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Advanced TA SearchArchive - 4/19/2024 - Sign In to see current Signals. |
Air Products & Chemicals (APD) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Air Products & Chemicals (APD). During the week, the APD climbed 0.11 points, or 0.05%, and closed at 231.64 on Friday, April 19, 2024. Weekly volume was 51% above average. APD is a member of Materials Sector. Materials 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 APD long-term trend chart] A long-term downtrend had started on December 13, 2022 at 328.56 and reached 212.24 on February 6, 2024. APD lost 116.32 points, or 35.40%, in 60 weeks. The chart has formed a Rising Wedge chart pattern. The downtrend support line (310.54) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend. Medium-term trend: [See APD medium-term trend chart] A medium-term downtrend had started on September 15, 2023 at 307.71 and reached 212.24 on February 6, 2024. APD lost 95.47 points, or 31.03%, in 20 weeks. The price is now at the 20.32% retracement level. Weekly Technical Indicators: [See APD weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since September 22, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See APD short-term trend chart] A short-term uptrend had started on February 6, 2024 at 212.24 and reached 249.34 on March 11, 2024. APD gained -37.10 points, or -17.48%, in 34 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (248.45) 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 short-term trend. Daily Technical Indicators: [See APD 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. 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 2, 2024. The distance between MACD and the signal line is low and getting smaller.
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