|
Archive - 3/15/2024 - Sign In to see current Signals. |
Mettler Toledo (MTD) Technical Analysis
|
|
| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the Mettler Toledo (MTD). During the week, the MTD climbed 10.60 points, or 0.81%, and closed at 1324.45 on Friday, March 15, 2024. MTD was trading at average weekly trading volume. Long-term trend: [See MTD long-term trend chart] A long-term downtrend had started on April 18, 2023 at 1615.97 and reached 928.50 on October 30, 2023. MTD lost 687.47 points, or 42.54%, in 27 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (1082.93) is broken. A broken support is considered to be a long-term bullish signal. 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 MTD medium-term trend chart] A medium-term uptrend had started on October 30, 2023 at 928.50 and reached 1364.59 on March 8, 2024. MTD gained -436.09 points, or -46.97%, in 18 weeks. The price is now at the 9.20% retracement level. Weekly Technical Indicators: [See MTD 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 above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help. Short-term trend: [See MTD short-term trend chart] A short-term uptrend had started on February 13, 2024 at 1133.46 and reached 1364.59 on March 8, 2024. MTD gained -231.13 points, or -20.39%, in 24 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 1301.88 and resistance is at 1421.12. 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 MTD daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since February 26, 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.
| |
|
|