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Archive
- 4/5/2024 -
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Moody's Corp (MCO) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Moody's Corp (MCO). During the week, the MCO gave back -0.56 points, or -0.14%, and closed at 392.47 on Friday, April 5, 2024. Weekly volume was 12% above 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 407.62 on February 12, 2024. MCO gained -177.46 points, or -77.10%, in 69 weeks. The price is now at the 8.54% retracement level.
Medium-term trend: [See MCO medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 298.86 and reached 407.62 on February 12, 2024. MCO gained -108.76 points, or -36.39%, in 15 weeks. The price is now at the 13.93% retracement level.
 Weekly Technical Indicators: [See MCO weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 23, 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 February 14, 2024 at 363.49 and reached 402.38 on April 4, 2024. MCO gained -38.89 points, or -10.70%, in 50 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 390.74 and resistance is at 399.57. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
Daily Technical Indicators: [See MCO daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.
The daily MACD line is above its signal line since March 4, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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 distance between the Bollinger Bands (3.51%) is close to one year low (3.77%). It is 61.01% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
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