The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 10
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 3/15/2024 -
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Capri Hold (CPRI) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversold
Daily :Broken trend resistance lineThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a second consecutive positive week for the Capri Hold (CPRI). During the week, the CPRI climbed 0.03 points, or 0.06%, and closed at 46.82 on Friday, March 15, 2024. Weekly volume was -62% below average.

Long-term trend: [See CPRI long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 72.37 and reached 34.17 on July 6, 2023. CPRI lost 38.20 points, or 52.78%, in 73 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 32.00 and resistance is at 66.36. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See CPRI medium-term trend chart]
A medium-term downtrend had started on August 10, 2023 at 54.52 and reached 45.70 on March 4, 2024. CPRI lost 8.82 points, or 16.18%, in 29 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 45.59 and resistance is at 49.86. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See CPRI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 below its signal line since November 17, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CPRI short-term trend chart]
A short-term downtrend had started on January 11, 2024 at 51.23 and reached 45.70 on March 4, 2024. CPRI lost 5.53 points, or 10.79%, in 53 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (45.61) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

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

The daily MACD line is above its signal line since March 6, 2024.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.67% on Friday. It is 72.75% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.64
Williams' Percentage Range (W%R) 41.00
Lane's Stochastic (%D-Slow) 71.91
Greed/Fear Indicator (GFI) 64.20
Moving Average Converg./Diverg. (MACD) -0.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.12
Williams' Percentage Range (W%R) 81.60
Oversold
Lane's Stochastic (%D-Slow) 15.18
Oversold
Greed/Fear Indicator (GFI) 25.61
Moving Average Converg./Diverg. (MACD) 0.36
Trading Signals
Description Value Chart
Monthly Trendline Resistance 49.86
50 Day Moving Average 47.95
Upper Bollinger Band 47.58
Daily Stochastic Crossing 46.83
Price 46.82
20 Day Moving Average 46.45
Weekly Stochastic Crossing 46.32
Parabolic System 46.10
Lower Bollinger Band 45.87
Weekly Trendline Support 45.61
Monthly Trendline Support 45.59
Weekly Trendline Resistance 44.80
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Apparel, Accessories & Luxury Goods 30
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 45.70
Low Date 03/04/2024
High 47.17
High Date 03/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 44.80
Support 45.61
High 51.23
High Date 01/11/2024
Low 45.70
Low Date 03/04/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 49.86
Support 45.59
High 54.52
High Date 08/10/2023
Low 45.70
Low Date 03/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.17
Low Date 07/06/2023
High 54.52
High Date 08/10/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 66.36
Support 32.00
High 72.37
High Date 02/10/2022
Low 34.17
Low Date 07/06/2023
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.