The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Wedge
Number of records: 8
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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 strongly overboughtMACD bearish divergenceOversold sectorWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was a third consecutive positive week for the FMC Corp. (FMC). During the week, the FMC gained 2.69 points, or 2.83%, and closed at 97.70 on Friday, November 8, 2019. Weekly volume was -27% below average.

FMC is a member of Basic Materials Sector. Basic Materials is the second 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 (65.42) 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 98.17 on November 6, 2019. FMC gained -27.55 points, or -39.01%, in 23 weeks. Price is near the trend high.

Weekly Technical Indicators: [See FMC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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. Use the following link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 October 9, 2019 at 78.90 and reached 98.17 on November 6, 2019. FMC gained -19.27 points, or -24.42%, in 28 days. Price is near the trend high.

Daily Technical Indicators: [See FMC daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since October 16, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands is 105.09% higher then one year average. It indicates the period of high volatility of the stock price. 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.

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) 88.69
Overbought
Williams' Percentage Range (W%R) 8.20
Strong Overbought
Lane's Stochastic (%D-Slow) 95.89
Strong Overbought
Greed/Fear Indicator (GFI) 92.14
Strong Overbought
Moving Average Converg./Diverg. (MACD) 2.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.03
Williams' Percentage Range (W%R) 7.10
Strong Overbought
Lane's Stochastic (%D-Slow) 49.19
Greed/Fear Indicator (GFI) 67.70
Moving Average Converg./Diverg. (MACD) 1.36 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 102.28
Price 97.70
Daily Stochastic Crossing 97.69
Parabolic System 91.43
Weekly Stochastic Crossing 90.22
20 Day Moving Average 88.18
50 Day Moving Average 87.10
Lower Bollinger Band 78.07
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Chemicals-Major Diversifd 107
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 78.90
Low Date 10/09/2019
High 98.17
High Date 11/06/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.62
Low Date 05/28/2019
High 98.17
High Date 11/06/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.36
Low Date 12/26/2018
High 98.17
High Date 11/06/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 68.36
Support 65.42
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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