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Monthly Pattern:Broadening Right-Angled, Ascending Wedge
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Chart Analysis and Chart Pattern Recognition – Broadening Formations

Broadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. They start with narrow fluctuations, and then widen out between diverging boundary lines. The pattern, where one of the boundary lines is horizontal, is referred to as a right-angled formation. Broadening formations usually mark the reversal when confirmed by other technical indicators.
Broadening formations Screening page presents a list of stocks forming Broadening formation Pattern.
Tips:
# 1
As a reversal formation, Broadening formation Pattern appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques.

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- 4/26/2024 -
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Federal Realty Investment Trust (FRT) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal line
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It was a third consecutive positive week for the Federal Realty Investment Trust (FRT). During the week, the FRT gained 2.42 points, or 2.43%, and closed at 102.19 on Friday, April 26, 2024. Weekly volume was 15% above average.

Long-term trend: [See FRT long-term trend chart]
A long-term downtrend had started on January 4, 2022 at 140.51 and reached 85.27 on May 25, 2023. FRT lost 55.24 points, or 39.31%, in 72 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (83.67) 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. FRT 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 FRT medium-term trend chart]
A medium-term uptrend had started on May 25, 2023 at 85.27 and reached 107.61 on December 14, 2023. FRT gained -22.34 points, or -26.20%, in 29 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 85.97 and resistance is at 110.74. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is below its signal line since March 15, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See FRT short-term trend chart]
A short-term downtrend had started on March 8, 2024 at 103.49 and reached 95.98 on April 16, 2024. FRT lost 7.51 points, or 7.26%, in 39 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See FRT daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. 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 above its signal line. Such crossover is considered a bullish 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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 53.36
Williams' Percentage Range (W%R) 10.90
Overbought
Lane's Stochastic (%D-Slow) 90.37
Strong Overbought
Greed/Fear Indicator (GFI) 77.61
Moving Average Converg./Diverg. (MACD) 0.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.39
Williams' Percentage Range (W%R) 40.20
Lane's Stochastic (%D-Slow) 49.14
Greed/Fear Indicator (GFI) 53.09
Moving Average Converg./Diverg. (MACD) 1.01
Trading Signals
Description Value Chart
Monthly Trendline Resistance 110.74
Upper Bollinger Band 104.42
Daily Stochastic Crossing 102.95
Price 102.19
50 Day Moving Average 100.31
20 Day Moving Average 100.25
Weekly Stochastic Crossing 99.94
Lower Bollinger Band 96.88
Parabolic System 96.79
Quarterly Trendline Resistance 86.08
Monthly Trendline Support 85.97
Quarterly Trendline Support 83.67
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Retail REITs 32
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 103.49
High Date 03/08/2024
Low 95.98
Low Date 04/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 107.61
High Date 12/14/2023
Low 95.98
Low Date 04/16/2024
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 110.74
Support 85.97
Low 85.27
Low Date 05/25/2023
High 107.61
High Date 12/14/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 86.08
Support 83.67
High 140.51
High Date 01/04/2022
Low 85.27
Low Date 05/25/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 171.08
High Date 07/29/2016
Low 64.11
Low Date 05/14/2020
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.