The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 9
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.

A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.

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- 4/26/2024 -
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Gap (The) (GPS) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week after 4 consecutive negative weeks for the Gap (The) (GPS). During the week, the GPS gained 0.59 points, or 2.84%, and closed at 21.35 on Friday, April 26, 2024. Weekly volume was -19% below average.

Long-term trend: [See GPS long-term trend chart]
A long-term uptrend had started on May 25, 2023 at 7.22 and reached 28.59 on March 21, 2024. GPS gained -21.37 points, or -295.98%, in 43 weeks. The price is now at the 33.88% retracement level.

Medium-term trend: [See GPS medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 28.59 and reached 19.65 on April 25, 2024. GPS lost 8.94 points, or 31.27%, in 5 weeks. The price is now at the 19.02% retracement level.

Weekly Technical Indicators: [See GPS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See GPS short-term trend chart]
A short-term uptrend had started on April 25, 2024 at 19.65 and reached 21.36 on April 26, 2024. GPS gained -1.71 points, or -8.70%, in 1 days. Price is near the trend high.

Daily Technical Indicators: [See GPS daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since April 2, 2024.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.92
Williams' Percentage Range (W%R) 93.40
Strong Oversold
Lane's Stochastic (%D-Slow) 26.37
Greed/Fear Indicator (GFI) 21.62
Moving Average Converg./Diverg. (MACD) -0.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.33
Williams' Percentage Range (W%R) 81.90
Oversold
Lane's Stochastic (%D-Slow) 50.35
Greed/Fear Indicator (GFI) 40.99
Moving Average Converg./Diverg. (MACD) 2.48
Trading Signals
Description Value Chart
Upper Bollinger Band 26.36
Weekly Stochastic Crossing 22.72
20 Day Moving Average 22.68
50 Day Moving Average 22.46
Price 21.35
Daily Stochastic Crossing 20.26
Parabolic System 19.63
Lower Bollinger Band 17.96
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Apparel Retail 20
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.65
Low Date 04/25/2024
High 21.36
High Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 28.59
High Date 03/21/2024
Low 19.65
Low Date 04/25/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 18.34
Low Date 01/18/2024
High 28.59
High Date 03/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.22
Low Date 05/25/2023
High 28.59
High Date 03/21/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.85
High Date 09/04/2014
Low 5.26
Low Date 04/02/2020
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.