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Residential REITs Industry Stocks Technical Analysis - MAAArchive
- 5/3/2024 -
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Mid-America Apartments (MAA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a second consecutive positive week for the Mid-America Apartments (MAA). During the week, the MAA gained 3.77 points, or 2.92%, and closed at 133.00 on Friday, May 3, 2024. It was the best weekly gain since March 8, 2024. Weekly volume was 42% above 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 (105.25) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MAA may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.
 Medium-term trend: [See MAA medium-term trend chart]
A medium-term downtrend had started on April 9, 2024 at 136.39 and reached 123.73 on April 16, 2024. MAA lost 12.66 points, or 9.28%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (129.25) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MAA may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See MAA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 8, 2023. 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 April 16, 2024 at 123.73 and reached 134.54 on May 3, 2024. MAA gained -10.81 points, or -8.74%, in 17 days. The price is now at the 14.25% retracement level.
 Daily Technical Indicators: [See MAA daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.
The daily MACD line is above its signal line since April 25, 2024. This is an indication that the short-term trend is up.
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.
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