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Downtrend Broken Resist.Archive
- 11/15/2024 -
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Mid-America Apartments (MAA) Technical Analysis
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| Summary:
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| | It was the negative week for the Mid-America Apartments (MAA). During the week, the MAA gave back -1.20 points, or -0.75%, and closed at 157.90 on Friday, November 15, 2024. Weekly volume was -13% below average.
 Long-term trend: [See MAA long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 231.63 and reached 115.56 on November 1, 2023. MAA lost 116.07 points, or 50.11%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (110.60) 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 MAA medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 121.51 and reached 167.39 on September 16, 2024. MAA gained -45.88 points, or -37.76%, in 30 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 131.42 and resistance is at 179.79. 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 medium-term trend.
 Weekly Technical Indicators: [See MAA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since October 11, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See MAA short-term trend chart]
A short-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 46 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (147.56) 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 short-term trend.
Daily Technical Indicators: [See MAA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since November 4, 2024.
Price is close to the 50 Day Moving Average. 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.
 Candlestick pattern: [See MAA candlestick chart pattern]
On Friday the chart has formed a Bearish Thrusting Candlestick pattern. This pattern occurs in a downtrend and it shows a rally failure in a down market. This is a weak continuation pattern. The reliability of the Bearish Thrusting pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Thrusting Candlestick pattern during the last week.
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