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Downtrend Broken Resist.Archive
- 11/8/2024 -
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F5 Networks (FFIV) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a second consecutive positive week for the F5 Networks (FFIV). During the week, the FFIV gained 9.10 points, or 3.92%, and closed at 241.30 on Friday, November 8, 2024. Weekly volume was -9% below average.
FFIV is a member of Information Technology Sector. Information Technology 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 FFIV long-term trend chart]
A long-term downtrend had started on December 29, 2021 at 249.00 and reached 127.05 on April 20, 2023. FFIV lost 121.95 points, or 48.98%, in 68 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (175.61) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See FFIV medium-term trend chart]
A medium-term uptrend had started on April 20, 2023 at 127.05 and reached 250.50 on October 29, 2024. FFIV gained -123.45 points, or -97.17%, in 79 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (247.38). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See FFIV weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Williams' Percentage Range. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since July 26, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend 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 October 24, 2024 at 213.24 and reached 250.50 on October 29, 2024. FFIV gained -37.26 points, or -17.47%, in 5 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See FFIV daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since October 28, 2024. This is an indication that the short-term trend is up.
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