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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
- 12/1/2017
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Kohl's Corp.
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Summary:
Weekly :Williams' Percentage Range is overboughtMACD bearish divergenceTrend resistance at 48.09
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtBearish Deliberation Candlestick
Move cursor over the icon to see details.

It was a fourth consecutive positive week for the Kohl's Corp. (KSS). During the week, the KSS gained 2.96 points, or 6.56%, and closed at 48.05 on Friday, December 01, 2017. It was the best weekly gain since September 15, 2017. Weekly volume was 13% above average.

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 price is near the trend resistance line (48.09). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See KSS medium-term trend chart]
A medium-term uptrend had started on June 6, 2017 at 35.16 and reached 49.52 on November 30, 2017. KSS gained -14.36 points, or -40.84%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 38.36 and resistance is at 53.36. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See KSS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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 link to access Williams' Percentage Range 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 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 KSS short-term trend chart]
A short-term uptrend had started on November 14, 2017 at 40.94 and reached 49.52 on November 30, 2017. KSS gained -8.58 points, or -20.96%, in 16 days. The price is now at the 17.13% retracement level.

Daily Technical Indicators: [See KSS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 14, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Candlestick pattern: [See KSS candlestick chart pattern]
On Friday the chart has formed a Bearish Deliberation Candlestick pattern. This pattern occurs in an uptrend;it appears after a sustained upward move and suggests that the rally is losing strength and a reversal is possible. The reliability of the Bearish Deliberation pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Deliberation Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.86
Williams' Percentage Range (W%R) 13.20
Overbought
Lane's Stochastic (%D-Slow) 84.66
Overbought
Greed/Fear Indicator (GFI) 83.12
Overbought
Moving Average Converg./Diverg. (MACD) 0.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.43
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 52.47
Greed/Fear Indicator (GFI) 66.41
Moving Average Converg./Diverg. (MACD) 0.68 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 53.36
Upper Bollinger Band 49.25
Daily Stochastic Crossing 48.60
Yearly Trendline Resistance 48.09
Price 48.05
Parabolic System 45.70
Weekly Stochastic Crossing 44.47
50 Day Moving Average 43.82
20 Day Moving Average 43.76
Lower Bollinger Band 40.07
Sector and Industry
Description Name Rank
Sector Services 4
Industry Department Stores 80
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 40.94
Low Date 11/14/2017
High 49.52
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 40.94
Low Date 11/14/2017
High 49.52
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.97
Low Date 11/09/2017
High 49.52
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 53.36
Support 38.36
Low 35.16
Low Date 06/06/2017
High 49.52
High Date 11/30/2017
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Test Resistance
Resistance 48.09
Support 35.76
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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