The Greedy Trader Weekly Analysis
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Century Telephone (CTL)

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Summary:
Weekly :Williams' Percentage Range is strongly overboughtMACD bearish divergenceBroken trend resistance lineTrend resistance at 14.87
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtBearish Harami CandlestickThe price is above the upper Bollinger Band
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It was a fifth positive week after 3 consecutive negative weeks for the Century Telephone (CTL). During the week, the CTL gained 1.47 points, or 11.04%, and closed at 14.79 on Friday, November 8, 2019. Weekly volume was 36% above average.

Long-term trend: [See CTL long-term trend chart]
A long-term downtrend had started on August 21, 2018 at 24.20 and reached 9.64 on May 23, 2019. CTL lost 14.56 points, or 60.17%, in 39 weeks. The chart has formed a Falling Pennant chart pattern. The downtrend resistance line (11.06) 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. CTL 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 CTL medium-term trend chart]
A medium-term uptrend had started on May 23, 2019 at 9.64 and reached 15.05 on November 7, 2019. CTL gained -5.41 points, or -56.12%, in 24 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (14.87). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See CTL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly 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 weekly 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 7, 2019. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CTL short-term trend chart]
A short-term uptrend had started on August 9, 2019 at 10.29 and reached 15.05 on November 7, 2019. CTL gained -4.76 points, or -46.26%, in 90 days. The price is now at the 5.46% retracement level.

Daily Technical Indicators: [See CTL daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since October 16, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.

Candlestick pattern: [See CTL candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.75
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 83.87
Overbought
Greed/Fear Indicator (GFI) 85.48
Overbought
Moving Average Converg./Diverg. (MACD) 0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.38
Williams' Percentage Range (W%R) 5.20
Strong Overbought
Lane's Stochastic (%D-Slow) 64.05
Greed/Fear Indicator (GFI) 74.51
Moving Average Converg./Diverg. (MACD) -0.31 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 14.87
Price 14.79
Upper Bollinger Band 14.75
Daily Stochastic Crossing 14.58
Weekly Stochastic Crossing 13.94
Parabolic System 13.20
20 Day Moving Average 12.99
50 Day Moving Average 12.53
Lower Bollinger Band 11.59
Sector and Industry
Description Name Rank
Sector Technology 6
Industry Telecom Services/Domestic 83
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 10.29
Low Date 08/09/2019
High 15.05
High Date 11/07/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 14.87
Support 11.53
Low 9.64
Low Date 05/23/2019
High 15.05
High Date 11/07/2019
Description Value
Direction Down
Chart Pattern Falling Pennant
Status Broken Resistance
Resistance 8.90
Support 11.06
High 24.20
High Date 08/21/2018
Low 9.64
Low Date 05/23/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.43
High Date 08/09/2012
Low 9.64
Low Date 05/23/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.87
High Date 12/21/2010
Low 9.64
Low Date 05/23/2019
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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