The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Mid-America Apartments (MAA) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic has declined below the signal linePrice is near the Fibonacci 38.2% retracement levelPrice is close to the 50 Day Moving Average
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It was the negative week for the Mid-America Apartments (MAA). During the week, the MAA dropped -4.57 points, or -3.39%, and closed at 130.34 on Friday, March 15, 2024. It was the worst weekly loss since October 27, 2023. Weekly volume was -13% below average.

Long-term trend: [See MAA long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 231.63 and reached 115.56 on November 1, 2023. MAA lost 116.07 points, or 50.11%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (108.66) 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 long-term trend.

Medium-term trend: [See MAA medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 139.89 and reached 121.51 on February 13, 2024. MAA lost 18.38 points, or 13.14%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 113.71 and resistance is at 133.30. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See MAA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 8, 2023. Use the following link to access a MACD help.

Short-term trend: [See MAA short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 121.51 and reached 136.05 on March 11, 2024. MAA gained -14.54 points, or -11.97%, in 27 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See MAA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since February 15, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Price is close to the 50 Day Moving Average. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.39
Williams' Percentage Range (W%R) 57.60
Lane's Stochastic (%D-Slow) 59.72
Greed/Fear Indicator (GFI) 57.18
Moving Average Converg./Diverg. (MACD) 0.65
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.37
Williams' Percentage Range (W%R) 46.10
Lane's Stochastic (%D-Slow) 41.57
Greed/Fear Indicator (GFI) 47.43
Moving Average Converg./Diverg. (MACD) -3.47
Trading Signals
Description Value Chart
Upper Bollinger Band 136.10
Monthly Trendline Resistance 133.30
Daily Stochastic Crossing 132.40
Price 130.34
50 Day Moving Average 129.70
20 Day Moving Average 128.99
Weekly Stochastic Crossing 128.89
Parabolic System 128.54
Yearly Trendline Resistance 124.53
Lower Bollinger Band 123.55
Monthly Trendline Support 113.71
Yearly Trendline Support 108.66
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry Residential REITs 23
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 123.23
Low Date 02/26/2024
High 136.05
High Date 03/11/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 121.51
Low Date 02/13/2024
High 136.05
High Date 03/11/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 133.30
Support 113.71
High 139.89
High Date 12/14/2023
Low 121.51
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 115.56
Low Date 11/01/2023
High 139.89
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 124.53
Support 108.66
High 231.63
High Date 12/31/2021
Low 115.56
Low Date 11/01/2023
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.