The Greedy Trader Weekly Analysis
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Ameriprise Financial
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Summary:
Weekly :Weekly  MACD line has moved below its signal lineOversold sector
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldBullish Homing Pigeon CandlestickBroken trend support lineThe Bollinger Bands are historically far apart
Move cursor over the icon to see details.

It was the negative week for the Ameriprise Financial (AMP). During the week, the AMP dropped -13.62 points, or -8.13%, and closed at 153.88 on Friday, February 09, 2018. Weekly volume was 63% above average.

AMP is a member of Financial Sector. Financial is the second most oversold 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 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 93.52 and resistance is at 193.10. 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 Rising Channel chart pattern. The trend support level is at 151.51 and resistance is at 166.71. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 September 7, 2017 at 131.20 and reached 183.90 on January 16, 2018. AMP gained -52.70 points, or -40.17%, in 131 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (176.15) 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 Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is below its signal line since January 24, 2018. The distance between MACD and the signal line is near its high and getting bigger.

The distance between the Bollinger Bands (23.42%) is close to one year high (19.44%). It is 165.79% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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.

Candlestick pattern: [See AMP candlestick chart pattern]
On Friday the chart has formed a Bullish Homing Pigeon Candlestick pattern. A Bullish Homing Pigeon pattern occurs in a downtrend. Market usually has a tendency to enter into a congestion phase following a Homing Pigeon pattern.The reliability of the Bullish Homing Pigeon is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Homing Pigeon Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.98
Williams' Percentage Range (W%R) 82.50
Oversold
Lane's Stochastic (%D-Slow) 13.64
Oversold
Greed/Fear Indicator (GFI) 19.03
Oversold
Moving Average Converg./Diverg. (MACD) -1.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.63
Williams' Percentage Range (W%R) 65.40
Lane's Stochastic (%D-Slow) 63.76
Greed/Fear Indicator (GFI) 48.95
Moving Average Converg./Diverg. (MACD) 9.44
Trading Signals
Description Value Chart
Upper Bollinger Band 185.42
Weekly Trendline Support 176.15
20 Day Moving Average 171.40
50 Day Moving Average 170.08
Weekly Stochastic Crossing 168.62
Quarterly Trendline Resistance 166.71
Parabolic System 164.40
Price 153.88
Daily Stochastic Crossing 152.75
Quarterly Trendline Support 151.51
Monthly Trendline Support 150.37
Lower Bollinger Band 149.36
Sector and Industry
Description Name Rank
Sector Financial 2
Industry Asset Management 51
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 183.90
High Date 01/16/2018
Low 148.62
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 193.94
Support 176.15
Low 131.20
Low Date 09/07/2017
High 183.90
High Date 01/16/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 189.45
Support 150.37
Low 118.84
Low Date 05/31/2017
High 183.90
High Date 01/16/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 166.71
Support 151.51
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 193.10
Support 93.52
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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