The Greedy Trader Weekly Analysis
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Weekly Pattern:Symmetric Triangle
Number of records: 4
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.

A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/26/2024 -
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Church & Dwight (CHD) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtRelative Strength Index and MACD bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overbought
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It was a second positive week after 3 consecutive negative weeks for the Church & Dwight (CHD). During the week, the CHD gained 1.97 points, or 1.89%, and closed at 106.32 on Friday, April 26, 2024. Weekly volume was -27% below average.

Long-term trend: [See CHD long-term trend chart]
A long-term uptrend had started on October 10, 2022 at 70.16 and reached 108.10 on April 25, 2024. CHD gained -37.94 points, or -54.08%, in 80 weeks. Price is near the trend high.

Medium-term trend: [See CHD medium-term trend chart]
A medium-term uptrend had started on November 3, 2023 at 82.25 and reached 108.10 on April 25, 2024. CHD gained -25.85 points, or -31.43%, in 24 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 102.47 and resistance is at 110.29. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CHD weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index 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 links to access Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 29, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See CHD short-term trend chart]
A short-term uptrend had started on April 9, 2024 at 100.66 and reached 108.10 on April 25, 2024. CHD gained -7.44 points, or -7.39%, in 16 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 100.83 and resistance is at 108.60. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CHD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.07
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 86.64
Overbought
Greed/Fear Indicator (GFI) 81.73
Overbought
Moving Average Converg./Diverg. (MACD) 0.64
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.65
Bearish
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 76.08
Greed/Fear Indicator (GFI) 75.87
Moving Average Converg./Diverg. (MACD) 2.47 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 110.29
Weekly Trendline Resistance 108.60
Upper Bollinger Band 108.36
Daily Stochastic Crossing 107.27
Price 106.32
Weekly Stochastic Crossing 105.87
Parabolic System 104.53
20 Day Moving Average 103.75
50 Day Moving Average 102.77
Monthly Trendline Support 102.47
Weekly Trendline Support 100.83
Lower Bollinger Band 100.29
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Household Products 90
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 108.10
High Date 04/25/2024
Low 106.31
Low Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 108.60
Support 100.83
Low 100.66
Low Date 04/09/2024
High 108.10
High Date 04/25/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 110.29
Support 102.47
Low 82.25
Low Date 11/03/2023
High 108.10
High Date 04/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.16
Low Date 10/10/2022
High 108.10
High Date 04/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.56
Low Date 12/01/2016
High 108.10
High Date 04/25/2024
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.