The Greedy Trader Weekly Analysis
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- 1/10/2025 -
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Air Products & Chemicals (APD) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend resistance lineTrend support at 289.92
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 5 consecutive negative weeks for the Air Products & Chemicals (APD). During the week, the APD gained 9.20 points, or 3.24%, and closed at 293.10 on Friday, January 10, 2025. It was the best weekly gain since November 22, 2024. APD was trading at average weekly trading volume.

APD is a member of Materials Sector. Materials is the most oversold 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 APD long-term trend chart]
A long-term uptrend had started on March 8, 2000 at 23.00 and reached 337.00 on December 3, 2024. APD gained -314.00 points, or -1365.22%, in 1290 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (152.24) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.

Medium-term trend: [See APD medium-term trend chart]
A medium-term uptrend had started on February 6, 2024 at 212.24 and reached 337.00 on December 3, 2024. APD gained -124.76 points, or -58.78%, in 43 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (289.92) 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 medium-term trend.

Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 13, 2024. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See APD short-term trend chart]
A short-term uptrend had started on January 6, 2025 at 282.00 and reached 294.90 on January 10, 2025. APD gained -12.90 points, or -4.57%, in 4 days. The price is now at the 13.95% retracement level.

Daily Technical Indicators: [See APD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 link to access Lane's Stochastic help.

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

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) 46.96
Williams' Percentage Range (W%R) 65.70
Lane's Stochastic (%D-Slow) 30.36
Greed/Fear Indicator (GFI) 37.21
Moving Average Converg./Diverg. (MACD) -7.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.46
Williams' Percentage Range (W%R) 62.20
Lane's Stochastic (%D-Slow) 20.01
Greed/Fear Indicator (GFI) 33.02
Moving Average Converg./Diverg. (MACD) 12.50
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 350.08
Upper Bollinger Band 314.64
50 Day Moving Average 310.27
20 Day Moving Average 295.09
Price 293.10
Quarterly Trendline Support 289.92
Weekly Stochastic Crossing 287.32
Daily Stochastic Crossing 286.59
Parabolic System 282.45
Lower Bollinger Band 277.39
Yearly Trendline Resistance 238.64
Sector and Industry
Description Name Rank
Sector Materials 1
Industry Industrial Gases 18
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 282.00
Low Date 01/06/2025
High 294.90
High Date 01/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 282.00
Low Date 01/06/2025
High 294.90
High Date 01/10/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 337.00
High Date 12/03/2024
Low 282.00
Low Date 01/06/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 350.08
Support 289.92
Low 212.24
Low Date 02/06/2024
High 337.00
High Date 12/03/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 238.64
Support 152.24
Low 23.00
Low Date 03/08/2000
High 337.00
High Date 12/03/2024
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.