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Downtrend Broken Resist.Archive
- 11/22/2024 -
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A.O. Smith (AOS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 7 consecutive negative weeks for the A.O. Smith (AOS). During the week, the AOS gained 0.93 points, or 1.28%, and closed at 73.31 on Friday, November 22, 2024. It was the best weekly gain since September 27, 2024. Weekly volume was -22% below average.
AOS is a member of Industrials Sector. Industrials 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 AOS long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 46.58 and reached 92.45 on July 18, 2024. AOS gained -45.87 points, or -98.48%, in 92 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (83.47) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.
 Medium-term trend: [See AOS medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 92.06 and reached 70.73 on November 20, 2024. AOS lost 21.33 points, or 23.17%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (70.22) is broken. A broken support is considered to be a long-term bullish signal. 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 AOS weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See AOS short-term trend chart]
A short-term uptrend had started on November 20, 2024 at 70.73 and reached 73.57 on November 21, 2024. AOS gained -2.84 points, or -4.02%, in 1 days. The price is now at the 9.15% retracement level.
 Daily Technical Indicators: [See AOS daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
A Parabolic SAR (stop and reversal) indicator (73.38) comes close to the price (73.31). It indicates that the trend is getting weaker. 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.
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