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Downtrend Broken Resist.Archive
- 4/5/2024 -
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Keysight Technologies (KEYS) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the Keysight Technologies (KEYS). During the week, the KEYS climbed 0.85 points, or 0.54%, and closed at 157.23 on Friday, April 5, 2024. Weekly volume was -22% below average.
KEYS is a member of Information Technology Sector. Information Technology is the second 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 KEYS long-term trend chart]
A long-term downtrend had started on December 30, 2021 at 209.08 and reached 118.57 on October 27, 2023. KEYS lost 90.51 points, or 43.29%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 115.78 and resistance is at 162.51. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See KEYS medium-term trend chart]
A medium-term downtrend had started on December 13, 2022 at 189.45 and reached 118.57 on October 27, 2023. KEYS lost 70.88 points, or 37.41%, in 45 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (100.49) 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 medium-term trend.
 Weekly Technical Indicators: [See KEYS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. 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 Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 17, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See KEYS short-term trend chart]
A short-term downtrend had started on February 9, 2024 at 162.50 and reached 138.18 on February 21, 2024. KEYS lost 24.32 points, or 14.97%, in 12 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (154.48) 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 KEYS daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is above its signal line since March 21, 2024. The distance between MACD and the signal line is low and getting smaller.
The distance between the Bollinger Bands is falling, and it was 5.83% on Friday. It is 52.52% lower than one year average. It indicates the period of low volatility of the stock price. 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.
 Candlestick pattern: [See KEYS candlestick chart pattern]
On Friday the chart has formed a Bullish Piercing Line Candlestick pattern. This pattern suggests bulls have begun to take charge of the market, and shorts have been shaken by the sudden lost of bearish momentum. The reliability of the Bullish Piercing Line pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bullish Piercing Line Candlestick pattern during the last week.
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