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- 12/13/2024 -
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Masco Corp. (MAS) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 80.90
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Masco Corp. (MAS). During the week, the MAS dropped -2.25 points, or -2.78%, and closed at 78.76 on Friday, December 13, 2024. Weekly volume was -18% below average.

MAS is a member of Industrials Sector. Industrials 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 MAS long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 3.64 and reached 86.70 on October 15, 2024. MAS gained -83.06 points, or -2281.87%, in 814 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (80.90). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See MAS medium-term trend chart]
A medium-term uptrend had started on October 26, 2022 at 42.33 and reached 86.70 on October 15, 2024. MAS gained -44.37 points, or -104.82%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 69.44 and resistance is at 92.05. 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 MAS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since November 8, 2024. Use the following link to access a MACD help.

Short-term trend: [See MAS short-term trend chart]
A short-term uptrend had started on November 19, 2024 at 75.80 and reached 83.06 on November 25, 2024. MAS gained -7.26 points, or -9.58%, in 6 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See MAS daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

During the last week, the price has declined below 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.10
Williams' Percentage Range (W%R) 58.80
Lane's Stochastic (%D-Slow) 36.48
Greed/Fear Indicator (GFI) 41.92
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.10
Williams' Percentage Range (W%R) 52.90
Lane's Stochastic (%D-Slow) 33.12
Greed/Fear Indicator (GFI) 41.59
Moving Average Converg./Diverg. (MACD) 2.80
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 92.05
Upper Bollinger Band 83.25
Parabolic System 82.69
50 Day Moving Average 81.14
Yearly Trendline Resistance 80.90
20 Day Moving Average 79.65
Daily Stochastic Crossing 79.39
Weekly Stochastic Crossing 79.33
Price 78.76
Lower Bollinger Band 76.92
Quarterly Trendline Support 69.44
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Building Products 45
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 75.80
Low Date 11/19/2024
High 83.06
High Date 11/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 86.70
High Date 10/15/2024
Low 75.80
Low Date 11/19/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 63.81
Low Date 07/05/2024
High 86.70
High Date 10/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 92.05
Support 69.44
Low 42.33
Low Date 10/26/2022
High 86.70
High Date 10/15/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 80.90
Support 47.87
Low 3.64
Low Date 03/09/2009
High 86.70
High Date 10/15/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.