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

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARBearish Downside Tasuki Gap Candlestick
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It was the negative week for the Air Products & Chemicals (APD). During the week, the APD dropped -4.89 points, or -1.68%, and closed at 286.63 on Friday, July 31, 2020. Weekly volume was -27% 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 299.82 on July 23, 2020. APD gained -276.82 points, or -1203.57%, in 1063 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (158.03) 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 January 20, 2016 at 114.64 and reached 299.82 on July 23, 2020. APD gained -185.18 points, or -161.53%, in 235 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (172.55) 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 medium-term trend.

Weekly Technical Indicators: [See APD 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 May 8, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 June 15, 2020 at 229.17 and reached 299.82 on July 23, 2020. APD gained -70.65 points, or -30.83%, in 38 days. The chart has formed a Ascending Triangle chart pattern.

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 below overbought area. Such crossover is considered a bearish signal.

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.

Candlestick pattern: [See APD candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.99
Williams' Percentage Range (W%R) 25.80
Lane's Stochastic (%D-Slow) 32.09
Greed/Fear Indicator (GFI) 56.41
Moving Average Converg./Diverg. (MACD) 11.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.50
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 86.96
Overbought
Greed/Fear Indicator (GFI) 80.65
Overbought
Moving Average Converg./Diverg. (MACD) 7.27
Trading Signals
Description Value Chart
Upper Bollinger Band 303.11
Parabolic System 297.26
Weekly Stochastic Crossing 293.70
Price 286.63
Daily Stochastic Crossing 285.17
20 Day Moving Average 282.65
50 Day Moving Average 257.26
Lower Bollinger Band 255.99
Sector and Industry
Description Name Rank
Sector Materials 12
Industry Industrial Gases 124
Daily Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Low 229.17
Low Date 06/15/2020
High 299.82
High Date 07/23/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 167.43
Low Date 03/16/2020
High 299.82
High Date 07/23/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 148.44
Low Date 10/26/2018
High 299.82
High Date 07/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 206.63
Support 172.55
Low 114.64
Low Date 01/20/2016
High 299.82
High Date 07/23/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 190.69
Support 158.03
Low 23.00
Low Date 03/08/2000
High 299.82
High Date 07/23/2020
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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