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Archive
- 7/19/2024 -
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F5 Networks (FFIV) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the F5 Networks (FFIV). During the week, the FFIV gave back -1.49 points, or -0.84%, and closed at 174.97 on Friday, July 19, 2024. Weekly volume was -21% below average.
 Long-term trend: [See FFIV long-term trend chart]
A long-term uptrend had started on April 20, 2023 at 127.05 and reached 199.49 on January 30, 2024. FFIV gained -72.44 points, or -57.02%, in 40 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 166.66 and resistance is at 228.17. 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 long-term trend.
 Medium-term trend: [See FFIV medium-term trend chart]
A medium-term downtrend had started on January 30, 2024 at 199.49 and reached 159.01 on April 30, 2024. FFIV lost 40.48 points, or 20.29%, in 13 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See FFIV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See FFIV short-term trend chart]
A short-term uptrend had started on June 7, 2024 at 164.45 and reached 183.22 on July 16, 2024. FFIV gained -18.77 points, or -11.41%, in 39 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See FFIV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 daily MACD line is above its signal line since June 7, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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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