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Stocks Screener - Rising Wedge

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Weekly Pattern:Rising Wedge
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- 9/27/2024 -
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PriceChg%DailyWklyDailyWklyDailyWklyMtlyQtlyYrlySectorIndustrySignalsRanksticksList
AAL 11.565.00%71.0157.48 8 73 2 Add to Watch List
ABT 112.43-1.12%21.2572.30 3 67 Add to Watch List
ADBE 515.48-1.31%23.8051.44 2 35 Add to Watch List
ADP 272.88-1.28%39.8781.07 2 80 1 Add to Watch List
AME 172.070.57%82.9068.52 8 37 1 Downtrend ResistanceAdd to Watch List
ANSS 325.151.53%84.8363.55 2 35 Add to Watch List
ARE 121.02-0.19%61.9160.05 10 95 Downtrend Broken Resist.09/26/24	Bearish  Long Red Real Body
Add to Watch List
BSX 83.35-0.68%57.1479.21 3 67 Add to Watch List
COST 885.62-2.36%45.2672.06 4 104 4 Add to Watch List
CRM 276.643.69%88.6767.28 2 35 Downtrend Broken Resist.Add to Watch List
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Rising Wedge Pattern (Ascending Wedge)

Rising Wedge Chart PatternA Rising Wedge pattern also known as Ascending Wedge pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge (Ascending Wedge) pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.

Stock Chart Patterns.

The price chart is the result of the activity of all market participants. It reflects periods of high expectations, greed and fear. As with most emotional human activities, it presents different patterns. Chart analysis and pattern recognition provide useful information for technical analysis, trend analysis, and market timing signals for technical trading. Trendlines and chart patterns can be analyzed in different time frames: from intraday, daily and weekly frames, up to multi-year patterns. It is the best practice to analyze patterns in conjunction with other technical indicators. Each price pattern is formed by several smaller sub waves. At least 3 – 4 subwaves are required to perform a reliable pattern screening. We use a minimal required number of sub waves for an earlier pattern recognition screener. On the other hand, a pattern formed with more subwaves is more reliable.
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