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Quarterly Pattern:Broadening Right-Angled, Descending Wedge
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Chart Analysis and Chart Pattern Recognition – Broadening Formations

Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
Tips:
# 1
As a reversal formation, Broadening formation 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.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.

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- 4/19/2024 -
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Kohl's Corp. (KSS) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineA Parabolic SAR indicator is below and near the pricePrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the Kohl's Corp. (KSS). During the week, the KSS gained 0.46 points, or 2.02%, and closed at 23.19 on Friday, April 19, 2024. Weekly volume was 7% above average.

Long-term trend: [See KSS long-term trend chart]
A long-term downtrend had started on May 18, 2021 at 64.80 and reached 17.68 on October 13, 2023. KSS lost 47.12 points, or 72.72%, in 125 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 11.03 and resistance is at 63.03. A Broadening Descending 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, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a long-term trend.

Medium-term trend: [See KSS medium-term trend chart]
A medium-term uptrend had started on October 13, 2023 at 17.68 and reached 29.60 on April 1, 2024. KSS gained -11.92 points, or -67.42%, in 24 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (29.07) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. KSS may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See KSS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 28, 2024. Use the following link to access a MACD help.

Short-term trend: [See KSS short-term trend chart]
A short-term downtrend had started on April 1, 2024 at 29.60 and reached 21.43 on April 18, 2024. KSS lost 8.17 points, or 27.60%, in 17 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See KSS daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since April 4, 2024. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (23.34) comes close to the price (23.19). It indicates that the trend is getting weaker. 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) 18.44
Oversold
Williams' Percentage Range (W%R) 84.10
Oversold
Lane's Stochastic (%D-Slow) 18.35
Oversold
Greed/Fear Indicator (GFI) 17.57
Oversold
Moving Average Converg./Diverg. (MACD) -0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.59
Williams' Percentage Range (W%R) 84.10
Oversold
Lane's Stochastic (%D-Slow) 35.53
Greed/Fear Indicator (GFI) 32.29
Moving Average Converg./Diverg. (MACD) 0.58
Trading Signals
Description Value Chart
Upper Bollinger Band 29.13
50 Day Moving Average 26.27
20 Day Moving Average 25.16
Weekly Stochastic Crossing 24.18
Parabolic System 23.34
Price 23.19
Daily Stochastic Crossing 22.04
Lower Bollinger Band 19.80
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Department Stores 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 21.43
Low Date 04/18/2024
High 23.34
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.60
High Date 04/01/2024
Low 21.43
Low Date 04/18/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 29.63
Support 29.07
Low 17.68
Low Date 10/13/2023
High 29.60
High Date 04/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Right-Angled, Descending Wedge
Status Valid
Resistance 63.03
Support 11.03
High 64.80
High Date 05/18/2021
Low 17.68
Low Date 10/13/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.28
High Date 11/12/2018
Low 10.89
Low Date 04/03/2020
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.