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S&P 500 Overbought StocksArchive
- 12/13/2024 -
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Air Products & Chemicals (APD) Technical Analysis
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| Summary:
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| | It was the negative week for the Air Products & Chemicals (APD). During the week, the APD dropped -7.81 points, or -2.44%, and closed at 312.30 on Friday, December 13, 2024. Weekly volume was -37% below average.
APD is a member of Materials Sector. Materials is the most oversold 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 APD long-term trend chart]
A long-term uptrend had started on March 8, 2000 at 23.00 and reached 337.00 on December 3, 2024. APD gained -314.00 points, or -1365.22%, in 1290 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (151.87) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.
 Medium-term trend: [See APD medium-term trend chart]
A medium-term uptrend had started on February 6, 2024 at 212.24 and reached 337.00 on December 3, 2024. APD gained -124.76 points, or -58.78%, in 43 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 284.23 and resistance is at 358.33. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 19, 2024. 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 APD short-term trend chart]
A short-term downtrend had started on December 3, 2024 at 337.00 and reached 307.40 on December 13, 2024. APD lost 29.60 points, or 8.78%, in 10 days. The price is now at the 16.55% retracement level.
 Daily Technical Indicators: [See APD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 daily MACD line is below its signal line since December 4, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
 Candlestick pattern: [See APD candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
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