|
|
Advanced TA SearchArchive
- 5/3/2024 -
Sign In to see current Signals. |
Analog Devices (ADI) Technical Analysis
|
 |
| Summary:
| | | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Analog Devices (ADI). During the week, the ADI dropped -2.34 points, or -1.16%, and closed at 199.63 on Friday, May 3, 2024. Weekly volume was -18% 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 204.20 on April 9, 2024. ADI gained -49.21 points, or -31.75%, in 23 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 183.22 and resistance is at 204.06. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.
Medium-term trend: [See ADI medium-term trend chart]
A medium-term uptrend had started on January 4, 2024 at 181.81 and reached 204.20 on April 9, 2024. ADI gained -22.39 points, or -12.32%, in 13 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 184.16 and resistance is at 204.81. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle 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 April 12, 2024. The distance between MACD and the signal line is low and getting smaller. 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 April 19, 2024 at 182.57 and reached 204.20 on April 30, 2024. ADI gained -21.63 points, or -11.85%, in 11 days. Price is near the Fibonacci 23.6% 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 April 24, 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.
| |
|
|