The Greedy Trader Weekly Analysis
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Number of records: 6
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Uptrend Exhaustion
Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend
Citrix Systems
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Summary:
Weekly :Lane's Stochastic and MACD bearish divergenceWeekly  MACD line has moved below its signal linePrice is near the Fibonacci 38.2% retracement level
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Citrix Systems (CTXS). During the week, the CTXS dropped -3.06 points, or -2.68%, and closed at 110.96 on Friday, September 07, 2018. It was the worst weekly loss since March 23, 2018. Weekly volume was -19% below average.

Long-term trend: [See CTXS long-term trend chart]
A long-term uptrend had started on August 14, 2017 at 73.33 and reached 116.82 on July 26, 2018. CTXS gained -43.49 points, or -59.31%, in 49 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 100.03 and resistance is at 119.94. 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 long-term trend.

Medium-term trend: [See CTXS medium-term trend chart]
A medium-term uptrend had started on June 28, 2018 at 102.30 and reached 116.82 on July 26, 2018. CTXS gained -14.52 points, or -14.19%, in 4 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See CTXS weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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 Lane's Stochastic help.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See CTXS short-term trend chart]
A short-term downtrend had started on August 29, 2018 at 114.55 and reached 110.54 on September 7, 2018. CTXS lost 4.01 points, or 3.50%, in 9 days. The price is now at the 10.47% retracement level.

Daily Technical Indicators: [See CTXS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. 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) 50.68
Williams' Percentage Range (W%R) 49.00
Lane's Stochastic (%D-Slow) 46.24
Greed/Fear Indicator (GFI) 49.31
Moving Average Converg./Diverg. (MACD) 0.90
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.27
Williams' Percentage Range (W%R) 21.50
Lane's Stochastic (%D-Slow) 66.26
Bearish
Greed/Fear Indicator (GFI) 66.89
Moving Average Converg./Diverg. (MACD) 4.92 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 119.94
Parabolic System 114.43
Upper Bollinger Band 114.36
Weekly Stochastic Crossing 113.76
20 Day Moving Average 112.26
Daily Stochastic Crossing 111.99
Price 110.96
50 Day Moving Average 110.29
Lower Bollinger Band 109.90
Monthly Trendline Support 100.03
Sector and Industry
Description Name Rank
Sector Technology 5
Industry Internet Software & Svcs 85
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 114.55
High Date 08/29/2018
Low 110.54
Low Date 09/07/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 102.30
Low Date 06/28/2018
High 116.82
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 119.94
Support 100.03
Low 73.33
Low Date 08/14/2017
High 116.82
High Date 07/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.24
Low Date 02/01/2017
High 116.82
High Date 07/26/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.21
Low Date 08/19/2011
High 116.82
High Date 07/26/2018
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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