The Greedy Trader Weekly Analysis
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Number of records: 4
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Gap (The)
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Summary:
Weekly :Overbought sector
Daily :Lane's Stochastic is overboughtPrice has crossed above the 50 Day Moving AverageThe period of low volatility of the stock price
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It was a second consecutive positive week for the Gap (The) (GPS). During the week, the GPS gained 0.98 points, or 3.23%, and closed at 31.33 on Friday, August 10, 2018. It was the best weekly gain since June 22, 2018. Weekly volume was -48% below average.

GPS is a member of Services Sector. Services is the second 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 GPS long-term trend chart]
A long-term uptrend had started on May 18, 2016 at 17.00 and reached 35.68 on January 23, 2018. GPS gained -18.68 points, or -109.88%, in 87 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 25.63 and resistance is at 37.22. 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 long-term trend.

Medium-term trend: [See GPS medium-term trend chart]
A medium-term downtrend had started on January 23, 2018 at 35.68 and reached 27.58 on May 30, 2018. GPS lost 8.10 points, or 22.70%, in 18 weeks. The price is now at the 46.30% retracement level.

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

The weekly MACD line is below its signal line since July 6, 2018. 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 GPS short-term trend chart]
A short-term uptrend had started on July 16, 2018 at 28.96 and reached 31.66 on August 10, 2018. GPS gained -2.70 points, or -9.32%, in 25 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See GPS 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. 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 Lane's Stochastic help.

The daily MACD line is above its signal line since August 1, 2018. This is an indication that the short-term trend is up.

The distance between the Bollinger Bands is falling, and it was 7.02% on Friday. It is 51.80% lower than one year average. It indicates the period of low 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 price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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) 61.31
Williams' Percentage Range (W%R) 24.40
Lane's Stochastic (%D-Slow) 86.98
Overbought
Greed/Fear Indicator (GFI) 74.62
Moving Average Converg./Diverg. (MACD) -0.23
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.73
Williams' Percentage Range (W%R) 48.40
Lane's Stochastic (%D-Slow) 36.52
Greed/Fear Indicator (GFI) 45.91
Moving Average Converg./Diverg. (MACD) 0.21
Trading Signals
Description Value Chart
Yearly Trendline Resistance 37.22
Upper Bollinger Band 31.65
Daily Stochastic Crossing 31.34
Price 31.33
50 Day Moving Average 31.16
Weekly Stochastic Crossing 30.84
20 Day Moving Average 30.19
Parabolic System 30.09
Lower Bollinger Band 29.43
Yearly Trendline Support 25.63
Sector and Industry
Description Name Rank
Sector Services 8
Industry Apparel Stores 113
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 28.96
Low Date 07/16/2018
High 31.66
High Date 08/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.21
High Date 06/22/2018
Low 28.96
Low Date 07/16/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 27.58
Low Date 05/30/2018
High 34.21
High Date 06/22/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 35.68
High Date 01/23/2018
Low 27.58
Low Date 05/30/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 37.22
Support 25.63
Low 17.00
Low Date 05/18/2016
High 35.68
High Date 01/23/2018
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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