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Life Sciences Tools & Services Industry Stocks Technical Analysis - MTDArchive - 11/8/2024 - Sign In to see current Signals. |
Mettler Toledo (MTD) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Mettler Toledo (MTD). During the week, the MTD dropped -32.00 points, or -2.38%, and closed at 1310.00 on Friday, November 8, 2024. Weekly volume was 24% above average. MTD is a member of Health Care Sector. Health Care 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 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 Broadening Descending Wedge chart pattern. The trend support level is at 793.02 and resistance is at 1496.22. 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 MTD medium-term trend chart] A medium-term downtrend had started on August 1, 2024 at 1546.93 and reached 1285.00 on October 29, 2024. MTD lost 261.93 points, or 16.93%, in 12 weeks. The price is now at the 9.54% retracement level. Weekly Technical Indicators: [See MTD weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since August 2, 2024. This is an indication that the medium-term trend is down. 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 October 29, 2024 at 1285.00 and reached 1431.00 on November 6, 2024. MTD gained -146.00 points, or -11.36%, in 8 days. The chart has formed a Broadening Ascending Wedge chart pattern. Daily Technical Indicators: [See MTD daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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. During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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.
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