The Greedy Trader Weekly Analysis
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Daily Pattern:Rising Channel
Number of records: 1
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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

FIserv Inc. (FISV)

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Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaBroken trend resistance linePrice is near the Fibonacci 38.2% retracement level
Daily :Price has crossed below the 50 Day Moving Average
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It was the negative week for the FIserv Inc. (FISV). During the week, the FISV dropped -3.66 points, or -3.27%, and closed at 108.17 on Friday, March 17, 2023. Weekly volume was 135% above average.

FISV is a member of Information Technology Sector. Information Technology 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 FISV long-term trend chart]
A long-term uptrend had started on June 16, 2022 at 87.03 and reached 119.48 on March 6, 2023. FISV gained -32.45 points, or -37.29%, in 37 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (97.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See FISV medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 91.55 and reached 119.48 on March 6, 2023. FISV gained -27.93 points, or -30.51%, in 20 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See FISV weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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.

The weekly MACD line is above its signal line since November 25, 2022. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See FISV short-term trend chart]
A short-term uptrend had started on November 4, 2022 at 92.86 and reached 119.48 on March 6, 2023. FISV gained -26.62 points, or -28.67%, in 122 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 106.48 and resistance is at 121.65. 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 short-term trend.

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

The daily MACD line is below its signal line since February 21, 2023. The distance between MACD and the signal line is near its high and getting bigger.

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) 37.73
Williams' Percentage Range (W%R) 67.20
Lane's Stochastic (%D-Slow) 28.34
Greed/Fear Indicator (GFI) 32.96
Moving Average Converg./Diverg. (MACD) 0.68
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.01
Williams' Percentage Range (W%R) 39.10
Lane's Stochastic (%D-Slow) 78.43
Greed/Fear Indicator (GFI) 64.98
Moving Average Converg./Diverg. (MACD) 2.44
Trading Signals
Description Value Chart
Weekly Trendline Resistance 121.65
Upper Bollinger Band 119.55
Weekly Stochastic Crossing 114.95
20 Day Moving Average 113.78
Parabolic System 111.68
50 Day Moving Average 109.95
Daily Stochastic Crossing 109.06
Price 108.17
Weekly Trendline Support 106.48
Lower Bollinger Band 104.91
Quarterly Trendline Support 97.91
Quarterly Trendline Resistance 95.04
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry Data Processing & Outsourced Services 52
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 119.48
High Date 03/06/2023
Low 103.99
Low Date 03/13/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 121.65
Support 106.48
Low 92.86
Low Date 11/04/2022
High 119.48
High Date 03/06/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 91.55
Low Date 10/13/2022
High 119.48
High Date 03/06/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 95.04
Support 97.91
Low 87.03
Low Date 06/16/2022
High 119.48
High Date 03/06/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.34
High Date 04/26/2021
Low 87.03
Low Date 06/16/2022
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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