The Greedy Trader Weekly Analysis
Sign In Apr 26, 2024
Skip Navigation Links
TA Search
Share
Monthly Pattern:Ascending Triangle
Number of records: 3
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• 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
- 4/19/2024 -
Sign In to see current Signals.

F5 Networks (FFIV) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend support line
Daily :The price is below the lower Bollinger BandBearish Three Black Crows CandlestickWilliams' Percentage Range oversoldLane's Stochastic is strongly oversold
Move cursor over the icon to see details.

It was the negative week for the F5 Networks (FFIV). During the week, the FFIV dropped -10.66 points, or -5.67%, and closed at 177.33 on Friday, April 19, 2024. Weekly volume was -28% below average.

Long-term trend: [See FFIV long-term trend chart]
A long-term uptrend had started on April 20, 2023 at 127.05 and reached 199.49 on January 30, 2024. FFIV gained -72.44 points, or -57.02%, in 40 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 162.42 and resistance is at 259.70. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See FFIV medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 145.45 and reached 199.49 on January 30, 2024. FFIV gained -54.04 points, or -37.15%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (191.88) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FFIV may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See FFIV short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 196.35 and reached 176.94 on April 19, 2024. FFIV lost 19.41 points, or 9.89%, in 10 days. Price is near the trend low.

Daily Technical Indicators: [See FFIV daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily 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 daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.

Candlestick pattern: [See FFIV candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.10
Williams' Percentage Range (W%R) 86.20
Oversold
Lane's Stochastic (%D-Slow) 1.09
Strong Oversold
Greed/Fear Indicator (GFI) 15.65
Oversold
Moving Average Converg./Diverg. (MACD) -0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.14
Williams' Percentage Range (W%R) 61.60
Lane's Stochastic (%D-Slow) 49.97
Greed/Fear Indicator (GFI) 45.53
Moving Average Converg./Diverg. (MACD) 7.98
Trading Signals
Description Value Chart
Upper Bollinger Band 195.90
Monthly Trendline Resistance 194.93
Monthly Trendline Support 191.88
20 Day Moving Average 188.01
50 Day Moving Average 187.93
Parabolic System 187.54
Weekly Stochastic Crossing 186.33
Lower Bollinger Band 177.45
Price 177.33
Daily Stochastic Crossing 177.15
Quarterly Trendline Support 162.42
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Communications Equipment 57
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 196.35
High Date 04/09/2024
Low 176.94
Low Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 196.35
High Date 04/09/2024
Low 176.94
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 194.93
Support 191.88
Low 145.45
Low Date 10/23/2023
High 199.49
High Date 01/30/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 259.70
Support 162.42
Low 127.05
Low Date 04/20/2023
High 199.49
High Date 01/30/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 249.00
High Date 12/29/2021
Low 127.05
Low Date 04/20/2023
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.