The Greedy Trader Weekly Analysis
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Number of records: 5
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Century Telephone
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Summary:
Weekly :Trend support at 21.44
Daily :Price has crossed above the 50 Day Moving AverageThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Century Telephone (CTL). During the week, the CTL gained 0.66 points, or 3.11%, and closed at 21.86 on Friday, October 05, 2018. Weekly volume was -23% below average.

Long-term trend: [See CTL long-term trend chart]
A long-term downtrend had started on December 21, 2010 at 46.87 and reached 13.16 on November 28, 2017. CTL lost 33.71 points, or 71.92%, in 362 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The price is near the trend support (21.44) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.

Medium-term trend: [See CTL medium-term trend chart]
A medium-term downtrend had started on July 29, 2014 at 45.67 and reached 13.16 on November 28, 2017. CTL lost 32.51 points, or 71.18%, in 174 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 7.66 and resistance is at 24.43. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CTL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 22, 2017. Use the following link to access a MACD help.

Short-term trend: [See CTL short-term trend chart]
A short-term downtrend had started on September 18, 2018 at 23.23 and reached 20.55 on September 26, 2018. CTL lost 2.68 points, or 11.54%, in 8 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern.

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

The daily MACD line is below its signal line since August 28, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The price is close to 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 advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.30
Williams' Percentage Range (W%R) 48.50
Lane's Stochastic (%D-Slow) 53.04
Greed/Fear Indicator (GFI) 48.28
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.53
Williams' Percentage Range (W%R) 32.80
Lane's Stochastic (%D-Slow) 64.25
Greed/Fear Indicator (GFI) 62.06
Moving Average Converg./Diverg. (MACD) 0.87
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 24.43
Upper Bollinger Band 23.38
Weekly Stochastic Crossing 22.94
Parabolic System 22.31
20 Day Moving Average 22.13
Price 21.86
50 Day Moving Average 21.60
Daily Stochastic Crossing 21.51
Yearly Trendline Support 21.44
Monthly Trendline Resistance 20.59
Lower Bollinger Band 20.40
Monthly Trendline Support 19.81
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Telecom Services/Domestic 118
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
High 23.23
High Date 09/18/2018
Low 20.55
Low Date 09/26/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.29
Low Date 06/08/2018
High 24.20
High Date 08/21/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 20.59
Support 19.81
Low 13.16
Low Date 11/28/2017
High 24.20
High Date 08/21/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 24.43
Support 7.66
High 45.67
High Date 07/29/2014
Low 13.16
Low Date 11/28/2017
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Test Support
Resistance 43.59
Support 21.44
High 46.87
High Date 12/21/2010
Low 13.16
Low Date 11/28/2017
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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