The Greedy Trader Weekly Analysis
Sign In May 10, 2024
Skip Navigation Links
TA Search
Share
Monthly Pattern:Falling Wedge
Number of records: 8
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.

A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.

Related Links

Advanced TA Search

Archive
- 5/3/2024 -
Sign In to see current Signals.

Capri Hold (CPRI) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a first positive week after 4 consecutive negative weeks for the Capri Hold (CPRI). During the week, the CPRI climbed 0.14 points, or 0.39%, and closed at 35.68 on Friday, May 3, 2024. It was the best weekly gain since March 8, 2024. Weekly volume was -39% below average.

Long-term trend: [See CPRI long-term trend chart]
A long-term uptrend had started on July 6, 2023 at 34.17 and reached 54.52 on August 10, 2023. CPRI gained -20.35 points, or -59.56%, in 5 weeks. The price is now at the 92.58% retracement level.

Medium-term trend: [See CPRI medium-term trend chart]
A medium-term downtrend had started on August 10, 2023 at 54.52 and reached 34.30 on April 25, 2024. CPRI lost 20.22 points, or 37.09%, in 37 weeks. The price is now at the 6.82% retracement level.

Weekly Technical Indicators: [See CPRI weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since November 17, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See CPRI short-term trend chart]
A short-term downtrend had started on March 18, 2024 at 46.91 and reached 34.30 on April 25, 2024. CPRI lost 12.61 points, or 26.88%, in 38 days. The price is now at the 10.94% retracement level.

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

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.

The distance between the Bollinger Bands is 144.42% higher then one year average. It indicates the period of high volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.88
Williams' Percentage Range (W%R) 89.70
Oversold
Lane's Stochastic (%D-Slow) 28.39
Greed/Fear Indicator (GFI) 22.19
Moving Average Converg./Diverg. (MACD) -2.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 10.10
Oversold
Williams' Percentage Range (W%R) 94.00
Strong Oversold
Lane's Stochastic (%D-Slow) 6.97
Strong Oversold
Greed/Fear Indicator (GFI) 14.42
Oversold
Moving Average Converg./Diverg. (MACD) -1.05
Trading Signals
Description Value Chart
Upper Bollinger Band 43.74
50 Day Moving Average 42.70
20 Day Moving Average 38.03
Price 35.68
Weekly Stochastic Crossing 35.09
Daily Stochastic Crossing 34.90
Parabolic System 34.33
Lower Bollinger Band 32.41
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 3
Industry Apparel, Accessories & Luxury Goods 11
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.91
High Date 03/18/2024
Low 34.30
Low Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.23
High Date 01/11/2024
Low 34.30
Low Date 04/25/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.52
High Date 08/10/2023
Low 34.30
Low Date 04/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.17
Low Date 07/06/2023
High 54.52
High Date 08/10/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.37
High Date 02/10/2022
Low 34.17
Low Date 07/06/2023
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.