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Semiconductors Industry Stocks Technical Analysis - ADIArchive
- 7/19/2024 -
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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 dropped -7.34 points, or -3.08%, and closed at 231.22 on Friday, July 19, 2024. It was the worst weekly loss since April 19, 2024. Weekly volume was -7% 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 244.14 on July 17, 2024. ADI gained -110.66 points, or -82.90%, in 91 weeks. The price is now at the 11.68% retracement level.
Medium-term trend: [See ADI medium-term trend chart]
A medium-term uptrend had started on January 4, 2024 at 181.81 and reached 244.14 on July 17, 2024. ADI gained -62.33 points, or -34.28%, in 27 weeks. The price is now at the 20.73% retracement level.
 Weekly Technical Indicators: [See ADI weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 3, 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 ADI short-term trend chart]
A short-term uptrend had started on July 1, 2024 at 223.92 and reached 244.14 on July 17, 2024. ADI gained -20.22 points, or -9.03%, in 16 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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