The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 10
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling 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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- 3/15/2024 -
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Crown Castle Intl Corp (CCI) Technical Analysis

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Summary:
Weekly :Trend resistance at 103.78Trend support at 105.33
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversold20 Day Moving Average has crossed above the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Crown Castle Intl Corp (CCI). During the week, the CCI dropped -7.15 points, or -6.33%, and closed at 105.77 on Friday, March 15, 2024. It was the worst weekly loss since October 20, 2023. Weekly volume was -34% below average.

Long-term trend: [See CCI long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 209.87 and reached 84.72 on October 23, 2023. CCI lost 125.15 points, or 59.63%, in 94 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (103.78). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See CCI medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 103.40 and reached 114.75 on March 5, 2024. CCI gained -11.35 points, or -10.98%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (105.33) 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 medium-term trend.

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

The weekly MACD line is above its signal line since October 27, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CCI short-term trend chart]
A short-term downtrend had started on March 5, 2024 at 114.75 and reached 104.61 on March 14, 2024. CCI lost 10.14 points, or 8.84%, in 9 days. The price is now at the 11.44% retracement level.

Daily Technical Indicators: [See CCI daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly 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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below 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 20 Day Moving Average 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) 49.56
Williams' Percentage Range (W%R) 92.30
Strong Oversold
Lane's Stochastic (%D-Slow) 34.72
Greed/Fear Indicator (GFI) 30.65
Moving Average Converg./Diverg. (MACD) 0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.05
Williams' Percentage Range (W%R) 41.70
Lane's Stochastic (%D-Slow) 41.50
Greed/Fear Indicator (GFI) 48.43
Moving Average Converg./Diverg. (MACD) -0.06
Trading Signals
Description Value Chart
Monthly Trendline Resistance 118.21
Parabolic System 114.66
Upper Bollinger Band 114.14
20 Day Moving Average 109.44
50 Day Moving Average 109.37
Weekly Stochastic Crossing 108.68
Daily Stochastic Crossing 106.96
Price 105.77
Monthly Trendline Support 105.33
Lower Bollinger Band 104.67
Yearly Trendline Resistance 103.78
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Specialized REITs 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 113.99
High Date 03/08/2024
Low 104.61
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 114.75
High Date 03/05/2024
Low 104.61
Low Date 03/14/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 118.21
Support 105.33
Low 103.40
Low Date 02/13/2024
High 114.75
High Date 03/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 84.72
Low Date 10/23/2023
High 119.50
High Date 12/05/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 103.78
Support 59.19
High 209.87
High Date 12/31/2021
Low 84.72
Low Date 10/23/2023
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.