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Downtrend ExhaustionArchive
- 4/19/2024 -
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Mondelez I (MDLZ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Mondelez I (MDLZ). During the week, the MDLZ gained 1.42 points, or 2.13%, and closed at 68.11 on Friday, April 19, 2024. Weekly volume was 40% above average.
 Long-term trend: [See MDLZ long-term trend chart]
A long-term uptrend had started on October 12, 2023 at 60.75 and reached 77.19 on February 2, 2024. MDLZ gained -16.44 points, or -27.06%, in 16 weeks. The price is now at the 55.23% retracement level.
 Medium-term trend: [See MDLZ medium-term trend chart]
A medium-term downtrend had started on February 2, 2024 at 77.19 and reached 65.22 on April 15, 2024. MDLZ lost 11.97 points, or 15.51%, in 10 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (69.19) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See MDLZ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 below its signal line since March 8, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See MDLZ short-term trend chart]
A short-term uptrend had started on April 15, 2024 at 65.22 and reached 68.16 on April 19, 2024. MDLZ gained -2.94 points, or -4.51%, in 4 days. Price is near the trend high.
 Daily Technical Indicators: [See MDLZ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
The price is close to 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.
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