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Advanced TA SearchArchive
- 5/10/2024 -
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Morgan Stanley (MS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the Morgan Stanley (MS). During the week, the MS gained 4.64 points, or 4.96%, and closed at 98.28 on Friday, May 10, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -25% below average.
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 downtrend had started on February 10, 2022 at 109.73 and reached 69.42 on October 30, 2023. MS lost 40.31 points, or 36.74%, in 89 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (68.35) 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. MS 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 MS medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 69.42 and reached 98.97 on May 10, 2024. MS gained -29.55 points, or -42.57%, in 27 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See MS weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. Weekly 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 weekly 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. Use the following link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since December 1, 2023. 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 uptrend had started on April 30, 2024 at 90.55 and reached 98.97 on May 10, 2024. MS gained -8.42 points, or -9.30%, in 10 days. The price is now at the 8.19% retracement level.
 Daily Technical Indicators: [See MS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up.
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