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Downtrend Broken Resist.Archive - 4/19/2024 - Sign In to see current Signals. |
Whirlpool Corp. (WHR) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Whirlpool Corp. (WHR). During the week, the WHR dropped -3.39 points, or -3.14%, and closed at 104.67 on Friday, April 19, 2024. Weekly volume was 6% above average. Long-term trend: [See WHR long-term trend chart] A long-term downtrend had started on July 12, 2023 at 160.62 and reached 98.42 on October 27, 2023. WHR lost 62.20 points, or 38.72%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (98.11). 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 WHR medium-term trend chart] A medium-term uptrend had started on March 6, 2024 at 102.65 and reached 120.39 on April 1, 2024. WHR gained -17.74 points, or -17.28%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (110.98) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. WHR may retest the broken support line. It is considered to be a resistance line now. 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 WHR weekly technical indicators chart] Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 December 22, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help. Short-term trend: [See WHR short-term trend chart] A short-term downtrend had started on April 1, 2024 at 120.39 and reached 103.43 on April 18, 2024. WHR lost 16.96 points, or 14.09%, in 17 days. The price is now at the 7.31% retracement level. Daily Technical Indicators: [See WHR daily technical indicators chart] Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help. The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down.
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