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Downtrend ExhaustionArchive
- 4/25/2025 -
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PPG Industries (PPG) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a first positive week for the PPG Industries (PPG). During the week, the PPG gained 2.55 points, or 2.55%, and closed at 102.60 on Friday, April 25, 2025. Weekly volume was -14% below average.
 Long-term trend: [See PPG long-term trend chart]
A long-term downtrend had started on December 14, 2023 at 151.16 and reached 90.20 on April 8, 2025. PPG lost 60.96 points, or 40.33%, in 68 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 91.39 and resistance is at 127.08. 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 PPG medium-term trend chart]
A medium-term downtrend had started on September 27, 2024 at 137.24 and reached 90.20 on April 8, 2025. PPG lost 47.04 points, or 34.28%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 97.76 and resistance is at 115.17. 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 below its signal line since December 13, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 PPG short-term trend chart]
A short-term downtrend had started on January 24, 2025 at 124.70 and reached 90.20 on April 8, 2025. PPG lost 34.50 points, or 27.67%, in 74 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See PPG daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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