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Uptrend ExhaustionArchive
- 4/5/2024 -
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Mettler Toledo (MTD) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Mettler Toledo (MTD). During the week, the MTD dropped -30.45 points, or -2.29%, and closed at 1300.84 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was -20% below average.
 Long-term trend: [See MTD long-term trend chart]
A long-term downtrend had started on December 30, 2021 at 1714.75 and reached 928.50 on October 30, 2023. MTD lost 786.25 points, or 45.85%, in 95 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 898.19 and resistance is at 1497.47. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See MTD medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 928.50 and reached 1364.59 on March 8, 2024. MTD gained -436.09 points, or -46.97%, in 18 weeks. The price is now at the 14.62% retracement level.
 Weekly Technical Indicators: [See MTD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See MTD short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 1133.46 and reached 1364.59 on March 8, 2024. MTD gained -231.13 points, or -20.39%, in 24 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (1354.70) 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. MTD 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 short-term trend.
 Daily Technical Indicators: [See MTD daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.
The daily MACD line is below its signal line since March 22, 2024.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (5.04%) is close to one year low (5.78%). It is 55.47% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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