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Uptrend ExhaustionArchive
- 12/13/2024 -
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Northern Trust Corp. (NTRS) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Northern Trust Corp. (NTRS). During the week, the NTRS dropped -2.92 points, or -2.71%, and closed at 105.00 on Friday, December 13, 2024. Weekly volume was 36% above average.
NTRS 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 NTRS long-term trend chart]
A long-term downtrend had started on January 13, 2022 at 135.15 and reached 62.44 on October 25, 2023. NTRS lost 72.71 points, or 53.80%, in 92 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (47.35) 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 NTRS medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 62.44 and reached 111.87 on November 29, 2024. NTRS gained -49.43 points, or -79.16%, in 57 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (95.16). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See NTRS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since August 23, 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 NTRS short-term trend chart]
A short-term downtrend had started on December 5, 2024 at 110.60 and reached 104.10 on December 13, 2024. NTRS lost 6.50 points, or 5.88%, in 8 days. The price is now at the 13.85% retracement level.
 Daily Technical Indicators: [See NTRS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since November 26, 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.
 Candlestick pattern: [See NTRS candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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