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

General Motors (GM)

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtMACD bearish divergenceThe price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the General Motors (GM). During the week, the GM gained 0.70 points, or 1.84%, and closed at 38.67 on Friday, November 8, 2019. Weekly volume was -40% below average.

Long-term trend: [See GM long-term trend chart]
A long-term uptrend had started on October 24, 2018 at 30.56 and reached 41.90 on August 1, 2019. GM gained -11.34 points, or -37.11%, in 40 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 34.96 and resistance is at 42.17. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.

Medium-term trend: [See GM medium-term trend chart]
A medium-term downtrend had started on August 1, 2019 at 41.90 and reached 33.71 on October 8, 2019. GM lost 8.19 points, or 19.55%, in 9 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (31.66) 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. GM 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 medium-term trend.

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

The weekly MACD line is below its signal line since August 16, 2019. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See GM short-term trend chart]
A short-term uptrend had started on October 8, 2019 at 33.71 and reached 38.90 on November 7, 2019. GM gained -5.19 points, or -15.40%, in 30 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 37.73 and resistance is at 40.26. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See GM daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily 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 daily 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 daily MACD line is above its signal line since October 14, 2019. This is an indication that the short-term trend is up.

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 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) 69.74
Williams' Percentage Range (W%R) 12.90
Overbought
Lane's Stochastic (%D-Slow) 85.05
Overbought
Greed/Fear Indicator (GFI) 80.64
Overbought
Moving Average Converg./Diverg. (MACD) 0.32 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.13
Williams' Percentage Range (W%R) 42.50
Lane's Stochastic (%D-Slow) 47.41
Greed/Fear Indicator (GFI) 52.94
Moving Average Converg./Diverg. (MACD) -0.15
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 42.17
Weekly Trendline Resistance 40.26
Upper Bollinger Band 39.43
Parabolic System 38.94
Price 38.67
Daily Stochastic Crossing 38.57
Weekly Trendline Support 37.73
20 Day Moving Average 37.11
50 Day Moving Average 37.09
Monthly Trendline Resistance 36.71
Weekly Stochastic Crossing 36.62
Lower Bollinger Band 35.32
Quarterly Trendline Support 34.96
Monthly Trendline Support 31.66
Sector and Industry
Description Name Rank
Sector Consumer Goods 3
Industry Auto Manufacturers/Major 32
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 36.86
Low Date 10/31/2019
High 38.90
High Date 11/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 40.26
Support 37.73
Low 33.71
Low Date 10/08/2019
High 38.90
High Date 11/07/2019
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 36.71
Support 31.66
High 41.90
High Date 08/01/2019
Low 33.71
Low Date 10/08/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 42.17
Support 34.96
Low 30.56
Low Date 10/24/2018
High 41.90
High Date 08/01/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.62
Low Date 08/24/2015
High 46.76
High Date 10/24/2017
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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