The Greedy Trader Weekly Analysis
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Citrix Systems
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Summary:
Weekly :Stochastic signal line moved below overbought areaBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving AverageBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Citrix Systems (CTXS). During the week, the CTXS dropped -6.44 points, or -6.99%, and closed at 85.75 on Friday, February 09, 2018. Weekly volume was 52% above average.

Long-term trend: [See CTXS long-term trend chart]
A long-term uptrend had started on February 1, 2017 at 70.24 and reached 95.00 on January 29, 2018. CTXS gained -24.76 points, or -35.25%, in 51 weeks. The chart has formed a Falling Pennant chart pattern. The uptrend resistance line (77.35) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 CTXS medium-term trend chart]
A medium-term uptrend had started on August 14, 2017 at 73.33 and reached 95.00 on January 29, 2018. CTXS gained -21.67 points, or -29.55%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 82.39 and resistance is at 96.45. 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 CTXS weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since September 29, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CTXS short-term trend chart]
A short-term downtrend had started on January 29, 2018 at 95.00 and reached 83.71 on February 9, 2018. CTXS lost 11.29 points, or 11.88%, in 11 days. The price is now at the 18.07% retracement level.

Daily Technical Indicators: [See CTXS 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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since January 30, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Candlestick pattern: [See CTXS candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.69
Williams' Percentage Range (W%R) 87.90
Oversold
Lane's Stochastic (%D-Slow) 10.78
Oversold
Greed/Fear Indicator (GFI) 14.84
Oversold
Moving Average Converg./Diverg. (MACD) 0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.69
Williams' Percentage Range (W%R) 50.10
Lane's Stochastic (%D-Slow) 74.25
Greed/Fear Indicator (GFI) 58.66
Moving Average Converg./Diverg. (MACD) 2.19
Trading Signals
Description Value Chart
Weekly Trendline Resistance 96.45
Upper Bollinger Band 95.76
Weekly Stochastic Crossing 91.63
20 Day Moving Average 91.32
Parabolic System 89.65
50 Day Moving Average 89.55
Price 85.75
Daily Stochastic Crossing 85.15
Lower Bollinger Band 84.47
Weekly Trendline Support 82.39
Monthly Trendline Support 77.35
Monthly Trendline Resistance 71.64
Sector and Industry
Description Name Rank
Sector Technology 7
Industry Internet Software & Svcs 119
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 95.00
High Date 01/29/2018
Low 83.71
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 96.45
Support 82.39
Low 73.33
Low Date 08/14/2017
High 95.00
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 71.64
Support 77.35
Low 70.24
Low Date 02/01/2017
High 95.00
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 95.90
High Date 01/25/2017
Low 70.24
Low Date 02/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.21
Low Date 08/19/2011
High 95.90
High Date 01/25/2017
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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