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Archive - 12/13/2024 - Sign In to see current Signals. |
Church & Dwight (CHD) Technical Analysis
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| Summary:
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| | It was the negative week for the Church & Dwight (CHD). During the week, the CHD dropped -1.61 points, or -1.50%, and closed at 105.60 on Friday, December 13, 2024. Weekly volume was -8% below average. Long-term trend: [See CHD long-term trend chart] A long-term uptrend had started on October 10, 2022 at 70.16 and reached 113.44 on December 2, 2024. CHD gained -43.28 points, or -61.69%, in 112 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 100.30 and resistance is at 115.37. 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 long-term trend. Medium-term trend: [See CHD medium-term trend chart] A medium-term uptrend had started on August 2, 2024 at 96.35 and reached 113.44 on December 2, 2024. CHD gained -17.09 points, or -17.74%, in 17 weeks. The price is now at the 45.87% retracement level. Weekly Technical Indicators: [See CHD weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since November 8, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See CHD short-term trend chart] A short-term uptrend had started on October 8, 2024 at 98.63 and reached 113.44 on December 2, 2024. CHD gained -14.81 points, or -15.02%, in 55 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 101.95 and resistance is at 115.78. 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 short-term trend. Daily Technical Indicators: [See CHD daily technical indicators chart] Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Relative Strength Index and Williams' Percentage Range help. The daily MACD line is below its signal line since December 2, 2024. The distance between MACD and the signal line is near its high and getting bigger. Price is close to the 50 Day Moving Average. While 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.
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