The Greedy Trader Weekly Analysis
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Daily MACD Divergence:Bearish
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Moving Average Convergence Divergence (MACD)

Moving Average Convergence Divergence (MACD indicator) was developed by Gerald Appel, and it represents the relationship between two moving averages. MACD crossover with the signal line warns about the trend weakening. MACD dramatic rise represents an overbought/oversold condition and indicates the trend exhaustion. The MACD divergence between price and indicator is the one of the most popular buy/sell MACD signals.

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- 5/10/2024 -
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Analog Devices (ADI) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtMACD bearish divergenceWeekly  MACD line has moved above its signal line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought
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It was a first positive week for the Analog Devices (ADI). During the week, the ADI gained 7.56 points, or 3.79%, and closed at 207.19 on Friday, May 10, 2024. Weekly volume was -20% below average.

Long-term trend: [See ADI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 133.48 and reached 207.76 on May 10, 2024. ADI gained -74.28 points, or -55.65%, in 82 weeks. Price is near the trend high.

Medium-term trend: [See ADI medium-term trend chart]
A medium-term uptrend had started on January 4, 2024 at 181.81 and reached 207.76 on May 10, 2024. ADI gained -25.95 points, or -14.27%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (191.85) 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 medium-term trend.

Weekly Technical Indicators: [See ADI 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. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 February 13, 2024 at 183.01 and reached 207.76 on May 10, 2024. ADI gained -24.75 points, or -13.52%, in 87 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily 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 Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since April 24, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.44
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 92.13
Strong Overbought
Greed/Fear Indicator (GFI) 86.60
Overbought
Moving Average Converg./Diverg. (MACD) 1.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.18
Williams' Percentage Range (W%R) 7.50
Strong Overbought
Lane's Stochastic (%D-Slow) 64.51
Greed/Fear Indicator (GFI) 71.13
Moving Average Converg./Diverg. (MACD) 3.33 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 213.10
Price 207.19
Daily Stochastic Crossing 206.45
Parabolic System 198.55
Weekly Stochastic Crossing 198.34
Weekly Trendline Resistance 197.00
20 Day Moving Average 196.64
50 Day Moving Average 195.64
Weekly Trendline Support 191.85
Lower Bollinger Band 185.03
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Semiconductors 59
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 183.01
Low Date 02/13/2024
High 207.76
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 197.00
Support 191.85
Low 181.81
Low Date 01/04/2024
High 207.76
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 154.99
Low Date 10/30/2023
High 207.76
High Date 05/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 133.48
Low Date 10/13/2022
High 207.76
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.29
Low Date 12/05/2008
High 207.76
High Date 05/10/2024
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.