The Greedy Trader Weekly Analysis
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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
Kohl's Corp.
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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  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 BandsThe Bollinger Bands are historically close together
Move cursor over the icon to see details.

It was a first positive week for the Kohl's Corp. (KSS). During the week, the KSS gained 3.35 points, or 4.63%, and closed at 75.66 on Friday, August 10, 2018. Weekly volume was -44% below average.

KSS is a member of Services Sector. Services is the second 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 uptrend had started on June 6, 2017 at 35.16 and reached 79.92 on June 12, 2018. KSS gained -44.76 points, or -127.30%, in 53 weeks. The price is now at the 9.52% retracement level.

Medium-term trend: [See KSS medium-term trend chart]
A medium-term downtrend had started on June 12, 2018 at 79.92 and reached 68.21 on July 12, 2018. KSS lost 11.71 points, or 14.65%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (70.28) 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 medium-term trend.

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

The weekly MACD line is below its signal line since July 20, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 August 2, 2018 at 69.69 and reached 76.47 on August 10, 2018. KSS gained -6.78 points, or -9.73%, in 8 days. The price is now at the 11.95% retracement level.

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

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 distance between the Bollinger Bands (7.3%) is close to one year low (7.88%). It is 50.98% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 56.12
Williams' Percentage Range (W%R) 21.30
Lane's Stochastic (%D-Slow) 75.44
Greed/Fear Indicator (GFI) 70.10
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.42
Williams' Percentage Range (W%R) 23.50
Lane's Stochastic (%D-Slow) 56.61
Greed/Fear Indicator (GFI) 63.74
Moving Average Converg./Diverg. (MACD) 4.49
Trading Signals
Description Value Chart
Upper Bollinger Band 75.93
Price 75.66
Daily Stochastic Crossing 75.28
Monthly Trendline Resistance 74.13
Weekly Stochastic Crossing 73.73
50 Day Moving Average 73.42
20 Day Moving Average 73.10
Lower Bollinger Band 70.41
Monthly Trendline Support 70.28
Parabolic System 70.25
Sector and Industry
Description Name Rank
Sector Services 8
Industry Department Stores 122
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.69
Low Date 08/02/2018
High 76.47
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 68.21
Low Date 07/12/2018
High 76.47
High Date 08/10/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 74.13
Support 70.28
High 79.92
High Date 06/12/2018
Low 68.21
Low Date 07/12/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.16
Low Date 06/06/2017
High 79.92
High Date 06/12/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 33.87
Low Date 05/12/2016
High 79.92
High Date 06/12/2018
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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