The Greedy Trader Weekly Analysis
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- 5/17/2024 -
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F5 Networks (FFIV) Technical Analysis

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Summary:
Weekly :Price is near the Fibonacci 38.2% retracement level
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal line
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It was a second consecutive positive week for the F5 Networks (FFIV). During the week, the FFIV gained 2.51 points, or 1.46%, and closed at 174.13 on Friday, May 17, 2024. FFIV was trading at average weekly trading volume.

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 166.01 and resistance is at 217.96. 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 April 30, 2024 at 159.01 and reached 175.97 on May 16, 2024. FFIV gained -16.96 points, or -10.67%, in 16 days. The price is now at the 10.85% retracement level.

Daily Technical Indicators: [See FFIV daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.44
Williams' Percentage Range (W%R) 46.00
Lane's Stochastic (%D-Slow) 85.99
Overbought
Greed/Fear Indicator (GFI) 59.14
Moving Average Converg./Diverg. (MACD) -3.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.12
Williams' Percentage Range (W%R) 63.50
Lane's Stochastic (%D-Slow) 24.56
Greed/Fear Indicator (GFI) 35.43
Moving Average Converg./Diverg. (MACD) 5.75
Trading Signals
Description Value Chart
Upper Bollinger Band 186.32
50 Day Moving Average 182.80
Parabolic System 176.25
Daily Stochastic Crossing 174.84
Price 174.13
20 Day Moving Average 173.48
Weekly Stochastic Crossing 169.32
Yearly Trendline Support 166.01
Lower Bollinger Band 163.07
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Communications Equipment 42
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 159.01
Low Date 04/30/2024
High 175.97
High Date 05/16/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 159.01
Low Date 04/30/2024
High 175.97
High Date 05/16/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 196.35
High Date 04/09/2024
Low 159.01
Low Date 04/30/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 199.49
High Date 01/30/2024
Low 159.01
Low Date 04/30/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 217.96
Support 166.01
Low 127.05
Low Date 04/20/2023
High 199.49
High Date 01/30/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.