The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Wedge
Number of records: 9
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.
A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
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Arista Net (ANET)

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Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 87.28
Overbought
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 91.46
Strong Overbought
Greed/Fear Indicator (GFI) 91.09
Strong Overbought
Moving Average Converg./Diverg. (MACD) 5.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.63
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 87.41
Overbought
Greed/Fear Indicator (GFI) 83.18
Overbought
Moving Average Converg./Diverg. (MACD) 4.40
Trading Signals
Description Value Chart
Daily Stochastic Crossing 163.54
Price 163.26
Upper Bollinger Band 162.93
Weekly Stochastic Crossing 156.86
Yearly Trendline Resistance 148.70
Parabolic System 146.55
20 Day Moving Average 144.08
Quarterly Trendline Support 141.20
50 Day Moving Average 132.60
Lower Bollinger Band 128.98
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry Communications Equipment 108
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 133.20
Low Date 02/24/2023
High 164.26
High Date 03/16/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 133.20
Low Date 02/24/2023
High 164.26
High Date 03/16/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 132.52
Low Date 02/22/2023
High 164.26
High Date 03/16/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 128.25
Support 141.20
Low 107.57
Low Date 01/24/2023
High 164.26
High Date 03/16/2023
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 148.70
Support 110.37
Low 89.11
Low Date 06/16/2022
High 164.26
High Date 03/16/2023
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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