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|It was a second consecutive positive week for the Monsanto Co. (MON). During the week, the MON gained 1.82 points, or 1.56%, and closed at 118.60 on Friday, January 05, 2018. It was the best weekly gain since October 13, 2017. Weekly volume was 177% above average. |
MON is a member of Basic Materials Sector. Basic 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 MON long-term trend chart]
A long-term uptrend had started on September 24, 2015 at 81.22 and reached 122.79 on October 13, 2017. MON gained -41.57 points, or -51.18%, in 107 weeks. The price is now at the 10.08% retracement level.
Medium-term trend: [See MON medium-term trend chart]
A medium-term downtrend had started on October 13, 2017 at 122.79 and reached 114.19 on December 8, 2017. MON lost 8.60 points, or 7.00%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (111.68) 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. MON 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 MON weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 3, 2017. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See MON short-term trend chart]
A short-term uptrend had started on December 21, 2017 at 114.85 and reached 118.69 on January 5, 2018. MON gained -3.84 points, or -3.34%, in 15 days. Price is near the trend high.
Daily Technical Indicators: [See MON daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since December 28, 2017. This is an indication that the short-term trend is up.
During the last week, the price has moved above 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.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.