The Greedy Trader Weekly Analysis
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Citrix Systems
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Summary:
Weekly :Lane's Stochastic and MACD bearish divergencePrice is near the Fibonacci 38.2% retracement level
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
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 1.50 points, or 1.36%, and closed at 111.44 on Friday, August 10, 2018. Weekly volume was -35% below average.

Long-term trend: [See CTXS long-term trend chart]
A long-term uptrend had started on August 14, 2017 at 73.33 and reached 116.82 on July 26, 2018. CTXS gained -43.49 points, or -59.31%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 98.11 and resistance is at 116.87. 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 long-term trend.

Medium-term trend: [See CTXS medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 102.30 and reached 116.82 on July 26, 2018. CTXS gained -14.52 points, or -14.19%, in 4 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See CTXS weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 April 13, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 August 3, 2018 at 108.72 and reached 112.33 on August 9, 2018. CTXS gained -3.61 points, or -3.32%, in 6 days. Price is near the Fibonacci 23.6% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.41
Williams' Percentage Range (W%R) 63.00
Lane's Stochastic (%D-Slow) 53.47
Greed/Fear Indicator (GFI) 51.96
Moving Average Converg./Diverg. (MACD) 0.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.95
Williams' Percentage Range (W%R) 22.70
Lane's Stochastic (%D-Slow) 70.26
Bearish
Greed/Fear Indicator (GFI) 67.93
Moving Average Converg./Diverg. (MACD) 4.94 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 116.87
Upper Bollinger Band 112.65
Weekly Stochastic Crossing 112.22
Price 111.44
Daily Stochastic Crossing 110.80
20 Day Moving Average 110.26
Parabolic System 109.84
50 Day Moving Average 108.23
Lower Bollinger Band 107.41
Monthly Trendline Support 98.11
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Internet Software & Svcs 92
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 108.72
Low Date 08/03/2018
High 112.33
High Date 08/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.30
Low Date 06/28/2018
High 116.82
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 116.87
Support 98.11
Low 73.33
Low Date 08/14/2017
High 116.82
High Date 07/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.24
Low Date 02/01/2017
High 116.82
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.21
Low Date 08/19/2011
High 116.82
High Date 07/26/2018
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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