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Uptrend ExhaustionArchive
- 4/5/2024 -
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Western Union Co. (WU) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Western Union Co. (WU). During the week, the WU dropped -0.48 points, or -3.43%, and closed at 13.50 on Friday, April 5, 2024. Weekly volume was -41% below average.
WU 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 WU long-term trend chart]
A long-term downtrend had started on February 11, 2020 at 28.45 and reached 10.07 on March 15, 2023. WU lost 18.38 points, or 64.60%, in 161 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 7.45 and resistance is at 22.11. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See WU medium-term trend chart]
A medium-term downtrend had started on April 26, 2021 at 26.61 and reached 10.07 on March 15, 2023. WU lost 16.54 points, or 62.16%, in 98 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (5.89) 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 WU weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since January 19, 2024. Use the following link to access a MACD help.
 Short-term trend: [See WU short-term trend chart]
A short-term uptrend had started on October 30, 2023 at 10.92 and reached 14.19 on March 8, 2024. WU gained -3.27 points, or -29.95%, in 130 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (13.61) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.
 Daily Technical Indicators: [See WU daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 13, 2024. The distance between MACD and the signal line is low, but getting bigger.
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 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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