The Greedy Trader Weekly Analysis
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Yearly Pattern:Symmetric Triangle
Number of records: 5
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
Symmetric Triangle Pattern,Symmetric Triangle Chart Pattern,Chart Pattern Analysis,chart pattern, charts, pattern, chart analysis, pattern recognition, screener, screening, Trading Signals
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- 12/1/2017
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Kansas City Southern
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought20 Day Moving Average has crossed above the 50 Day Moving AverageTrend resistance at 105.37
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It was a second consecutive positive week for the Kansas City Southern (KSU). During the week, the KSU gained 3.97 points, or 3.73%, and closed at 110.39 on Friday, December 01, 2017. It was the best weekly gain since June 16, 2017. KSU was trading at average weekly trading volume.

Long-term trend: [See KSU long-term trend chart]
A long-term downtrend had started on November 11, 2014 at 126.49 and reached 62.20 on January 21, 2016. KSU lost 64.29 points, or 50.83%, in 62 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (95.13) 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. KSU 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 KSU medium-term trend chart]
A medium-term uptrend had started on January 4, 2017 at 79.05 and reached 112.88 on November 30, 2017. KSU gained -33.83 points, or -42.80%, in 47 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 102.70 and resistance is at 120.87. 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 KSU weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 below its signal line since September 29, 2017. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See KSU short-term trend chart]
A short-term uptrend had started on October 17, 2017 at 99.70 and reached 112.88 on November 30, 2017. KSU gained -13.18 points, or -13.22%, in 44 days. The chart has formed a Rising Pennant chart pattern. The price is near the trend resistance line (105.37). 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 KSU daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 21, 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.

During the last week, the 20 Day Moving Average 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) 66.22
Williams' Percentage Range (W%R) 4.20
Strong Overbought
Lane's Stochastic (%D-Slow) 85.79
Overbought
Greed/Fear Indicator (GFI) 82.59
Overbought
Moving Average Converg./Diverg. (MACD) 0.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.89
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 61.34
Greed/Fear Indicator (GFI) 71.22
Moving Average Converg./Diverg. (MACD) 2.94
Trading Signals
Description Value Chart
Monthly Trendline Resistance 120.87
Daily Stochastic Crossing 111.74
Upper Bollinger Band 111.39
Price 110.39
Weekly Trendline Support 110.24
Weekly Stochastic Crossing 107.92
20 Day Moving Average 105.86
Parabolic System 105.80
50 Day Moving Average 105.55
Weekly Trendline Resistance 105.37
Monthly Trendline Support 102.70
Lower Bollinger Band 101.61
Yearly Trendline Support 95.13
Sector and Industry
Description Name Rank
Sector Services 4
Industry Railroads 109
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 102.00
Low Date 10/26/2017
High 112.88
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Test Resistance
Resistance 105.37
Support 110.24
Low 99.70
Low Date 10/17/2017
High 112.88
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 120.87
Support 102.70
Low 79.05
Low Date 01/04/2017
High 112.88
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.20
Low Date 01/21/2016
High 112.88
High Date 11/30/2017
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 82.44
Support 95.13
High 126.49
High Date 11/11/2014
Low 62.20
Low Date 01/21/2016
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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