The Greedy Trader Weekly Analysis
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Yearly Pattern:Ascending Triangle
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Ascending Triangle Pattern

The ascending triangle pattern is a variation of symmetrical triangle formation that has a flat resistance line and a rising support line. The higher lows indicate the increasing demand and give the ascending triangle definitive bullish bias. The ascending triangle usually represents an accumulation stage in bullish market. The ascending triangle is considered as a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Volume usually increases on a breakout move. After breakout (similar to rectangle), resistance may turn into potential support and vice versa.
Ascending Triangle Screening page presents a list of stocks forming an Ascending Triangle Pattern.
Tips:
# 1As a continuation pattern, an ascending triangle usually appears within a young trend, characterized by neutral long-term indicators and overbought short-term indicators. An ascending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, an ascending triangle appears in a mature downtrend, characterized by oversold short-term and long-term indicators. This situation usually generates bullish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 5/10/2024 -
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Kohl's Corp. (KSS) Technical Analysis

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Summary:
Weekly :Oversold sector
Daily :A Parabolic SAR indicator is above and near the price
Move cursor over the icon to see details.

It was the negative week for the Kohl's Corp. (KSS). During the week, the KSS dropped -0.25 points, or -1.03%, and closed at 23.93 on Friday, May 10, 2024. Weekly volume was -19% below average.

KSS is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold 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 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 10.25 and resistance is at 62.99. 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 price is now at the 47.57% retracement level.

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

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 uptrend had started on April 18, 2024 at 21.43 and reached 25.90 on April 23, 2024. KSS gained -4.47 points, or -20.86%, in 5 days. The price is now at the 44.07% retracement level.

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

The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

A Parabolic SAR (stop and reversal) indicator (23.71) comes close to the price (23.93). 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) 42.86
Williams' Percentage Range (W%R) 40.30
Lane's Stochastic (%D-Slow) 31.70
Greed/Fear Indicator (GFI) 44.76
Moving Average Converg./Diverg. (MACD) -0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.94
Williams' Percentage Range (W%R) 67.30
Lane's Stochastic (%D-Slow) 24.80
Greed/Fear Indicator (GFI) 34.07
Moving Average Converg./Diverg. (MACD) 0.26
Trading Signals
Description Value Chart
Upper Bollinger Band 26.16
50 Day Moving Average 25.30
Daily Stochastic Crossing 23.97
Price 23.93
20 Day Moving Average 23.85
Weekly Stochastic Crossing 23.80
Parabolic System 23.71
Lower Bollinger Band 22.38
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 2
Industry Department Stores 44
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 21.43
Low Date 04/18/2024
High 25.90
High Date 04/23/2024
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 Uptrend
Status
Resistance
Support
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 62.99
Support 10.25
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.