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Archive
- 4/5/2024 -
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PPG Industries (PPG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the PPG Industries (PPG). During the week, the PPG dropped -5.86 points, or -4.04%, and closed at 139.04 on Friday, April 5, 2024. Weekly volume was -28% below average.
PPG is a member of Materials Sector. Materials 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 PPG long-term trend chart]
A long-term downtrend had started on June 7, 2021 at 182.97 and reached 107.06 on June 17, 2022. PPG lost 75.91 points, or 41.49%, in 53 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 124.55 and resistance is at 142.64. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 136.55 on February 8, 2024. PPG lost 14.61 points, or 9.67%, in 8 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 137.66 and resistance is at 141.59. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle 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 below its signal line since February 23, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See PPG short-term trend chart]
A short-term uptrend had started on February 8, 2024 at 136.55 and reached 145.60 on April 1, 2024. PPG gained -9.05 points, or -6.63%, in 53 days. The price is now at the 72.49% retracement level.
Daily Technical Indicators: [See PPG daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
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.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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