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Industrial Gases Industry Stocks Technical Analysis - APD

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- 11/22/2024 -
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Air Products & Chemicals (APD) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overboughtDaily  MACD line has moved above its signal lineBullish Doji Candlestick
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It was a third consecutive positive week for the Air Products & Chemicals (APD). During the week, the APD gained 12.60 points, or 3.97%, and closed at 329.70 on Friday, November 22, 2024. APD was trading at average weekly trading volume.

Long-term trend: [See APD long-term trend chart]
A long-term uptrend had started on March 8, 2000 at 23.00 and reached 332.43 on October 21, 2024. APD gained -309.43 points, or -1345.35%, in 1284 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (151.56) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 APD medium-term trend chart]
A medium-term uptrend had started on February 6, 2024 at 212.24 and reached 332.43 on October 21, 2024. APD gained -120.19 points, or -56.63%, in 36 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 279.55 and resistance is at 350.42. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since April 19, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See APD short-term trend chart]
A short-term uptrend had started on November 6, 2024 at 301.80 and reached 330.70 on November 20, 2024. APD gained -28.90 points, or -9.58%, in 14 days. Price is near the trend high.

Daily Technical Indicators: [See APD daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

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

Candlestick pattern: [See APD candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 90.14
Strong Overbought
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 94.68
Strong Overbought
Greed/Fear Indicator (GFI) 93.78
Strong Overbought
Moving Average Converg./Diverg. (MACD) 3.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.91
Williams' Percentage Range (W%R) 3.20
Strong Overbought
Lane's Stochastic (%D-Slow) 76.78
Greed/Fear Indicator (GFI) 79.57
Moving Average Converg./Diverg. (MACD) 12.50
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 350.42
Upper Bollinger Band 334.51
Price 329.70
Daily Stochastic Crossing 329.29
Weekly Stochastic Crossing 319.61
20 Day Moving Average 316.22
Parabolic System 312.74
50 Day Moving Average 310.58
Lower Bollinger Band 303.43
Quarterly Trendline Support 279.55
Sector and Industry
Description Name Rank
Sector Materials 3
Industry Industrial Gases 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 308.50
Low Date 11/08/2024
High 330.70
High Date 11/20/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 301.80
Low Date 11/06/2024
High 330.70
High Date 11/20/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 246.00
Low Date 07/02/2024
High 332.43
High Date 10/21/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 350.42
Support 279.55
Low 212.24
Low Date 02/06/2024
High 332.43
High Date 10/21/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 237.65
Support 151.56
Low 23.00
Low Date 03/08/2000
High 332.43
High Date 10/21/2024
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.