Alliance Data Systems
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|It was the negative week for the Alliance Data Systems (ADS). During the week, the ADS dropped -10.10 points, or -4.22%, and closed at 229.09 on Friday, March 16, 2018. Weekly volume was 13% above average. |
ADS is a member of Technology Sector. Technology is the most overbought sector. ADS is a member of Information/Delivery Svcs Industry. Information/Delivery Svcs is the eighth most oversold industry. 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 ADS long-term trend chart]
A long-term downtrend had started on April 23, 2015 at 312.00 and reached 176.63 on February 9, 2016. ADS lost 135.37 points, or 43.39%, in 41 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 218.70 and resistance is at 245.60. 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 larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
Medium-term trend: [See ADS medium-term trend chart]
A medium-term uptrend had started on February 9, 2016 at 176.63 and reached 278.33 on January 12, 2018. ADS gained -101.70 points, or -57.58%, in 100 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 219.63 and resistance is at 298.11. 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 ADS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 23, 2018. Use the following link to access a MACD help.
Short-term trend: [See ADS short-term trend chart]
A short-term downtrend had started on March 12, 2018 at 241.48 and reached 226.34 on March 15, 2018. ADS lost 15.14 points, or 6.27%, in 3 days. The price is now at the 18.16% retracement level.
Daily Technical Indicators: [See ADS daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.