The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 10
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading

Century Telephone (CTL)

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Summary:
Weekly :Overbought sectorBroken trend support lineMACD bearish divergence
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBullish Doji CandlestickPrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was the negative week for the Century Telephone (CTL). During the week, the CTL dropped -0.63 points, or -4.34%, and closed at 13.90 on Friday, February 14, 2020. Weekly volume was -7% below average.

CTL is a member of Technology Sector. Technology is the most overbought 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 CTL long-term trend chart]
A long-term uptrend had started on May 23, 2019 at 9.64 and reached 15.30 on February 12, 2020. CTL gained -5.66 points, or -58.71%, in 37 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 12.92 and resistance is at 17.51. 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See CTL medium-term trend chart]
A medium-term uptrend had started on January 6, 2020 at 12.47 and reached 15.30 on February 12, 2020. CTL gained -2.83 points, or -22.69%, in 5 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (14.09) is broken. A broken support is considered to be a long-term bearish signal. 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 CTL weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly 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.

The weekly MACD line is above its signal line since January 17, 2020. 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 CTL short-term trend chart]
A short-term downtrend had started on February 12, 2020 at 15.30 and reached 13.43 on February 13, 2020. CTL lost 1.87 points, or 12.22%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

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.

Price is close to the 50 Day Moving Average. 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.

Candlestick pattern: [See CTL candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.79
Williams' Percentage Range (W%R) 74.90
Lane's Stochastic (%D-Slow) 67.30
Greed/Fear Indicator (GFI) 44.74
Moving Average Converg./Diverg. (MACD) 0.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.17
Williams' Percentage Range (W%R) 34.60
Lane's Stochastic (%D-Slow) 59.46
Greed/Fear Indicator (GFI) 56.54
Moving Average Converg./Diverg. (MACD) 0.33 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 15.31
Parabolic System 15.28
Upper Bollinger Band 15.15
Daily Stochastic Crossing 14.55
Weekly Stochastic Crossing 14.40
20 Day Moving Average 14.37
Weekly Trendline Support 14.09
Price 13.90
50 Day Moving Average 13.77
Lower Bollinger Band 13.24
Monthly Trendline Support 12.92
Sector and Industry
Description Name Rank
Sector Technology 9
Industry Telecom Services/Domestic 25
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 15.30
High Date 02/12/2020
Low 13.43
Low Date 02/13/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 15.31
Support 14.09
Low 12.47
Low Date 01/06/2020
High 15.30
High Date 02/12/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 17.51
Support 12.92
Low 9.64
Low Date 05/23/2019
High 15.30
High Date 02/12/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.43
High Date 08/09/2012
Low 9.64
Low Date 05/23/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.87
High Date 12/21/2010
Low 9.64
Low Date 05/23/2019
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.

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