They start with narrowįluctuations, and then widen out between diverging boundary lines. Technical indicators and trend parameters are calculated for the close ofīusiness day indicated on the top right corner of the screen.Chart Analysis and Chart Pattern Recognition – Broadening Formationsīroadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns. It indicates that the current short-term uptrend is getting stronger. The distance between MACD and the signal line is low, but getting bigger. This is an indication that the short-term trend is up. The daily MACD line is above its signal line since June 5, 2023. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.ĭaily Technical Indicators: ĭaily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. The trend support level is at 146.21 and resistance is at 153.57. The chart has formed a Rising Channel chart pattern. Short-term trend: Ī short-term uptrend had started on at 130.65 and reached 152.50 on July 12, 2023. Use the following link to access a MACD help. This is an indication that the medium-term trend is up. The weekly MACD line is above its signal line since March 31, 2023. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. Oscillators can be used to confirm other technical signals.
They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators are designed to signal a possible trend reversal. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. The price is now at the 6.12% retracement level. Medium-term trend: Ī medium-term uptrend had started on Octoat 107.40 and reached 152.50 on July 12, 2023. The price is now at the 6.07% retracement level. Long-term trend: Ī long-term uptrend had started on Jat 107.06 and reached 152.50 on July 12, 2023. During the week, the PPG gained 2.97 points, or 2.02%, and closed at 149.74 on Friday, July 14, 2023. It was a first positive week for the PPG Industries (PPG). Move cursor over the icon to see details.
# 2 For the best results, chart patterns and trend resistance support should be considered together with other technical analysis signals and technical trading techniques. Situation usually generates divergence on long-term indicators. # 1 As a reversal formation, Broadening formation Pattern appears in a mature trend,Ĭharacterized by overbought/oversold long-term and short-term indicators. One of the boundary lines is horizontal, is referred to as a right-angled formation.īroadening formations usually mark the reversal when confirmed by other technicalīroadening formations Screening page presents a list of stocks forming Broadening formation Pattern. Chart Analysis and Chart Pattern Recognition – Broadening Formationsīroadening Formations, including Broadening Ascending Wedge, present inverted triangle patterns.
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