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Semiconductors Industry Stocks Technical Analysis - ADIArchive
- 12/13/2024 -
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Analog Devices (ADI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Analog Devices (ADI). During the week, the ADI gave back -1.60 points, or -0.73%, and closed at 216.60 on Friday, December 13, 2024. Weekly volume was -32% below average.
 Long-term trend: [See ADI long-term trend chart]
A long-term uptrend had started on October 30, 2023 at 154.99 and reached 244.14 on July 17, 2024. ADI gained -89.15 points, or -57.52%, in 37 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (219.80) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See ADI medium-term trend chart]
A medium-term downtrend had started on October 14, 2024 at 237.03 and reached 205.40 on November 15, 2024. ADI lost 31.63 points, or 13.34%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 188.39 and resistance is at 232.29. 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 medium-term trend.
 Weekly Technical Indicators: [See ADI 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 ADI short-term trend chart]
A short-term uptrend had started on November 15, 2024 at 205.40 and reached 233.60 on November 26, 2024. ADI gained -28.20 points, or -13.73%, in 11 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
7 |
| Industry |
Semiconductors |
29 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
205.40 |
| Low Date |
11/15/2024 |
| High |
233.60 |
| High Date |
11/26/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
232.29 |
| Support |
188.39 |
| High |
237.03 |
| High Date |
10/14/2024 |
| Low |
205.40 |
| Low Date |
11/15/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Support |
| Resistance |
232.10 |
| Support |
219.80 |
| Low |
154.99 |
| Low Date |
10/30/2023 |
| High |
244.14 |
| High Date |
07/17/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
133.48 |
| Low Date |
10/13/2022 |
| High |
244.14 |
| High Date |
07/17/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
15.29 |
| Low Date |
12/05/2008 |
| High |
244.14 |
| High Date |
07/17/2024 |
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