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|It was a second positive week after 4 consecutive negative weeks for the Citrix Systems (CTXS). During the week, the CTXS gained 4.25 points, or 4.14%, and closed at 107.01 on Friday, November 09, 2018. Weekly volume was -17% below 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 116.82 on July 26, 2018. CTXS gained -46.58 points, or -66.32%, in 77 weeks. The price is now at the 21.06% retracement level.
Medium-term trend: [See CTXS medium-term trend chart]
A medium-term downtrend had started on July 26, 2018 at 116.82 and reached 97.88 on October 26, 2018. CTXS lost 18.94 points, or 16.21%, in 13 weeks. The price is now at the 48.20% retracement level.
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 above oversold area. Such crossover is considered a bullish 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 below its signal line since August 31, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 October 26, 2018 at 97.88 and reached 107.19 on November 9, 2018. CTXS gained -9.31 points, or -9.51%, in 14 days. Price is near the trend high.
Daily Technical Indicators: [See CTXS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 30, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
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. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.