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Regional Banks Industry Stocks Technical Analysis - KEY

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- 11/8/2024 -
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KeyCorp (KEY) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic bearish divergenceBroken trend resistance line
Daily :Broken trend resistance lineDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the KeyCorp (KEY). During the week, the KEY gained 1.78 points, or 10.35%, and closed at 18.97 on Friday, November 8, 2024. It was the best weekly gain since August 16, 2024. KEY was trading at average weekly trading volume.

KEY is a member of Financials Sector. Financials is the 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 KEY long-term trend chart]
A long-term uptrend had started on May 4, 2023 at 8.54 and reached 20.00 on November 6, 2024. KEY gained -11.46 points, or -134.19%, in 78 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (14.53) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 KEY medium-term trend chart]
A medium-term uptrend had started on June 14, 2024 at 13.10 and reached 20.00 on November 6, 2024. KEY gained -6.90 points, or -52.67%, in 20 weeks. The price is now at the 14.93% retracement level.

Weekly Technical Indicators: [See KEY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 July 19, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See KEY short-term trend chart]
A short-term uptrend had started on September 11, 2024 at 15.40 and reached 20.00 on November 6, 2024. KEY gained -4.60 points, or -29.87%, in 56 days. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (17.64) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 short-term trend.

Daily Technical Indicators: [See KEY daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.55
Williams' Percentage Range (W%R) 30.60
Lane's Stochastic (%D-Slow) 55.93
Greed/Fear Indicator (GFI) 63.94
Moving Average Converg./Diverg. (MACD) 0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.39
Williams' Percentage Range (W%R) 14.40
Overbought
Lane's Stochastic (%D-Slow) 78.56
Bearish
Greed/Fear Indicator (GFI) 74.30
Moving Average Converg./Diverg. (MACD) 0.69
Trading Signals
Description Value Chart
Upper Bollinger Band 19.25
Weekly Stochastic Crossing 19.07
Daily Stochastic Crossing 19.03
Price 18.97
Weekly Trendline Resistance 18.49
Quarterly Trendline Resistance 18.47
Weekly Trendline Support 17.64
20 Day Moving Average 17.60
Parabolic System 17.50
50 Day Moving Average 16.96
Lower Bollinger Band 16.13
Sector and Industry
Description Name Rank
Sector Financials 12
Industry Regional Banks 104
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 16.90
Low Date 10/17/2024
High 20.00
High Date 11/06/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 18.49
Support 17.64
Low 15.40
Low Date 09/11/2024
High 20.00
High Date 11/06/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.10
Low Date 06/14/2024
High 20.00
High Date 11/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 18.47
Support 14.53
Low 8.54
Low Date 05/04/2023
High 20.00
High Date 11/06/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.17
High Date 01/18/2022
Low 8.54
Low Date 05/04/2023
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.