The Greedy Trader Weekly Analysis
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CBS Corp.
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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is oversold
Daily :The price has fallen below the Parabolic SARBroken trend resistance lineThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the CBS Corp. (CBS). During the week, the CBS gained 0.57 points, or 1.01%, and closed at 57.11 on Friday, December 01, 2017. Weekly volume was 65% above average.

Long-term trend: [See CBS long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 3.06 and reached 70.10 on April 5, 2017. CBS gained -67.04 points, or -2190.85%, in 421 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 50.50 and resistance is at 69.49. 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 CBS medium-term trend chart]
A medium-term uptrend had started on September 29, 2015 at 38.51 and reached 70.10 on April 5, 2017. CBS gained -31.59 points, or -82.03%, in 79 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (61.87) is broken. A broken support is considered to be a long-term bearish signal. 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 medium-term trend.

Weekly Technical Indicators: [See CBS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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.

The weekly MACD line is below its signal line since August 25, 2017. Use the following link to access a MACD help.

Short-term trend: [See CBS short-term trend chart]
A short-term downtrend had started on July 27, 2017 at 68.75 and reached 52.75 on November 3, 2017. CBS lost 16.00 points, or 23.27%, in 99 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (49.04) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

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

The daily MACD line is above its signal line since November 28, 2017. The distance between MACD and the signal line is low, but getting bigger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. 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) 51.87
Williams' Percentage Range (W%R) 51.70
Lane's Stochastic (%D-Slow) 54.45
Greed/Fear Indicator (GFI) 51.54
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.10
Williams' Percentage Range (W%R) 80.40
Oversold
Lane's Stochastic (%D-Slow) 37.07
Greed/Fear Indicator (GFI) 34.30
Moving Average Converg./Diverg. (MACD) -1.48
Trading Signals
Description Value Chart
Quarterly Trendline Support 61.87
Parabolic System 58.57
Upper Bollinger Band 57.94
50 Day Moving Average 57.13
Price 57.11
20 Day Moving Average 56.47
Daily Stochastic Crossing 56.06
Weekly Stochastic Crossing 55.65
Lower Bollinger Band 55.01
Weekly Trendline Resistance 54.03
Yearly Trendline Support 50.50
Weekly Trendline Support 49.04
Sector and Industry
Description Name Rank
Sector Services 4
Industry Broadcasting - TV 13
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 59.25
High Date 11/07/2017
Low 54.41
Low Date 11/28/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 54.03
Support 49.04
High 68.75
High Date 07/27/2017
Low 52.75
Low Date 11/03/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 70.10
High Date 04/05/2017
Low 52.75
Low Date 11/03/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 76.49
Support 61.87
Low 38.51
Low Date 09/29/2015
High 70.10
High Date 04/05/2017
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 69.49
Support 50.50
Low 3.06
Low Date 03/09/2009
High 70.10
High Date 04/05/2017
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.

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