The Greedy Trader Weekly Analysis
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Number of records: 3
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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 :
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Citrix Systems (CTXS). During the week, the CTXS dropped -1.60 points, or -1.47%, and closed at 107.37 on Friday, December 07, 2018. Weekly volume was 39% above average.

Long-term trend: [See CTXS long-term trend chart]
A long-term uptrend had started on February 1, 2017 at 70.24 and reached 116.82 on July 26, 2018. CTXS gained -46.58 points, or -66.32%, in 77 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.99 and resistance is at 124.57. 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 downtrend had started on July 26, 2018 at 116.82 and reached 97.88 on October 26, 2018. CTXS lost 18.94 points, or 16.21%, in 13 weeks. The price is now at the 50.11% retracement level.

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

The weekly MACD line is below its signal line since August 31, 2018. This is an indication that the medium-term trend is down. 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 October 26, 2018 at 97.88 and reached 112.27 on November 29, 2018. CTXS gained -14.39 points, or -14.70%, in 34 days. The price is now at the 34.05% retracement level.

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

The daily MACD line is above its signal line since October 30, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.18
Williams' Percentage Range (W%R) 45.00
Lane's Stochastic (%D-Slow) 53.11
Greed/Fear Indicator (GFI) 52.44
Moving Average Converg./Diverg. (MACD) 0.99
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.55
Williams' Percentage Range (W%R) 43.30
Lane's Stochastic (%D-Slow) 62.58
Greed/Fear Indicator (GFI) 55.07
Moving Average Converg./Diverg. (MACD) 1.70
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 124.57
Parabolic System 112.24
Upper Bollinger Band 110.94
Daily Stochastic Crossing 109.01
20 Day Moving Average 107.88
Weekly Stochastic Crossing 107.76
Price 107.37
50 Day Moving Average 105.96
Lower Bollinger Band 104.51
Sector and Industry
Description Name Rank
Sector Technology 4
Industry Internet Software & Svcs 101
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 112.27
High Date 11/29/2018
Low 105.43
Low Date 12/06/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 97.88
Low Date 10/26/2018
High 112.27
High Date 11/29/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 116.82
High Date 07/26/2018
Low 97.88
Low Date 10/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 124.57
Support 80.99
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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