Indicators: [See KSS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since June 23, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See KSS short-term trend chart]
A short-term uptrend had started on November 9, 2017 at 37.97 and reached 69.14 on January 23, 2018. KSS gained -31.17 points, or -82.09%, in 75 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (70.71) 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 short-term trend.

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

The daily MACD line is below its signal line since January 29, 2018. The distance between MACD and the signal line is near its high and getting bigger.

During the last week, the price has declined below 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.

Candlestick pattern: [See KSS candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.99
Williams' Percentage Range (W%R) 72.70
Lane's Stochastic (%D-Slow) 28.59
Greed/Fear Indicator (GFI) 28.95
Moving Average Converg./Diverg. (MACD) 2.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.26
Williams' Percentage Range (W%R) 25.90
Lane's Stochastic (%D-Slow) 87.31
Overbought
Greed/Fear Indicator (GFI) 75.93
Moving Average Converg./Diverg. (MACD) 3.99
Trading Signals
Description Value Chart
Monthly Trendline Resistance 71.60
Weekly Trendline Support 70.71
Upper Bollinger Band 67.74
Weekly Stochastic Crossing 66.38
20 Day Moving Average 64.99
Parabolic System 63.06
Price 61.47
Daily Stochastic Crossing 61.12
50 Day Moving Average 57.68
Lower Bollinger Band 57.64
Sector and Industry
Description Name Rank
Sector Services 9
Industry Department Stores 152
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 69.14
High Date 01/23/2018
Low 58.06
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 75.02
Support 70.71
Low 37.97
Low Date 11/09/2017
High 69.14
High Date 01/23/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 71.60
Support 39.56
Low 35.16
Low Date 06/06/2017
High 69.14
High Date 01/23/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 41.23
Support 37.85
Low 33.87
Low Date 05/12/2016
High 69.14
High Date 01/23/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 45.88
Support 35.99
High 79.60
High Date 04/06/2015
Low 33.87
Low Date 05/12/2016
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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