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Archive - 3/15/2024 - Sign In to see current Signals. |
Weyerhaeuser Corp. (WY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Weyerhaeuser Corp. (WY). During the week, the WY dropped -0.51 points, or -1.46%, and closed at 34.33 on Friday, March 15, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was -12% below average. Long-term trend: [See WY long-term trend chart] A long-term uptrend had started on September 29, 2022 at 27.37 and reached 36.00 on February 2, 2023. WY gained -8.63 points, or -31.53%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (28.53) 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 WY medium-term trend chart] A medium-term uptrend had started on November 1, 2023 at 28.26 and reached 35.42 on March 4, 2024. WY gained -7.16 points, or -25.34%, in 17 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (34.21) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend. Weekly Technical Indicators: [See WY weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since November 24, 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 WY short-term trend chart] A short-term downtrend had started on March 4, 2024 at 35.42 and reached 33.86 on March 15, 2024. WY lost 1.56 points, or 4.40%, in 11 days. The price is now at the 30.13% retracement level. Daily Technical Indicators: [See WY daily technical indicators chart] Daily technical indicators are neutral. 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.
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