The Greedy Trader Weekly Analysis
Sign In Aug 12, 2022
Skip Navigation Links
TA Search
Yearly Price vs. Trendline:Broken Resistance
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals
Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
Resistance Trend Line,Trend Line Resistance,Trend Line Support,Support Resistance,support and resistance,chart trend line,trend support

Advanced TA Search

Archive
- 8/5/2022 -
Sign In to see current Signals.

Analog Devices (ADI)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergence20 Day Moving Average has crossed above the 50 Day Moving Average
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Analog Devices (ADI). During the week, the ADI gained 5.29 points, or 3.08%, and closed at 177.25 on Friday, August 5, 2022. Weekly volume was -38% below average.

ADI is a member of Information Technology Sector. Information Technology 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 ADI long-term trend chart]
A long-term uptrend had started on December 5, 2008 at 15.29 and reached 191.95 on November 22, 2021. ADI gained -176.66 points, or -1155.40%, in 676 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (88.01) 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 ADI medium-term trend chart]
A medium-term downtrend had started on November 22, 2021 at 191.95 and reached 138.50 on July 5, 2022. ADI lost 53.45 points, or 27.85%, in 32 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (136.91) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. ADI may retest the broken resistance line. It is considered to be a support line now. 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. 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 July 22, 2022. 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 July 5, 2022 at 138.50 and reached 177.95 on August 4, 2022. ADI gained -39.45 points, or -28.48%, in 30 days. Price is near the trend high.

Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Daily 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 daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since July 6, 2022. This is an indication that the short-term trend is up.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.26
Overbought
Williams' Percentage Range (W%R) 9.80
Strong Overbought
Lane's Stochastic (%D-Slow) 92.36
Strong Overbought
Greed/Fear Indicator (GFI) 89.28
Overbought
Moving Average Converg./Diverg. (MACD) 4.63 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.90
Williams' Percentage Range (W%R) 8.10
Strong Overbought
Lane's Stochastic (%D-Slow) 64.68
Greed/Fear Indicator (GFI) 71.32
Moving Average Converg./Diverg. (MACD) -2.69
Trading Signals
Description Value Chart
Upper Bollinger Band 183.83
Price 177.25
Daily Stochastic Crossing 176.88
Parabolic System 172.79
Weekly Stochastic Crossing 168.19
20 Day Moving Average 163.60
50 Day Moving Average 157.90
Monthly Trendline Resistance 150.70
Lower Bollinger Band 147.00
Yearly Trendline Resistance 145.57
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Semiconductors 70
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 160.27
Low Date 07/25/2022
High 177.95
High Date 08/04/2022
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 138.50
Low Date 07/05/2022
High 177.95
High Date 08/04/2022
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 150.70
Support 136.91
High 191.95
High Date 11/22/2021
Low 138.50
Low Date 07/05/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 47.24
Low Date 01/15/2016
High 191.95
High Date 11/22/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 145.57
Support 88.01
Low 15.29
Low Date 12/05/2008
High 191.95
High Date 11/22/2021
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.

Copyright© 2004- All rights reserved.