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Life Sciences Tools & Services Industry Stocks Technical Analysis - MTD

Archive
- 11/8/2024 -
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Mettler Toledo (MTD) Technical Analysis

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Summary:
Weekly :Oversold sector
Daily :The price has fallen below the Parabolic SARStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal line
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.14
Williams' Percentage Range (W%R) 71.20
Lane's Stochastic (%D-Slow) 70.88
Greed/Fear Indicator (GFI) 46.92
Moving Average Converg./Diverg. (MACD) -21.41
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.41
Williams' Percentage Range (W%R) 77.90
Lane's Stochastic (%D-Slow) 30.27
Greed/Fear Indicator (GFI) 32.15
Moving Average Converg./Diverg. (MACD) 27.55
Trading Signals
Description Value Chart
Yearly Trendline Resistance 1496.22
Upper Bollinger Band 1467.35
Parabolic System 1432.43
50 Day Moving Average 1398.09
Daily Stochastic Crossing 1387.28
20 Day Moving Average 1353.74
Weekly Stochastic Crossing 1338.12
Price 1310.00
Lower Bollinger Band 1259.51
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Life Sciences Tools & Services 11
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 1285.00
Low Date 10/29/2024
High 1431.00
High Date 11/06/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1447.22
High Date 08/20/2024
Low 1285.00
Low Date 10/29/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 1546.93
High Date 08/01/2024
Low 1285.00
Low Date 10/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 928.50
Low Date 10/30/2023
High 1546.93
High Date 08/01/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 1496.22
Support 793.02
High 1714.75
High Date 12/30/2021
Low 928.50
Low Date 10/30/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.