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Uptrend SupportArchive
- 10/11/2024 -
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A.O. Smith (AOS) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the A.O. Smith (AOS). During the week, the AOS dropped -6.53 points, or -7.47%, and closed at 80.87 on Friday, October 11, 2024. Weekly volume was 25% above average.
AOS is a member of Industrials Sector. Industrials is the second 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 price is near the trend support (81.43) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.
 Medium-term trend: [See AOS medium-term trend chart]
A medium-term downtrend had started on July 18, 2024 at 92.45 and reached 76.63 on September 11, 2024. AOS lost 15.82 points, or 17.11%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (74.43) 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 technical indicators are neutral.
The weekly MACD line is above its signal line since September 27, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See AOS short-term trend chart]
A short-term downtrend had started on September 27, 2024 at 92.06 and reached 79.50 on October 11, 2024. AOS lost 12.56 points, or 13.64%, in 14 days. The price is now at the 10.91% retracement level.
 Daily Technical Indicators: [See AOS daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 links to access Lane's Stochastic and Williams' Percentage Range 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 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.
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