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Archive
- 12/13/2024 -
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Mettler Toledo (MTD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fourth consecutive positive week for the Mettler Toledo (MTD). During the week, the MTD gained 19.08 points, or 1.52%, and closed at 1277.00 on Friday, December 13, 2024. Weekly volume was -12% below average.
MTD is a member of Health Care Sector. Health Care is the second most oversold 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 MTD long-term trend chart]
A long-term downtrend had started on December 30, 2021 at 1714.75 and reached 928.50 on October 30, 2023. MTD lost 786.25 points, or 45.85%, in 95 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 780.47 and resistance is at 1488.92. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See MTD medium-term trend chart]
A medium-term downtrend had started on August 1, 2024 at 1546.93 and reached 1156.00 on November 20, 2024. MTD lost 390.93 points, or 25.27%, in 15 weeks. The price is now at the 30.95% retracement level.
 Weekly Technical Indicators: [See MTD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since August 2, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 November 20, 2024 at 1156.00 and reached 1293.00 on December 11, 2024. MTD gained -137.00 points, or -11.85%, in 21 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (1299.98) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.
 Daily Technical Indicators: [See MTD daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range. 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 links to access Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since November 25, 2024. This is an indication that the short-term trend is up.
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