The Greedy Trader Weekly Analysis
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Weekly Pattern:Symmetric Triangle
Number of records: 10
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.
A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart 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. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/5/2024 -
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Johnson Controls Inc (JCI) Technical Analysis
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Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.29
Williams' Percentage Range (W%R) 80.00
Lane's Stochastic (%D-Slow) 52.51
Greed/Fear Indicator (GFI) 45.60
Moving Average Converg./Diverg. (MACD) 1.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.93
Williams' Percentage Range (W%R) 80.00
Lane's Stochastic (%D-Slow) 52.51
Greed/Fear Indicator (GFI) 43.90
Moving Average Converg./Diverg. (MACD) 0.32
Trading Signals
Description Value Chart
Parabolic System 66.18
Weekly Stochastic Crossing 65.37
Daily Stochastic Crossing 65.34
Price 65.19
20 Day Moving Average 65.15
50 Day Moving Average 65.15
Upper Bollinger Band 64.34
Lower Bollinger Band 62.70
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Building Products 78
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.82
Low Date 09/27/2022
High 54.09
High Date 10/18/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status
Resistance
Support
High 59.59
High Date 09/12/2022
Low 48.82
Low Date 09/27/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.52
Low Date 07/14/2022
High 59.59
High Date 09/12/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 81.77
High Date 12/31/2021
Low 45.52
Low Date 07/14/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 22.78
Low Date 03/23/2020
High 81.77
High Date 12/31/2021
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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