The Greedy Trader Weekly Analysis
Sign In May 18, 2018
Skip Navigation Links
   Home
   AnalysisExpand    Analysis
   AlertsExpand    Alerts
   IndustriesExpand    Industries
   Stock PickExpand    Stock Pick
   MembersExpand    Members
   ResourcesExpand    Resources
   About UsExpand    About Us
Number of records: 8
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
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
Archive
- 5/11/2018
Sign In to see current Signals.
Citrix Systems
Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed below the 50 Day Moving AverageThe price has risen above the Parabolic SARTrend resistance at 107.55The period of high volatility of the stock price
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Citrix Systems (CTXS). During the week, the CTXS gained 2.24 points, or 2.13%, and closed at 107.47 on Friday, May 11, 2018. Weekly volume was 42% above average.

CTXS is a member of Technology Sector. Technology is the second 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 CTXS long-term trend chart]
A long-term uptrend had started on February 1, 2017 at 70.24 and reached 108.42 on May 10, 2018. CTXS gained -38.18 points, or -54.36%, in 66 weeks. Price is near the trend high.

Medium-term trend: [See CTXS medium-term trend chart]
A medium-term uptrend had started on August 14, 2017 at 73.33 and reached 108.42 on May 10, 2018. CTXS gained -35.09 points, or -47.85%, in 38 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (89.00) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See CTXS weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 April 13, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CTXS short-term trend chart]
A short-term uptrend had started on April 4, 2018 at 90.32 and reached 108.42 on May 10, 2018. CTXS gained -18.10 points, or -20.04%, in 36 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (107.55). 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 short-term trend.

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

The daily MACD line is above its signal line since April 11, 2018. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The distance between the Bollinger Bands is 115.02% higher then one year average. It indicates the period of high volatility of the stock price. 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 87.02
Overbought
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 93.92
Strong Overbought
Greed/Fear Indicator (GFI) 92.87
Strong Overbought
Moving Average Converg./Diverg. (MACD) 3.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.25
Williams' Percentage Range (W%R) 1.40
Strong Overbought
Lane's Stochastic (%D-Slow) 88.98
Overbought
Greed/Fear Indicator (GFI) 85.45
Overbought
Moving Average Converg./Diverg. (MACD) 3.20
Trading Signals
Description Value Chart
Upper Bollinger Band 111.38
Daily Stochastic Crossing 108.04
Weekly Trendline Resistance 107.55
Price 107.47
Weekly Stochastic Crossing 107.02
Parabolic System 104.91
Monthly Trendline Resistance 104.10
20 Day Moving Average 101.98
50 Day Moving Average 96.96
Weekly Trendline Support 96.67
Lower Bollinger Band 93.68
Monthly Trendline Support 89.00
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Internet Software & Svcs 141
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 93.91
Low Date 04/25/2018
High 108.42
High Date 05/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 107.55
Support 96.67
Low 90.32
Low Date 04/04/2018
High 108.42
High Date 05/10/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 104.10
Support 89.00
Low 73.33
Low Date 08/14/2017
High 108.42
High Date 05/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.24
Low Date 02/01/2017
High 108.42
High Date 05/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.21
Low Date 08/19/2011
High 108.42
High Date 05/10/2018
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.

Copyright© 2004-2016 All rights reserved.