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Archive - 12/13/2024 - Sign In to see current Signals. |
Morgan Stanley (MS) Technical Analysis
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| Summary:
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| | It was the negative week for the Morgan Stanley (MS). During the week, the MS dropped -2.56 points, or -1.97%, and closed at 127.40 on Friday, December 13, 2024. MS was trading at average weekly trading volume. MS 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 MS long-term trend chart] A long-term uptrend had started on October 10, 2008 at 6.71 and reached 136.20 on November 25, 2024. MS gained -129.49 points, or -1929.81%, in 841 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 36.43 and resistance is at 137.43. 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 MS medium-term trend chart] A medium-term uptrend had started on October 30, 2023 at 69.42 and reached 136.20 on November 25, 2024. MS gained -66.78 points, or -96.20%, in 56 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (103.03) 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 medium-term trend. Weekly Technical Indicators: [See MS weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is above its signal line since October 4, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See MS short-term trend chart] A short-term downtrend had started on November 25, 2024 at 136.20 and reached 126.30 on December 11, 2024. MS lost 9.90 points, or 7.27%, in 16 days. The price is now at the 11.11% retracement level. Daily Technical Indicators: [See MS daily technical indicators chart] Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Use the following link to access Relative Strength Index help. The daily MACD line is below its signal line since November 22, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong. 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.
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