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Downtrend ResistanceArchive - 4/5/2024 - 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 -4.29 points, or -3.59%, and closed at 115.34 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was 21% 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 downtrend resistance line (103.66) 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 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 price is now at the 28.47% retracement level. Weekly Technical Indicators: [See WHR weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since December 22, 2023. This is an indication that the medium-term trend is up. 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 114.00 on April 3, 2024. WHR lost 6.39 points, or 5.31%, in 2 days. The price is now at the 20.97% retracement level. Daily Technical Indicators: [See WHR daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily 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 daily MACD line is above its signal line since March 18, 2024. The distance between MACD and the signal line is low and getting smaller. 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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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