The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 8
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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.
channeling stock,stock channeling,rising channel,falling channel,Price Channel

Capri Hold (CPRI)

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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Stochastic signal line moved below overbought areaThe price is close to the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a third consecutive positive week for the Capri Hold (CPRI). During the week, the CPRI gained 0.43 points, or 1.09%, and closed at 39.97 on Friday, May 26, 2023. Weekly volume was -10% 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 36.40 on May 10, 2023. CPRI lost 35.97 points, or 49.70%, in 64 weeks. The price is now at the 9.92% retracement level.

Medium-term trend: [See CPRI medium-term trend chart]
A medium-term downtrend had started on February 3, 2023 at 69.25 and reached 36.40 on May 10, 2023. CPRI lost 32.85 points, or 47.44%, in 13 weeks. The price is now at the 10.87% retracement level.

Weekly Technical Indicators: [See CPRI weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 February 17, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See CPRI short-term trend chart]
A short-term uptrend had started on May 10, 2023 at 36.40 and reached 41.29 on May 18, 2023. CPRI gained -4.89 points, or -13.43%, in 8 days. The price is now at the 26.99% retracement level.

Daily Technical Indicators: [See CPRI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since May 12, 2023. 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.58
Williams' Percentage Range (W%R) 51.40
Lane's Stochastic (%D-Slow) 46.57
Greed/Fear Indicator (GFI) 51.90
Moving Average Converg./Diverg. (MACD) -1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.35
Williams' Percentage Range (W%R) 91.80
Strong Oversold
Lane's Stochastic (%D-Slow) 19.52
Oversold
Greed/Fear Indicator (GFI) 22.42
Moving Average Converg./Diverg. (MACD) -2.18
Trading Signals
Description Value Chart
Upper Bollinger Band 42.37
50 Day Moving Average 42.12
Price 39.97
Daily Stochastic Crossing 39.54
20 Day Moving Average 39.15
Weekly Stochastic Crossing 38.56
Parabolic System 38.07
Lower Bollinger Band 37.64
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Apparel, Accessories & Luxury Goods 31
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 41.29
High Date 05/18/2023
Low 38.24
Low Date 05/24/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 36.40
Low Date 05/10/2023
High 41.29
High Date 05/18/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 69.25
High Date 02/03/2023
Low 36.40
Low Date 05/10/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 72.37
High Date 02/10/2022
Low 36.40
Low Date 05/10/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.47
Low Date 07/19/2021
High 72.37
High Date 02/10/2022
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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