The Greedy Trader Weekly Analysis
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Air Products & Chemicals (APD)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe period of low volatility of the stock price
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It was a second consecutive positive week for the Air Products & Chemicals (APD). During the week, the APD gained 5.10 points, or 1.70%, and closed at 304.76 on Friday, June 4, 2021. Weekly volume was -23% below 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 uptrend had started on March 8, 2000 at 23.00 and reached 327.89 on November 9, 2020. APD gained -304.89 points, or -1325.61%, in 1078 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (163.99) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 downtrend had started on November 9, 2020 at 327.89 and reached 245.75 on February 4, 2021. APD lost 82.14 points, or 25.05%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (204.64) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. APD may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 March 26, 2021. 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 May 26, 2021 at 295.01 and reached 306.06 on June 2, 2021. APD gained -11.05 points, or -3.75%, in 7 days. The price is now at the 11.76% retracement level.

Daily Technical Indicators: [See APD daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

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

The distance between the Bollinger Bands is falling, and it was 4.88% on Friday. It is 53.75% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.96
Williams' Percentage Range (W%R) 9.00
Strong Overbought
Lane's Stochastic (%D-Slow) 82.27
Overbought
Greed/Fear Indicator (GFI) 77.09
Moving Average Converg./Diverg. (MACD) 3.55
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 88.69
Overbought
Williams' Percentage Range (W%R) 2.30
Strong Overbought
Lane's Stochastic (%D-Slow) 89.30
Overbought
Greed/Fear Indicator (GFI) 82.64
Overbought
Moving Average Converg./Diverg. (MACD) 4.05
Trading Signals
Description Value Chart
Upper Bollinger Band 306.26
Price 304.76
Daily Stochastic Crossing 304.71
Weekly Stochastic Crossing 303.09
20 Day Moving Average 299.35
Parabolic System 296.30
50 Day Moving Average 291.73
Lower Bollinger Band 291.37
Sector and Industry
Description Name Rank
Sector Materials 10
Industry Industrial Gases 119
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 295.01
Low Date 05/26/2021
High 306.06
High Date 06/02/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 245.75
Low Date 02/04/2021
High 306.06
High Date 06/02/2021
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 201.76
Support 204.64
High 327.89
High Date 11/09/2020
Low 245.75
Low Date 02/04/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 114.64
Low Date 01/20/2016
High 327.89
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 196.65
Support 163.99
Low 23.00
Low Date 03/08/2000
High 327.89
High Date 11/09/2020
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.

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