The Greedy Trader Weekly Analysis
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Citrix Systems
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineTrend resistance at 104.82
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Citrix Systems (CTXS). During the week, the CTXS dropped -2.13 points, or -1.98%, and closed at 105.34 on Friday, May 18, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was 6% above average.

CTXS is a member of Technology Sector. Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CTXS long-term trend chart]
A long-term uptrend had started on August 14, 2017 at 73.33 and reached 108.42 on May 10, 2018. CTXS gained -35.09 points, or -47.85%, in 38 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (104.82). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See CTXS medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 90.32 and reached 108.42 on May 10, 2018. CTXS gained -18.10 points, or -20.04%, in 5 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 97.80 and resistance is at 111.82. 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 Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range 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 near its 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 downtrend had started on May 10, 2018 at 108.42 and reached 104.75 on May 18, 2018. CTXS lost 3.67 points, or 3.38%, in 8 days. The price is now at the 16.08% retracement level.

Daily Technical Indicators: [See CTXS daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.92
Williams' Percentage Range (W%R) 18.80
Overbought
Lane's Stochastic (%D-Slow) 41.20
Greed/Fear Indicator (GFI) 62.10
Moving Average Converg./Diverg. (MACD) 2.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.69
Williams' Percentage Range (W%R) 11.00
Overbought
Lane's Stochastic (%D-Slow) 91.10
Strong Overbought
Greed/Fear Indicator (GFI) 81.53
Overbought
Moving Average Converg./Diverg. (MACD) 3.50
Trading Signals
Description Value Chart
Weekly Trendline Resistance 111.82
Upper Bollinger Band 110.90
Parabolic System 107.91
Weekly Stochastic Crossing 106.83
Daily Stochastic Crossing 106.00
Price 105.34
Monthly Trendline Resistance 104.82
20 Day Moving Average 104.19
50 Day Moving Average 98.21
Weekly Trendline Support 97.80
Lower Bollinger Band 96.71
Monthly Trendline Support 89.43
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Internet Software & Svcs 140
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 108.42
High Date 05/10/2018
Low 104.75
Low Date 05/18/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 111.82
Support 97.80
Low 90.32
Low Date 04/04/2018
High 108.42
High Date 05/10/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 104.82
Support 89.43
Low 73.33
Low Date 08/14/2017
High 108.42
High Date 05/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.24
Low Date 02/01/2017
High 108.42
High Date 05/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.21
Low Date 08/19/2011
High 108.42
High Date 05/10/2018
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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