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 :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageTrend resistance at 64.04The price moved above the moving average in the center of the Bollinger Bands
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 3.44 points, or 5.71%, and closed at 63.67 on Friday, May 18, 2018. Weekly volume was -8% below average.

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 (36.32) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. KSS may retest the broken resistance line. It is considered to be a support line now. 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 69.48 on February 27, 2018. KSS gained -35.61 points, or -105.14%, in 93 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.32 and resistance is at 71.31. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since March 23, 2018. 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 February 27, 2018 at 69.48 and reached 57.89 on May 10, 2018. KSS lost 11.59 points, or 16.68%, in 72 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (64.04). 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 short-term trend.

Daily Technical Indicators: [See KSS daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.

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 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) 56.89
Williams' Percentage Range (W%R) 23.50
Lane's Stochastic (%D-Slow) 80.72
Overbought
Greed/Fear Indicator (GFI) 71.36
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.49
Williams' Percentage Range (W%R) 36.30
Lane's Stochastic (%D-Slow) 34.07
Greed/Fear Indicator (GFI) 48.97
Moving Average Converg./Diverg. (MACD) 4.25
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 71.31
Upper Bollinger Band 65.22
Daily Stochastic Crossing 64.05
Weekly Trendline Resistance 64.04
Price 63.67
50 Day Moving Average 62.53
20 Day Moving Average 61.76
Weekly Stochastic Crossing 61.45
Lower Bollinger Band 59.27
Parabolic System 58.66
Weekly Trendline Support 57.57
Sector and Industry
Description Name Rank
Sector Services 9
Industry Department Stores 133
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 57.89
Low Date 05/10/2018
High 64.99
High Date 05/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 64.04
Support 57.57
High 69.48
High Date 02/27/2018
Low 57.89
Low Date 05/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 35.16
Low Date 06/06/2017
High 69.48
High Date 02/27/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 71.31
Support 36.32
Low 33.87
Low Date 05/12/2016
High 69.48
High Date 02/27/2018
Description Value
Direction Down
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 42.69
Support 36.32
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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