The Greedy Trader Weekly Analysis
Sign In Apr 12, 2024
Skip Navigation Links
TA Search
Share
Daily RSI:< 30
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

Advanced TA Search

Archive
- 4/5/2024 -
Sign In to see current Signals.

A.O. Smith (AOS) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 23.6% retracement level
Move cursor over the icon to see details.

It was the negative week for the A.O. Smith (AOS). During the week, the AOS dropped -1.92 points, or -2.15%, and closed at 87.54 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -7% 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 89.96 on March 21, 2024. AOS gained -43.38 points, or -93.13%, in 75 weeks. The price is now at the 5.58% retracement level.

Medium-term trend: [See AOS medium-term trend chart]
A medium-term uptrend had started on February 5, 2024 at 76.89 and reached 89.96 on March 21, 2024. AOS gained -13.07 points, or -17.00%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (89.72) is broken. A broken support is considered to be a long-term bearish signal. 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 AOS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic 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 downtrend had started on March 21, 2024 at 89.96 and reached 86.79 on April 5, 2024. AOS lost 3.17 points, or 3.52%, in 15 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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) 51.91
Williams' Percentage Range (W%R) 48.10
Lane's Stochastic (%D-Slow) 42.88
Greed/Fear Indicator (GFI) 48.89
Moving Average Converg./Diverg. (MACD) 1.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.38
Williams' Percentage Range (W%R) 14.10
Overbought
Lane's Stochastic (%D-Slow) 88.99
Overbought
Greed/Fear Indicator (GFI) 77.49
Moving Average Converg./Diverg. (MACD) 3.40
Trading Signals
Description Value Chart
Monthly Trendline Resistance 92.64
Parabolic System 90.05
Upper Bollinger Band 89.82
Monthly Trendline Support 89.72
Weekly Stochastic Crossing 88.67
Daily Stochastic Crossing 87.80
20 Day Moving Average 87.58
Price 87.54
Lower Bollinger Band 84.46
50 Day Moving Average 83.70
Sector and Industry
Description Name Rank
Sector Industrials 9
Industry Building Products 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 89.77
High Date 04/01/2024
Low 86.79
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.96
High Date 03/21/2024
Low 86.79
Low Date 04/05/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 92.64
Support 89.72
Low 76.89
Low Date 02/05/2024
High 89.96
High Date 03/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 64.14
Low Date 09/25/2023
High 89.96
High Date 03/21/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.58
Low Date 10/13/2022
High 89.96
High Date 03/21/2024
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.