The Greedy Trader Weekly Analysis
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Yearly Pattern:Symmetric Triangle
Number of records: 8
Symbol:  

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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
Kansas City Southern
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Summary:
Weekly :Overbought sector
Daily :20 Day Moving Average has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 61.8% retracement levelThe 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 Kansas City Southern (KSU). During the week, the KSU gained 5.24 points, or 5.05%, and closed at 109.01 on Friday, February 16, 2018. KSU was trading at average weekly trading volume.

KSU 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 KSU long-term trend chart]
A long-term uptrend had started on January 4, 2017 at 79.05 and reached 114.85 on December 4, 2017. KSU gained -35.80 points, or -45.29%, in 47 weeks. The price is now at the 16.31% retracement level.

Medium-term trend: [See KSU medium-term trend chart]
A medium-term downtrend had started on December 4, 2017 at 114.85 and reached 99.47 on February 9, 2018. KSU lost 15.38 points, or 13.39%, in 9 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 98.45 and resistance is at 114.71. 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 medium-term trend.

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

The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See KSU short-term trend chart]
A short-term downtrend had started on January 29, 2018 at 114.75 and reached 99.47 on February 9, 2018. KSU lost 15.28 points, or 13.32%, in 11 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is below its signal line since February 1, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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 20 Day Moving Average 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) 40.37
Williams' Percentage Range (W%R) 48.90
Lane's Stochastic (%D-Slow) 59.12
Greed/Fear Indicator (GFI) 50.20
Moving Average Converg./Diverg. (MACD) -0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.04
Williams' Percentage Range (W%R) 49.20
Lane's Stochastic (%D-Slow) 58.15
Greed/Fear Indicator (GFI) 54.14
Moving Average Converg./Diverg. (MACD) 2.60
Trading Signals
Description Value Chart
Upper Bollinger Band 114.98
Monthly Trendline Resistance 114.71
50 Day Moving Average 109.28
20 Day Moving Average 109.09
Price 109.01
Weekly Stochastic Crossing 107.98
Daily Stochastic Crossing 105.73
Lower Bollinger Band 101.12
Parabolic System 99.37
Monthly Trendline Support 98.45
Sector and Industry
Description Name Rank
Sector Services 9
Industry Railroads 98
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 99.47
Low Date 02/09/2018
High 109.30
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 114.75
High Date 01/29/2018
Low 99.47
Low Date 02/09/2018
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 114.71
Support 98.45
High 114.85
High Date 12/04/2017
Low 99.47
Low Date 02/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.05
Low Date 01/04/2017
High 114.85
High Date 12/04/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.20
Low Date 01/21/2016
High 114.85
High Date 12/04/2017
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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