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Archive - 3/15/2024 - Sign In to see current Signals. |
Morgan Stanley (MS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Morgan Stanley (MS). During the week, the MS gained 1.34 points, or 1.54%, and closed at 88.38 on Friday, March 15, 2024. It was the best weekly gain since January 26, 2024. MS was trading at average weekly trading volume. MS is a member of Financials Sector. Financials 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 MS long-term trend chart] A long-term downtrend had started on February 14, 2023 at 100.99 and reached 69.42 on October 30, 2023. MS lost 31.57 points, or 31.26%, in 36 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (87.59). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend. Medium-term trend: [See MS medium-term trend chart] A medium-term uptrend had started on October 30, 2023 at 69.42 and reached 94.15 on January 2, 2024. MS gained -24.73 points, or -35.62%, in 9 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Weekly Technical Indicators: [See MS weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See MS short-term trend chart] A short-term downtrend had started on January 2, 2024 at 94.15 and reached 83.09 on February 13, 2024. MS lost 11.06 points, or 11.75%, in 42 days. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (82.95) 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 short-term trend. Daily Technical Indicators: [See MS daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since February 21, 2024. The distance between MACD and the signal line is low, but getting bigger. During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
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