The Greedy Trader Weekly Analysis
Sign In May 17, 2024
Skip Navigation Links
TA Search
Share
Weekly Pattern:Ascending Triangle
Number of records: 2
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Chart Analysis and Chart Pattern Recognition – Ascending Triangle Pattern

The ascending triangle pattern is a variation of symmetrical triangle formation that has a flat resistance line and a rising support line. The higher lows indicate the increasing demand and give the ascending triangle definitive bullish bias. The ascending triangle usually represents an accumulation stage in bullish market. The ascending triangle is considered as a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Volume usually increases on a breakout move. After breakout (similar to rectangle), resistance may turn into potential support and vice versa.
Ascending Triangle Screening page presents a list of stocks forming an Ascending Triangle Pattern.
Tips:
# 1As a continuation pattern, an ascending triangle usually appears within a young trend, characterized by neutral long-term indicators and overbought short-term indicators. An ascending triangle resets short-term indicators to neutral and then continues the movement in parent's direction.
# 2 As a reversal formation, an ascending triangle appears in a mature downtrend, characterized by oversold short-term and long-term indicators. This situation usually generates bullish divergence on long-term indicators.
# 3 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

Advanced TA Search

Archive
- 5/10/2024 -
Sign In to see current Signals.

Capital One Financial (COF) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sector
Daily :The price is close to 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 a first positive week for the Capital One Financial (COF). During the week, the COF climbed 0.15 points, or 0.11%, and closed at 142.56 on Friday, May 10, 2024. Weekly volume was -42% below average.

COF is a member of Financials Sector. Financials is the 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 COF long-term trend chart]
A long-term uptrend had started on May 4, 2023 at 83.93 and reached 149.94 on April 23, 2024. COF gained -66.01 points, or -78.65%, in 50 weeks. The price is now at the 11.18% retracement level.

Medium-term trend: [See COF medium-term trend chart]
A medium-term downtrend had started on April 23, 2024 at 149.94 and reached 141.15 on May 1, 2024. COF lost 8.79 points, or 5.86%, in 1 weeks. The price is now at the 16.04% retracement level.

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

The weekly MACD line is below its signal line since April 26, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See COF short-term trend chart]
A short-term downtrend had started on May 7, 2024 at 144.62 and reached 141.52 on May 8, 2024. COF lost 3.10 points, or 2.14%, in 1 days. The price is now at the 33.55% retracement level.

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

The daily MACD line is below its signal line since April 30, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The price is close to 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) 31.19
Williams' Percentage Range (W%R) 56.20
Lane's Stochastic (%D-Slow) 24.69
Greed/Fear Indicator (GFI) 33.24
Moving Average Converg./Diverg. (MACD) 0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.30
Williams' Percentage Range (W%R) 28.80
Lane's Stochastic (%D-Slow) 60.27
Greed/Fear Indicator (GFI) 61.96
Moving Average Converg./Diverg. (MACD) 8.26
Trading Signals
Description Value Chart
Upper Bollinger Band 149.31
Parabolic System 148.15
Weekly Stochastic Crossing 144.06
20 Day Moving Average 143.08
Price 142.56
Daily Stochastic Crossing 142.00
50 Day Moving Average 141.54
Lower Bollinger Band 136.50
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Consumer Finance 104
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 144.62
High Date 05/07/2024
Low 141.52
Low Date 05/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.94
High Date 04/23/2024
Low 141.15
Low Date 05/01/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 88.23
Low Date 10/25/2023
High 149.94
High Date 04/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.93
Low Date 05/04/2023
High 149.94
High Date 04/23/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 177.95
High Date 08/13/2021
Low 83.93
Low Date 05/04/2023
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.