The Greedy Trader Weekly Analysis
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Alliance Data Systems (ADS)

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend support line
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
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It was the negative week for the Alliance Data Systems (ADS). During the week, the ADS dropped -4.53 points, or -9.56%, and closed at 42.87 on Friday, June 26, 2020. Weekly volume was 10% above average.

ADS is a member of Information Technology Sector. Information Technology is the 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 ADS long-term trend chart]
A long-term downtrend had started on September 21, 2018 at 250.27 and reached 20.51 on March 19, 2020. ADS lost 229.76 points, or 91.80%, in 77 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (73.43) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 support in a long-term trend.

Medium-term trend: [See ADS medium-term trend chart]
A medium-term uptrend had started on March 19, 2020 at 20.51 and reached 66.28 on June 8, 2020. ADS gained -45.77 points, or -223.16%, in 11 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (47.30) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. ADS may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

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

The weekly MACD line is above its signal line since May 22, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See ADS short-term trend chart]
A short-term downtrend had started on June 8, 2020 at 66.28 and reached 42.42 on June 26, 2020. ADS lost 23.86 points, or 36.00%, in 18 days. The chart has formed a Falling Wedge chart pattern.

Daily Technical Indicators: [See ADS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and 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.

The daily MACD line is below its signal line since June 11, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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) 21.35
Williams' Percentage Range (W%R) 86.90
Oversold
Lane's Stochastic (%D-Slow) 11.63
Oversold
Greed/Fear Indicator (GFI) 15.37
Oversold
Moving Average Converg./Diverg. (MACD) 0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.54
Williams' Percentage Range (W%R) 71.50
Lane's Stochastic (%D-Slow) 64.89
Greed/Fear Indicator (GFI) 48.93
Moving Average Converg./Diverg. (MACD) -17.90
Trading Signals
Description Value Chart
Upper Bollinger Band 60.73
Weekly Stochastic Crossing 54.60
Parabolic System 52.23
20 Day Moving Average 51.83
Weekly Trendline Support 47.30
50 Day Moving Average 46.89
Daily Stochastic Crossing 43.79
Price 42.87
Lower Bollinger Band 37.14
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Data Processing & Outsourced Services 92
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
High 66.28
High Date 06/08/2020
Low 42.42
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 71.73
Support 47.30
Low 20.51
Low Date 03/19/2020
High 66.28
High Date 06/08/2020
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 76.60
Support 73.43
High 250.27
High Date 09/21/2018
Low 20.51
Low Date 03/19/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 278.33
High Date 01/12/2018
Low 20.51
Low Date 03/19/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 312.00
High Date 04/23/2015
Low 20.51
Low Date 03/19/2020
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.

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