The Greedy Trader Weekly Analysis
Sign In Dec 8, 2017
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
TA Search
Yearly Pattern:Symmetric Triangle
Number of records: 5
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Archive
- 12/1/2017
Sign In to see current Signals.
NASDAQ OMX Group Inc.
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtMACD bearish divergenceWeekly  MACD line has moved above its signal lineTrend resistance at 79.31
Daily :Lane's Stochastic is overboughtRelative Strength Index and Williams' Percentage Range are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the NASDAQ OMX Group Inc. (NDAQ). During the week, the NDAQ gained 2.01 points, or 2.60%, and closed at 79.26 on Friday, December 01, 2017. Weekly volume was 7% above average.

Long-term trend: [See NDAQ long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 14.96 and reached 79.85 on November 30, 2017. NDAQ gained -64.89 points, or -433.76%, in 470 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (31.05) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 NDAQ medium-term trend chart]
A medium-term uptrend had started on August 8, 2011 at 20.32 and reached 79.85 on November 30, 2017. NDAQ gained -59.53 points, or -292.96%, in 329 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (79.31). 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 medium-term trend.

Weekly Technical Indicators: [See NDAQ 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 link to access Williams' Percentage Range help.

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

Short-term trend: [See NDAQ short-term trend chart]
A short-term uptrend had started on November 7, 2017 at 71.65 and reached 79.85 on November 30, 2017. NDAQ gained -8.20 points, or -11.44%, in 23 days. The price is now at the 7.20% retracement level.

Daily Technical Indicators: [See NDAQ daily technical indicators chart]
Daily Lane's Stochastic is overbought while Relative Strength Index and Williams' Percentage Range are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Relative Strength Index and Williams' Percentage Range. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since November 7, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands is 108.18% higher then one year average. It indicates the period of high volatility of the stock price. 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 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) 97.50
Strong Overbought
Williams' Percentage Range (W%R) 4.80
Strong Overbought
Lane's Stochastic (%D-Slow) 83.54
Overbought
Greed/Fear Indicator (GFI) 92.09
Strong Overbought
Moving Average Converg./Diverg. (MACD) 0.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.94
Williams' Percentage Range (W%R) 3.80
Strong Overbought
Lane's Stochastic (%D-Slow) 50.21
Greed/Fear Indicator (GFI) 68.57
Moving Average Converg./Diverg. (MACD) 1.28 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 81.09
Monthly Trendline Resistance 80.49
Daily Stochastic Crossing 79.39
Quarterly Trendline Resistance 79.31
Price 79.26
Parabolic System 78.01
Weekly Stochastic Crossing 76.54
20 Day Moving Average 75.84
50 Day Moving Average 75.23
Monthly Trendline Support 73.10
Lower Bollinger Band 71.88
Quarterly Trendline Support 71.08
Sector and Industry
Description Name Rank
Sector Services 4
Industry Business Services 118
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 71.65
Low Date 11/07/2017
High 79.85
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.98
Low Date 05/10/2017
High 79.85
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 80.49
Support 73.10
Low 21.03
Low Date 06/15/2012
High 79.85
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 79.31
Support 71.08
Low 20.32
Low Date 08/08/2011
High 79.85
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 15.27
Support 31.05
Low 14.96
Low Date 11/21/2008
High 79.85
High Date 11/30/2017
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.

Copyright© 2004-2016 All rights reserved.