The Greedy Trader Weekly Analysis
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Ameriprise Financial
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Summary:
Weekly :Trend support at 136.51
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic is oversoldBroken trend support line
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It was the negative week for the Ameriprise Financial (AMP). During the week, the AMP dropped -3.74 points, or -2.66%, and closed at 137.12 on Friday, August 10, 2018. Weekly volume was -13% below average.

Long-term trend: [See AMP long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 11.74 and reached 183.90 on January 16, 2018. AMP gained -172.16 points, or -1466.44%, in 477 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 97.95 and resistance is at 202.21. 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 long-term trend.

Medium-term trend: [See AMP medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 76.00 and reached 183.90 on January 16, 2018. AMP gained -107.90 points, or -141.97%, in 100 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (136.51) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

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

The weekly MACD line is above its signal line since July 13, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AMP short-term trend chart]
A short-term uptrend had started on May 3, 2018 at 129.87 and reached 150.99 on June 11, 2018. AMP gained -21.12 points, or -16.26%, in 39 days. The chart has formed a Descending Triangle chart pattern. The uptrend support line (142.15) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AMP may retest the broken support line. It is considered to be a resistance 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 support in a short-term trend.

Daily Technical Indicators: [See AMP daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 1, 2018.

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) 36.44
Williams' Percentage Range (W%R) 78.20
Lane's Stochastic (%D-Slow) 15.72
Oversold
Greed/Fear Indicator (GFI) 24.66
Moving Average Converg./Diverg. (MACD) -0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.57
Williams' Percentage Range (W%R) 73.70
Lane's Stochastic (%D-Slow) 47.90
Greed/Fear Indicator (GFI) 40.88
Moving Average Converg./Diverg. (MACD) -2.89
Trading Signals
Description Value Chart
Weekly Trendline Resistance 150.57
Upper Bollinger Band 148.09
Parabolic System 146.92
50 Day Moving Average 143.16
20 Day Moving Average 142.76
Weekly Trendline Support 142.15
Weekly Stochastic Crossing 141.64
Price 137.12
Quarterly Trendline Support 136.51
Daily Stochastic Crossing 136.28
Lower Bollinger Band 136.03
Sector and Industry
Description Name Rank
Sector Financial 5
Industry Asset Management 21
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 150.99
High Date 06/11/2018
Low 134.17
Low Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 150.57
Support 142.15
Low 129.87
Low Date 05/03/2018
High 150.99
High Date 06/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 183.90
High Date 01/16/2018
Low 129.87
Low Date 05/03/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 210.89
Support 136.51
Low 76.00
Low Date 02/11/2016
High 183.90
High Date 01/16/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 202.21
Support 97.95
Low 11.74
Low Date 11/21/2008
High 183.90
High Date 01/16/2018
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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