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Uptrend ExhaustionArchive - 1/3/2025 - Sign In to see current Signals. |
Mid-America Apartments (MAA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second positive week after 3 consecutive negative weeks for the Mid-America Apartments (MAA). During the week, the MAA climbed 1.30 points, or 0.85%, and closed at 155.10 on Friday, January 3, 2025. It was the best weekly gain since November 29, 2024. Weekly volume was -24% below 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 140.55 and resistance is at 178.51. 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. The price is now at the 32.80% retracement level. Weekly Technical Indicators: [See MAA weekly technical indicators chart] Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help. 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 downtrend had started on November 27, 2024 at 165.90 and reached 149.30 on December 19, 2024. MAA lost 16.60 points, or 10.01%, in 22 days. The price is now at the 34.94% retracement level. Daily Technical Indicators: [See MAA daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since December 4, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak. The price is close to 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. During the last week, the 20 Day Moving Average 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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