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

FMC Corp. (FMC)

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Summary:
Weekly :Williams' Percentage Range is overboughtOversold sectorBroken trend resistance line
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal line
Move cursor over the icon to see details.

It was a second consecutive positive week for the FMC Corp. (FMC). During the week, the FMC gained 1.07 points, or 1.24%, and closed at 87.40 on Friday, September 6, 2019. Weekly volume was -25% below average.

FMC is a member of Basic Materials Sector. Basic Materials is the most oversold 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 downtrend had started on January 12, 2018 at 98.70 and reached 69.36 on December 26, 2018. FMC lost 29.34 points, or 29.73%, in 49 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (66.22) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. FMC may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.

Medium-term trend: [See FMC medium-term trend chart]
A medium-term uptrend had started on May 28, 2019 at 70.62 and reached 90.00 on August 9, 2019. FMC gained -19.38 points, or -27.44%, in 10 weeks. The price is now at the 13.42% retracement level.

Weekly Technical Indicators: [See FMC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since June 7, 2019. 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 downtrend had started on August 9, 2019 at 90.00 and reached 82.47 on August 23, 2019. FMC lost 7.53 points, or 8.37%, in 14 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See FMC daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.77
Williams' Percentage Range (W%R) 25.60
Lane's Stochastic (%D-Slow) 80.33
Overbought
Greed/Fear Indicator (GFI) 70.49
Moving Average Converg./Diverg. (MACD) 0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.70
Williams' Percentage Range (W%R) 10.00
Overbought
Lane's Stochastic (%D-Slow) 59.01
Greed/Fear Indicator (GFI) 68.32
Moving Average Converg./Diverg. (MACD) 0.81
Trading Signals
Description Value Chart
Upper Bollinger Band 88.49
Price 87.40
Daily Stochastic Crossing 87.35
Weekly Stochastic Crossing 85.65
20 Day Moving Average 85.47
50 Day Moving Average 84.75
Parabolic System 84.29
Lower Bollinger Band 82.49
Quarterly Trendline Resistance 71.34
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Chemicals-Major Diversifd 77
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 90.00
High Date 08/09/2019
Low 82.47
Low Date 08/23/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.62
Low Date 05/28/2019
High 90.00
High Date 08/09/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.36
Low Date 12/26/2018
High 90.74
High Date 03/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 71.34
Support 66.22
High 98.70
High Date 01/12/2018
Low 69.36
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.24
Low Date 02/11/2016
High 98.70
High Date 01/12/2018
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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