The Greedy Trader Weekly Analysis
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Building Products Industry Stocks Technical Analysis - AOS

Archive
- 9/13/2024 -
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A.O. Smith (AOS) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineTrend support at 80.07Price is near the Fibonacci 23.6% retracement level
Daily :A Parabolic SAR indicator is below and near the price
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It was a first positive week for the A.O. Smith (AOS). During the week, the AOS gained 3.06 points, or 3.98%, and closed at 79.97 on Friday, September 13, 2024. It was the best weekly gain since July 12, 2024. Weekly volume was -17% below average.

Long-term trend: [See AOS long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 46.58 and reached 92.45 on July 18, 2024. AOS gained -45.87 points, or -98.48%, in 92 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (80.07) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See AOS medium-term trend chart]
A medium-term downtrend had started on July 18, 2024 at 92.45 and reached 76.63 on September 11, 2024. AOS lost 15.82 points, or 17.11%, in 7 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See AOS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 below its signal line since April 19, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 11, 2024 at 76.63 and reached 80.59 on September 13, 2024. AOS gained -3.96 points, or -5.17%, in 2 days. The price is now at the 15.66% retracement level.

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

The daily MACD line is below its signal line since September 4, 2024. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (80.73) comes close to the price (79.97). It indicates that the trend is getting weaker. 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) 40.15
Williams' Percentage Range (W%R) 56.80
Lane's Stochastic (%D-Slow) 30.72
Greed/Fear Indicator (GFI) 38.01
Moving Average Converg./Diverg. (MACD) -0.81
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.48
Williams' Percentage Range (W%R) 80.30
Oversold
Lane's Stochastic (%D-Slow) 15.45
Oversold
Greed/Fear Indicator (GFI) 27.27
Moving Average Converg./Diverg. (MACD) 0.62
Trading Signals
Description Value Chart
Yearly Trendline Resistance 95.93
Upper Bollinger Band 83.77
50 Day Moving Average 82.30
Parabolic System 80.73
20 Day Moving Average 80.46
Yearly Trendline Support 80.07
Price 79.97
Weekly Stochastic Crossing 78.92
Daily Stochastic Crossing 78.23
Lower Bollinger Band 76.66
Sector and Industry
Description Name Rank
Sector Industrials 5
Industry Building Products 73
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.63
Low Date 09/11/2024
High 80.59
High Date 09/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.63
Low Date 09/11/2024
High 80.59
High Date 09/13/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 83.86
High Date 08/30/2024
Low 76.63
Low Date 09/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.45
High Date 07/18/2024
Low 76.63
Low Date 09/11/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 95.93
Support 80.07
Low 46.58
Low Date 10/13/2022
High 92.45
High Date 07/18/2024
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.