The Greedy Trader Weekly Analysis
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Yearly Pattern:Ascending Triangle
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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.

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- 4/5/2024 -
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Kohl's Corp. (KSS) Technical Analysis

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Summary:
Weekly :Broken trend support lineWeekly  MACD line has moved below its signal line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Kohl's Corp. (KSS). During the week, the KSS dropped -3.65 points, or -12.52%, and closed at 25.50 on Friday, April 5, 2024. Weekly volume was -7% below average.

Long-term trend: [See KSS long-term trend chart]
A long-term downtrend had started on May 18, 2021 at 64.80 and reached 17.68 on October 13, 2023. KSS lost 47.12 points, or 72.72%, in 125 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 11.54 and resistance is at 63.05. A Broadening Descending 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See KSS medium-term trend chart]
A medium-term uptrend had started on October 13, 2023 at 17.68 and reached 29.60 on April 1, 2024. KSS gained -11.92 points, or -67.42%, in 24 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (28.19) 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 medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See KSS short-term trend chart]
A short-term downtrend had started on April 1, 2024 at 29.60 and reached 25.37 on April 5, 2024. KSS lost 4.23 points, or 14.29%, in 4 days. Price is near the trend low.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 53.13
Williams' Percentage Range (W%R) 76.20
Lane's Stochastic (%D-Slow) 35.97
Greed/Fear Indicator (GFI) 37.63
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.83
Williams' Percentage Range (W%R) 46.40
Lane's Stochastic (%D-Slow) 55.50
Greed/Fear Indicator (GFI) 52.02
Moving Average Converg./Diverg. (MACD) 0.72
Trading Signals
Description Value Chart
Monthly Trendline Resistance 29.61
Upper Bollinger Band 29.50
Parabolic System 29.46
Monthly Trendline Support 28.19
Weekly Stochastic Crossing 27.01
50 Day Moving Average 27.00
20 Day Moving Average 26.55
Daily Stochastic Crossing 26.26
Price 25.50
Lower Bollinger Band 24.22
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Department Stores 37
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 29.60
High Date 04/01/2024
Low 25.37
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.60
High Date 04/01/2024
Low 25.37
Low Date 04/05/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 29.61
Support 28.19
Low 17.68
Low Date 10/13/2023
High 29.60
High Date 04/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 63.05
Support 11.54
High 64.80
High Date 05/18/2021
Low 17.68
Low Date 10/13/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.28
High Date 11/12/2018
Low 10.89
Low Date 04/03/2020
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.