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Archive
- 11/8/2024 -
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PPG Industries (PPG) Technical Analysis
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| Summary:
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| | It was a first positive week for the PPG Industries (PPG). During the week, the PPG climbed 1.10 points, or 0.88%, and closed at 125.50 on Friday, November 8, 2024. PPG was trading at average weekly trading volume.
 Long-term trend: [See PPG long-term trend chart]
A long-term downtrend had started on July 18, 2023 at 152.89 and reached 118.07 on August 7, 2024. PPG lost 34.82 points, or 22.77%, in 55 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 116.56 and resistance is at 147.50. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See PPG medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 151.16 and reached 118.07 on August 7, 2024. PPG lost 33.09 points, or 21.89%, in 33 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 108.23 and resistance is at 135.02. 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 medium-term trend.
 Weekly Technical Indicators: [See PPG weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 6, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See PPG short-term trend chart]
A short-term downtrend had started on September 27, 2024 at 137.24 and reached 123.10 on November 5, 2024. PPG lost 14.14 points, or 10.30%, in 39 days. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (125.32). 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 short-term trend.
Daily Technical Indicators: [See PPG daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 Lane's Stochastic help.
The daily MACD line is below its signal line since October 18, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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