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Downtrend Broken Resist.Archive
- 4/5/2024 -
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Mid-America Apartments (MAA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Mid-America Apartments (MAA). During the week, the MAA dropped -4.48 points, or -3.40%, and closed at 127.10 on Friday, April 5, 2024. Weekly volume was -12% below average.
MAA is a member of Real Estate Sector. Real Estate is the second most oversold 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 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 price is near the trend resistance line (126.85). 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 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 price is now at the 30.41% retracement level.
 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 downtrend had started on March 11, 2024 at 136.05 and reached 125.39 on April 5, 2024. MAA lost 10.66 points, or 7.84%, in 25 days. The chart has formed a Descending Triangle chart pattern. The downtrend support line (128.96) 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 short-term trend.
 Daily Technical Indicators: [See MAA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 22, 2024. This is an indication that the short-term trend is down.
During the last week, the price has declined below 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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