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Yearly Pattern:Symmetric Triangle
Number of records: 4
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 :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :The price has risen above the Parabolic SARBullish Harami Candlestick
Move cursor over the icon to see details.

It was the negative week for the Kansas City Southern (KSU). During the week, the KSU gave back -0.83 points, or -0.70%, and closed at 117.24 on Friday, September 14, 2018. Weekly volume was -13% below average.

Long-term trend: [See KSU long-term trend chart]
A long-term uptrend had started on January 21, 2016 at 62.20 and reached 120.34 on August 29, 2018. KSU gained -58.14 points, or -93.47%, in 135 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 107.09 and resistance is at 123.52. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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 120.34 on August 29, 2018. KSU gained -41.29 points, or -52.23%, in 86 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 108.13 and resistance is at 119.12. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See KSU weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 20, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. 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 August 24, 2018 at 113.44 and reached 120.34 on August 29, 2018. KSU gained -6.90 points, or -6.08%, in 5 days. The chart has formed a Rectangle chart pattern. The trend support level is at 114.12 and resistance is at 121.07. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a short-term trend.

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

The daily MACD line is below its signal line since September 12, 2018. The distance between MACD and the signal line is low, but getting bigger.

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.

Candlestick pattern: [See KSU candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.11
Williams' Percentage Range (W%R) 45.80
Lane's Stochastic (%D-Slow) 66.84
Greed/Fear Indicator (GFI) 59.72
Moving Average Converg./Diverg. (MACD) 1.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.05
Williams' Percentage Range (W%R) 18.50
Overbought
Lane's Stochastic (%D-Slow) 81.55
Overbought
Greed/Fear Indicator (GFI) 73.28
Moving Average Converg./Diverg. (MACD) 1.62
Trading Signals
Description Value Chart
Yearly Trendline Resistance 123.52
Weekly Trendline Resistance 121.07
Monthly Trendline Resistance 120.85
Upper Bollinger Band 120.25
Quarterly Trendline Resistance 119.12
Weekly Stochastic Crossing 118.17
Daily Stochastic Crossing 117.89
Price 117.24
20 Day Moving Average 117.16
Monthly Trendline Support 116.61
Parabolic System 114.50
Weekly Trendline Support 114.12
50 Day Moving Average 113.94
Lower Bollinger Band 113.46
Quarterly Trendline Support 108.13
Yearly Trendline Support 107.09
Sector and Industry
Description Name Rank
Sector Services 7
Industry Railroads 144
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 114.13
Low Date 09/04/2018
High 120.21
High Date 09/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rectangle
Status Valid
Resistance 121.07
Support 114.12
Low 113.44
Low Date 08/24/2018
High 120.34
High Date 08/29/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 120.85
Support 116.61
Low 103.30
Low Date 06/28/2018
High 120.34
High Date 08/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 119.12
Support 108.13
Low 79.05
Low Date 01/04/2017
High 120.34
High Date 08/29/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 123.52
Support 107.09
Low 62.20
Low Date 01/21/2016
High 120.34
High Date 08/29/2018
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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