The Greedy Trader Weekly Analysis
Sign In Dec 6, 2019
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Number of records: 10
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Downtrend Broken Resistance
Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance

Century Telephone (CTL)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :The price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the Century Telephone (CTL). During the week, the CTL dropped -0.48 points, or -3.21%, and closed at 14.49 on Friday, November 29, 2019. Weekly volume was -32% below average.

Long-term trend: [See CTL long-term trend chart]
A long-term downtrend had started on August 9, 2012 at 43.43 and reached 9.64 on May 23, 2019. CTL lost 33.79 points, or 77.80%, in 354 weeks. The price is now at the 14.35% retracement level.

Medium-term trend: [See CTL medium-term trend chart]
A medium-term uptrend had started on May 23, 2019 at 9.64 and reached 15.29 on November 18, 2019. CTL gained -5.65 points, or -58.61%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 11.77 and resistance is at 15.32. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CTL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 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 15.29 on November 18, 2019. CTL gained -5.00 points, or -48.59%, in 101 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 12.12 and resistance is at 15.58. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CTL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 21, 2019.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.64
Williams' Percentage Range (W%R) 40.00
Lane's Stochastic (%D-Slow) 34.60
Greed/Fear Indicator (GFI) 46.41
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.56
Williams' Percentage Range (W%R) 19.20
Overbought
Lane's Stochastic (%D-Slow) 85.92
Overbought
Greed/Fear Indicator (GFI) 75.46
Moving Average Converg./Diverg. (MACD) -0.01
Trading Signals
Description Value Chart
Weekly Trendline Resistance 15.58
Upper Bollinger Band 15.51
Monthly Trendline Resistance 15.32
Parabolic System 15.22
Weekly Stochastic Crossing 14.88
20 Day Moving Average 14.57
Daily Stochastic Crossing 14.53
Price 14.49
50 Day Moving Average 13.21
Lower Bollinger Band 13.20
Weekly Trendline Support 12.12
Monthly Trendline Support 11.77
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Telecom Services/Domestic 48
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 11.25
Low Date 10/08/2019
High 15.29
High Date 11/18/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 15.58
Support 12.12
Low 10.29
Low Date 08/09/2019
High 15.29
High Date 11/18/2019
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 15.32
Support 11.77
Low 9.64
Low Date 05/23/2019
High 15.29
High Date 11/18/2019
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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