The Greedy Trader Weekly Analysis
Sign In Aug 7, 2020
Skip Navigation Links
TA Search
Weekly Pattern:Rising Wedge
Number of records: 10
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

How to Trade Rising Wedge Chart Pattern

Rising Wedge Chart PatternA Rising Wedge (or Ascending Wedge) pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.

FMC Corp. (FMC)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal line20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the FMC Corp. (FMC). During the week, the FMC dropped -1.29 points, or -1.20%, and closed at 106.05 on Friday, July 31, 2020. Weekly volume was -64% below average.

FMC is a member of Materials Sector. Materials 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 FMC long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 69.36 and reached 108.77 on February 6, 2020. FMC gained -39.41 points, or -56.82%, in 58 weeks. The price is now at the 6.90% retracement level.

Medium-term trend: [See FMC medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 56.77 and reached 108.74 on July 23, 2020. FMC gained -51.97 points, or -91.54%, in 18 weeks. The price is now at the 5.18% retracement level.

Weekly Technical Indicators: [See FMC weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 15, 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 FMC short-term trend chart]
A short-term uptrend had started on June 15, 2020 at 93.52 and reached 108.74 on July 23, 2020. FMC gained -15.22 points, or -16.27%, in 38 days. The price is now at the 17.67% retracement level.

Daily Technical Indicators: [See FMC daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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 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) 60.26
Williams' Percentage Range (W%R) 27.30
Lane's Stochastic (%D-Slow) 56.06
Greed/Fear Indicator (GFI) 62.99
Moving Average Converg./Diverg. (MACD) 2.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.91
Williams' Percentage Range (W%R) 6.70
Strong Overbought
Lane's Stochastic (%D-Slow) 81.30
Overbought Bearish
Greed/Fear Indicator (GFI) 77.24
Moving Average Converg./Diverg. (MACD) 2.21 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 111.18
Weekly Stochastic Crossing 106.50
Daily Stochastic Crossing 106.29
Price 106.05
20 Day Moving Average 104.79
Parabolic System 103.54
50 Day Moving Average 101.33
Lower Bollinger Band 98.48
Sector and Industry
Description Name Rank
Sector Materials 12
Industry Fertilizers & Agricultural Chemicals 67
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 93.52
Low Date 06/15/2020
High 108.74
High Date 07/23/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.77
Low Date 03/18/2020
High 108.74
High Date 07/23/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.77
High Date 02/06/2020
Low 56.77
Low Date 03/18/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.36
Low Date 12/26/2018
High 108.77
High Date 02/06/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.24
Low Date 02/11/2016
High 108.77
High Date 02/06/2020
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.

Copyright© 2004-2018 All rights reserved.