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Archive
- 12/13/2024 -
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KeyCorp (KEY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the KeyCorp (KEY). During the week, the KEY dropped -0.74 points, or -3.92%, and closed at 18.13 on Friday, December 13, 2024. It was the worst weekly loss since September 6, 2024. Weekly volume was -38% below average.
KEY is a member of Financials Sector. Financials 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 KEY long-term trend chart]
A long-term uptrend had started on May 4, 2023 at 8.54 and reached 20.04 on November 25, 2024. KEY gained -11.50 points, or -134.66%, in 81 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 14.94 and resistance is at 18.87. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See KEY medium-term trend chart]
A medium-term uptrend had started on June 14, 2024 at 13.10 and reached 20.04 on November 25, 2024. KEY gained -6.94 points, or -52.98%, in 23 weeks. The price is now at the 27.52% retracement level.
 Weekly Technical Indicators: [See KEY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 19, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See KEY short-term trend chart]
A short-term downtrend had started on November 25, 2024 at 20.04 and reached 18.03 on December 12, 2024. KEY lost 2.01 points, or 10.03%, in 17 days. Price is near the trend low.
 Daily Technical Indicators: [See KEY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since November 27, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and 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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