The Greedy Trader Weekly Analysis
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Citrix Systems
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :The price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a first positive week for the Citrix Systems (CTXS). During the week, the CTXS gained 2.10 points, or 2.43%, and closed at 88.35 on Friday, December 01, 2017. Weekly volume was 23% above average.

Long-term trend: [See CTXS long-term trend chart]
A long-term downtrend had started on January 25, 2017 at 95.90 and reached 70.24 on February 1, 2017. CTXS lost 25.66 points, or 26.76%, in 1 weeks. The price is now at the 70.58% retracement level.

Medium-term trend: [See CTXS medium-term trend chart]
A medium-term uptrend had started on August 14, 2017 at 73.33 and reached 88.96 on December 1, 2017. CTXS gained -15.63 points, or -21.31%, in 15 weeks. Price is near the trend high.

Weekly Technical Indicators: [See CTXS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CTXS short-term trend chart]
A short-term uptrend had started on September 15, 2017 at 75.01 and reached 88.96 on December 1, 2017. CTXS gained -13.95 points, or -18.60%, in 77 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 84.83 and resistance is at 92.87. 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 short-term trend.

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

The daily MACD line is above its signal line since November 27, 2017. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.67
Williams' Percentage Range (W%R) 21.10
Lane's Stochastic (%D-Slow) 78.07
Greed/Fear Indicator (GFI) 76.22
Moving Average Converg./Diverg. (MACD) 1.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.97
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 88.41
Overbought
Greed/Fear Indicator (GFI) 82.31
Overbought
Moving Average Converg./Diverg. (MACD) -0.16
Trading Signals
Description Value Chart
Weekly Trendline Resistance 92.87
Price 88.35
Daily Stochastic Crossing 88.35
Upper Bollinger Band 88.25
Weekly Stochastic Crossing 87.89
20 Day Moving Average 85.80
Parabolic System 85.31
Weekly Trendline Support 84.83
Lower Bollinger Band 83.11
50 Day Moving Average 82.57
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Internet Software & Svcs 71
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 80.20
Low Date 10/26/2017
High 88.96
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 92.87
Support 84.83
Low 75.01
Low Date 09/15/2017
High 88.96
High Date 12/01/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 73.33
Low Date 08/14/2017
High 88.96
High Date 12/01/2017
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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