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- 12/13/2024 -
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Moody's Corp (MCO) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger Bands
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It was the negative week for the Moody's Corp (MCO). During the week, the MCO dropped -5.76 points, or -1.16%, and closed at 489.00 on Friday, December 13, 2024. Weekly volume was -41% below average.

MCO is a member of Financials Sector. Financials 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 MCO long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 230.16 and reached 504.00 on November 27, 2024. MCO gained -273.84 points, or -118.98%, in 110 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (367.11) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 MCO medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 298.86 and reached 504.00 on November 27, 2024. MCO gained -205.14 points, or -68.64%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 458.39 and resistance is at 529.12. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See MCO weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 4, 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 MCO short-term trend chart]
A short-term uptrend had started on November 6, 2024 at 450.40 and reached 504.00 on November 27, 2024. MCO gained -53.60 points, or -11.90%, in 21 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 484.72 and resistance is at 524.29. 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 short-term trend.

Daily Technical Indicators: [See MCO 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.07
Williams' Percentage Range (W%R) 22.30
Lane's Stochastic (%D-Slow) 35.11
Greed/Fear Indicator (GFI) 56.30
Moving Average Converg./Diverg. (MACD) 5.57
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.86
Williams' Percentage Range (W%R) 13.20
Overbought
Lane's Stochastic (%D-Slow) 73.18
Greed/Fear Indicator (GFI) 69.91
Moving Average Converg./Diverg. (MACD) 18.57
Trading Signals
Description Value Chart
Monthly Trendline Resistance 529.12
Weekly Trendline Resistance 524.29
Upper Bollinger Band 508.68
Parabolic System 504.50
Daily Stochastic Crossing 492.30
Weekly Stochastic Crossing 491.00
Price 489.00
20 Day Moving Average 488.92
Weekly Trendline Support 484.72
50 Day Moving Average 478.03
Lower Bollinger Band 468.54
Monthly Trendline Support 458.39
Quarterly Trendline Resistance 444.34
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Financial Exchanges & Data 74
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 504.00
High Date 11/27/2024
Low 486.80
Low Date 12/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 524.29
Support 484.72
Low 450.40
Low Date 11/06/2024
High 504.00
High Date 11/27/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 529.12
Support 458.39
Low 298.86
Low Date 10/30/2023
High 504.00
High Date 11/27/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 444.34
Support 367.11
Low 230.16
Low Date 10/13/2022
High 504.00
High Date 11/27/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.41
Low Date 11/20/2008
High 504.00
High Date 11/27/2024
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.