The Greedy Trader Weekly Analysis
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Candlesticks Name: Bullish Harami
Number of records: 2
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- 4/26/2024 -
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Apartment Investment & Mgmt'A' (AIV) Technical Analysis

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Summary:
Weekly :Trend resistance at 8.29
Daily :Stochastic signal line moved above oversold areaThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Apartment Investment & Mgmt'A' (AIV). During the week, the AIV gained 0.22 points, or 2.81%, and closed at 8.05 on Friday, April 26, 2024. Weekly volume was -32% below average.

Long-term trend: [See AIV long-term trend chart]
A long-term downtrend had started on August 12, 2022 at 9.79 and reached 5.63 on October 30, 2023. AIV lost 4.16 points, or 42.49%, in 63 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (8.29). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See AIV medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 5.63 and reached 8.44 on April 9, 2024. AIV gained -2.81 points, or -49.91%, in 23 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 7.86 and resistance is at 8.52. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AIV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AIV short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 8.44 and reached 7.72 on April 18, 2024. AIV lost 0.72 points, or 8.53%, in 9 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 7.97 and resistance is at 8.10. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.

Daily Technical Indicators: [See AIV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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.

The daily MACD line is below its signal line since April 15, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.22
Williams' Percentage Range (W%R) 65.30
Lane's Stochastic (%D-Slow) 64.50
Greed/Fear Indicator (GFI) 46.81
Moving Average Converg./Diverg. (MACD) 0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.29
Williams' Percentage Range (W%R) 33.80
Lane's Stochastic (%D-Slow) 75.04
Greed/Fear Indicator (GFI) 65.28
Moving Average Converg./Diverg. (MACD) 0.10
Trading Signals
Description Value Chart
Monthly Trendline Resistance 8.80
Quarterly Trendline Resistance 8.52
Upper Bollinger Band 8.31
Yearly Trendline Resistance 8.29
Parabolic System 8.16
Weekly Stochastic Crossing 8.11
Weekly Trendline Resistance 8.10
Price 8.05
Daily Stochastic Crossing 8.01
20 Day Moving Average 8.00
Weekly Trendline Support 7.97
Quarterly Trendline Support 7.86
Monthly Trendline Support 7.83
50 Day Moving Average 7.79
Lower Bollinger Band 7.62
Sector and Industry
Description Name Rank
Sector Real Estate 3
Industry REIT - Residential 106
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 7.72
Low Date 04/18/2024
High 8.18
High Date 04/23/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 8.10
Support 7.97
High 8.44
High Date 04/09/2024
Low 7.72
Low Date 04/18/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 8.80
Support 7.83
Low 7.06
Low Date 02/23/2024
High 8.44
High Date 04/09/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 8.52
Support 7.86
Low 5.63
Low Date 10/30/2023
High 8.44
High Date 04/09/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 8.29
Support 5.17
High 9.79
High Date 08/12/2022
Low 5.63
Low Date 10/30/2023
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.