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Advanced TA SearchArchive - 3/22/2024 - Sign In to see current Signals. |
Air Products & Chemicals (APD) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Air Products & Chemicals (APD). During the week, the APD dropped -7.92 points, or -3.24%, and closed at 236.71 on Friday, March 22, 2024. Weekly volume was 54% above average. APD is a member of Materials Sector. Materials 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 APD long-term trend chart] A long-term downtrend had started on December 13, 2022 at 328.56 and reached 212.24 on February 6, 2024. APD lost 116.32 points, or 35.40%, in 60 weeks. The chart has formed a Rising Wedge chart pattern. The downtrend support line (307.14) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend. Medium-term trend: [See APD medium-term trend chart] A medium-term downtrend had started on September 15, 2023 at 307.71 and reached 212.24 on February 6, 2024. APD lost 95.47 points, or 31.03%, in 20 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (191.64) is broken. A broken support is considered to be a long-term bullish 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 resistance 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 September 22, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 February 6, 2024 at 212.24 and reached 249.34 on March 11, 2024. APD gained -37.10 points, or -17.48%, in 34 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (251.74) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. APD may retest the broken support line. It is considered to be a resistance line now. 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 short-term trend. Daily Technical Indicators: [See APD daily technical indicators chart] Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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 below its signal line. Such crossover is considered a bearish signal. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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