The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 8
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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 :Williams' Percentage Range is oversoldBroken trend support linePrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the Ford Motor (F). During the week, the F gained 0.17 points, or 1.95%, and closed at 8.89 on Friday, November 1, 2019. Weekly volume was 1423% above average.

Long-term trend: [See F long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 7.41 and reached 10.56 on July 15, 2019. F gained -3.15 points, or -42.51%, in 28 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (11.25) 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. F 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 long-term trend.

Medium-term trend: [See F medium-term trend chart]
A medium-term downtrend had started on July 15, 2019 at 10.56 and reached 8.44 on October 2, 2019. F lost 2.12 points, or 20.08%, in 11 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since July 26, 2019. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See F short-term trend chart]
A short-term downtrend had started on October 18, 2019 at 9.32 and reached 8.50 on October 31, 2019. F lost 0.82 points, or 8.80%, in 13 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See F daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since October 24, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has moved above 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) 51.57
Williams' Percentage Range (W%R) 82.90
Oversold
Lane's Stochastic (%D-Slow) 17.81
Oversold
Greed/Fear Indicator (GFI) 28.82
Moving Average Converg./Diverg. (MACD) -0.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.10
Williams' Percentage Range (W%R) 90.60
Strong Oversold
Lane's Stochastic (%D-Slow) 30.42
Greed/Fear Indicator (GFI) 28.27
Moving Average Converg./Diverg. (MACD) -0.10
Trading Signals
Description Value Chart
Monthly Trendline Resistance 10.65
Upper Bollinger Band 9.32
Parabolic System 9.10
50 Day Moving Average 9.00
Price 8.89
20 Day Moving Average 8.82
Weekly Stochastic Crossing 8.82
Daily Stochastic Crossing 8.64
Lower Bollinger Band 8.36
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Auto Manufacturers/Major 15
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 9.32
High Date 10/18/2019
Low 8.50
Low Date 10/31/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 10.56
High Date 07/15/2019
Low 8.44
Low Date 10/02/2019
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 10.65
Support 11.25
Low 7.41
Low Date 12/26/2018
High 10.56
High Date 07/15/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.12
High Date 07/24/2014
Low 7.41
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.97
High Date 01/13/2011
Low 7.41
Low Date 12/26/2018
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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