The Greedy Trader Weekly Analysis
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Weekly Pattern:Symmetric Triangle
Number of records: 10
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Symmetric Triangle Chart Pattern Analysis - Symmetric Triangle Pattern.

A symmetric triangle pattern represents the area of indecision where the movement direction is questioned. Chart Pattern Analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of a larger trend, but it may also mark the trend reversal. Volume diminishes during the formation and explodes at the breakout. After breakout (similar to rectangle), support may turn into potential resistance and vice versa.
Tips:
# 1 As a continuation pattern, the symmetric triangle usually appears within a young trend characterized by neutral long-term indicators and overbought/oversold short-term indicators. The symmetric triangle resets short-term indicators to neutral and then continues movement in parent's direction.
# 2 As a reversal formation, the symmetric triangle chart pattern appears in a mature trend characterized by overbought/oversold long-term and short-term indicators. This situation usually generates divergence on long-term indicators. For the best results, the symmetric triangle pattern should be considered together with other chart pattern analysis, technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 5/3/2024 -
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Ford Motor (F) Technical Analysis

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Summary:
Weekly :Trend support at 12.27
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal linePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Ford Motor (F). During the week, the F dropped -0.36 points, or -2.81%, and closed at 12.43 on Friday, May 3, 2024. F was trading at average weekly trading volume.

Long-term trend: [See F long-term trend chart]
A long-term downtrend had started on January 13, 2022 at 25.87 and reached 9.63 on October 31, 2023. F lost 16.24 points, or 62.78%, in 93 weeks. The price is now at the 17.24% retracement level.

Medium-term trend: [See F medium-term trend chart]
A medium-term uptrend had started on October 31, 2023 at 9.63 and reached 13.95 on April 4, 2024. F gained -4.32 points, or -44.86%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (12.27) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

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

The weekly MACD line is above its signal line since December 15, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See F short-term trend chart]
A short-term downtrend had started on April 25, 2024 at 13.18 and reached 12.13 on April 30, 2024. F lost 1.05 points, or 7.97%, in 5 days. The price is now at the 28.57% retracement level.

Daily Technical Indicators: [See F 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. 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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) 54.03
Williams' Percentage Range (W%R) 57.60
Lane's Stochastic (%D-Slow) 31.34
Greed/Fear Indicator (GFI) 42.60
Moving Average Converg./Diverg. (MACD) -0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.81
Williams' Percentage Range (W%R) 41.60
Lane's Stochastic (%D-Slow) 45.70
Greed/Fear Indicator (GFI) 50.79
Moving Average Converg./Diverg. (MACD) 0.15
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 14.34
Upper Bollinger Band 13.52
Weekly Stochastic Crossing 12.66
20 Day Moving Average 12.64
50 Day Moving Average 12.61
Price 12.43
Daily Stochastic Crossing 12.37
Quarterly Trendline Support 12.27
Parabolic System 12.26
Lower Bollinger Band 11.71
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 3
Industry Automobile Manufacturers 99
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 12.13
Low Date 04/30/2024
High 12.76
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 13.18
High Date 04/25/2024
Low 12.13
Low Date 04/30/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.94
Low Date 04/16/2024
High 13.18
High Date 04/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 14.34
Support 12.27
Low 9.63
Low Date 10/31/2023
High 13.95
High Date 04/04/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 25.87
High Date 01/13/2022
Low 9.63
Low Date 10/31/2023
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.