Semiconductors Industry Technical AnalysisArchive
- 5/26/2023 -
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Analog Devices (ADI)
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|It was the negative week for the Analog Devices (ADI). During the week, the ADI dropped -14.00 points, or -7.35%, and closed at 176.53 on Friday, May 26, 2023. Weekly volume was 101% above 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 October 13, 2022 at 133.48 and reached 198.25 on April 4, 2023. ADI gained -64.77 points, or -48.52%, in 24 weeks. The price is now at the 33.53% retracement level.
Medium-term trend: [See ADI medium-term trend chart]
A medium-term uptrend had started on April 27, 2023 at 171.24 and reached 193.14 on May 22, 2023. ADI gained -21.90 points, or -12.79%, in 3 weeks. The price is now at the 75.84% retracement level.
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 28, 2023. Use the following link to access a MACD help.
Short-term trend: [See ADI short-term trend chart]
A short-term downtrend had started on May 22, 2023 at 193.14 and reached 161.93 on May 25, 2023. ADI lost 31.21 points, or 16.16%, in 3 days. The price is now at the 46.78% retracement level.
Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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 link to access Lane's Stochastic help.
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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.