The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 7
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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.
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Ford Motor (F)

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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe 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 Ford Motor (F). During the week, the F dropped -0.27 points, or -3.92%, and closed at 6.61 on Friday, July 31, 2020. Weekly volume was -8% below average.

Long-term trend: [See F long-term trend chart]
A long-term downtrend had started on July 15, 2019 at 10.56 and reached 3.96 on March 23, 2020. F lost 6.60 points, or 62.5%, in 36 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See F medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 3.96 and reached 7.74 on June 8, 2020. F gained -3.78 points, or -95.45%, in 11 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 6.09 and resistance is at 9.13. 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 medium-term trend.

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

The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See F short-term trend chart]
A short-term uptrend had started on July 10, 2020 at 5.74 and reached 7.06 on July 23, 2020. F gained -1.32 points, or -23.00%, in 13 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See F daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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. Use the following links to access Lane's Stochastic and 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.10
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 57.27
Greed/Fear Indicator (GFI) 69.50
Moving Average Converg./Diverg. (MACD) 0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.95
Williams' Percentage Range (W%R) 22.50
Lane's Stochastic (%D-Slow) 56.08
Greed/Fear Indicator (GFI) 64.05
Moving Average Converg./Diverg. (MACD) -0.52
Trading Signals
Description Value Chart
Upper Bollinger Band 7.34
Parabolic System 7.05
Weekly Stochastic Crossing 6.91
Daily Stochastic Crossing 6.80
Price 6.61
20 Day Moving Average 6.57
50 Day Moving Average 6.37
Weekly Trendline Support 6.09
Lower Bollinger Band 5.89
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Automobile Manufacturers 39
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 5.74
Low Date 07/10/2020
High 7.06
High Date 07/23/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 9.13
Support 6.09
Low 3.96
Low Date 03/23/2020
High 7.74
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 10.56
High Date 07/15/2019
Low 3.96
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.12
High Date 07/24/2014
Low 3.96
Low Date 03/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.97
High Date 01/13/2011
Low 3.96
Low Date 03/23/2020
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.

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