The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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A.O. Smith (AOS) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergence
Daily :Stochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergence
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It was a fourth consecutive positive week for the A.O. Smith (AOS). During the week, the AOS gained 1.27 points, or 1.48%, and closed at 87.09 on Friday, March 15, 2024. Weekly volume was -12% below average.

AOS is a member of Industrials Sector. Industrials 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 AOS long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 46.58 and reached 87.90 on March 15, 2024. AOS gained -41.32 points, or -88.71%, in 74 weeks. Price is near the trend high.

Medium-term trend: [See AOS medium-term trend chart]
A medium-term uptrend had started on February 5, 2024 at 76.89 and reached 87.90 on March 15, 2024. AOS gained -11.01 points, or -14.32%, in 5 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 85.64 and resistance is at 88.76. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. 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. 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 medium-term trend.

Weekly Technical Indicators: [See AOS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AOS short-term trend chart]
A short-term uptrend had started on March 5, 2024 at 83.15 and reached 87.90 on March 15, 2024. AOS gained -4.75 points, or -5.71%, in 10 days. The price is now at the 17.05% retracement level.

Daily Technical Indicators: [See AOS 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. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence.

The daily MACD line is above its signal line since February 9, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.00
Williams' Percentage Range (W%R) 21.00
Lane's Stochastic (%D-Slow) 71.96
Bearish
Greed/Fear Indicator (GFI) 75.31
Moving Average Converg./Diverg. (MACD) 1.37 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.17
Bearish
Williams' Percentage Range (W%R) 8.10
Strong Overbought
Lane's Stochastic (%D-Slow) 77.89
Bearish
Greed/Fear Indicator (GFI) 75.86
Moving Average Converg./Diverg. (MACD) 3.00 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 88.85
Monthly Trendline Resistance 88.76
Price 87.09
Daily Stochastic Crossing 86.96
Parabolic System 85.95
Weekly Stochastic Crossing 85.84
Monthly Trendline Support 85.64
20 Day Moving Average 83.62
50 Day Moving Average 81.54
Lower Bollinger Band 79.33
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Building Products 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.15
Low Date 03/05/2024
High 87.90
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.15
Low Date 03/05/2024
High 87.90
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 88.76
Support 85.64
Low 76.89
Low Date 02/05/2024
High 87.90
High Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.14
Low Date 09/25/2023
High 87.90
High Date 03/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.58
Low Date 10/13/2022
High 87.90
High Date 03/15/2024
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.