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Archive
- 12/20/2024 -
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Mid-America Apartments (MAA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Mid-America Apartments (MAA). During the week, the MAA dropped -3.80 points, or -2.42%, and closed at 153.40 on Friday, December 20, 2024. Weekly volume was 40% above average.
 Long-term trend: [See MAA long-term trend chart]
A long-term uptrend had started on November 1, 2023 at 115.56 and reached 167.39 on September 16, 2024. MAA gained -51.83 points, or -44.85%, in 45 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 139.87 and resistance is at 177.34. 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 MAA medium-term trend chart]
A medium-term downtrend had started on September 16, 2024 at 167.39 and reached 149.10 on November 1, 2024. MAA lost 18.29 points, or 10.93%, in 6 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See MAA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 11, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See MAA short-term trend chart]
A short-term uptrend had started on November 1, 2024 at 149.10 and reached 165.90 on November 27, 2024. MAA gained -16.80 points, or -11.27%, in 26 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (172.22) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. MAA may retest the broken support line. It is considered to be a resistance line now. 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 support in a short-term trend.
 Daily Technical Indicators: [See MAA daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish 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 and Williams' Percentage Range help.
The daily MACD line is below its signal line since December 4, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
A Parabolic SAR (stop and reversal) indicator (154.84) comes close to the price (153.40). It indicates that the trend is getting weaker. 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 crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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