The Greedy Trader Weekly Analysis
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- 12/13/2024 -
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Intuit, Inc. (INTU) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a third consecutive positive week for the Intuit, Inc. (INTU). During the week, the INTU gained 10.03 points, or 1.55%, and closed at 656.50 on Friday, December 13, 2024. Weekly volume was 6% above average.

Long-term trend: [See INTU long-term trend chart]
A long-term uptrend had started on May 12, 2022 at 339.36 and reached 714.80 on November 13, 2024. INTU gained -375.44 points, or -110.63%, in 130 weeks. The price is now at the 15.53% retracement level.

Medium-term trend: [See INTU medium-term trend chart]
A medium-term uptrend had started on May 31, 2024 at 557.29 and reached 714.80 on November 13, 2024. INTU gained -157.51 points, or -28.26%, in 23 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend resistance line (600.66) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See INTU weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 8, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See INTU short-term trend chart]
A short-term downtrend had started on November 13, 2024 at 714.80 and reached 626.40 on December 3, 2024. INTU lost 88.40 points, or 12.37%, in 20 days. The price is now at the 34.05% retracement level.

Daily Technical Indicators: [See INTU daily technical indicators chart]
Daily technical indicators are neutral.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.55
Williams' Percentage Range (W%R) 35.90
Lane's Stochastic (%D-Slow) 74.39
Greed/Fear Indicator (GFI) 65.67
Moving Average Converg./Diverg. (MACD) 2.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.58
Williams' Percentage Range (W%R) 38.90
Lane's Stochastic (%D-Slow) 55.30
Greed/Fear Indicator (GFI) 55.53
Moving Average Converg./Diverg. (MACD) 6.21
Trading Signals
Description Value Chart
Upper Bollinger Band 684.81
Daily Stochastic Crossing 667.58
Price 656.50
20 Day Moving Average 652.22
Weekly Stochastic Crossing 652.22
Monthly Trendline Resistance 650.80
50 Day Moving Average 639.44
Parabolic System 629.73
Lower Bollinger Band 620.22
Monthly Trendline Support 600.66
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Application Software 83
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 714.80
High Date 11/13/2024
Low 626.40
Low Date 12/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 599.65
Low Date 10/23/2024
High 714.80
High Date 11/13/2024
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 650.80
Support 600.66
Low 557.29
Low Date 05/31/2024
High 714.80
High Date 11/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 339.36
Low Date 05/12/2022
High 714.80
High Date 11/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.48
Low Date 02/28/1997
High 716.86
High Date 11/19/2021
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.