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Archive
- 4/5/2024 -
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RECKSON ASSOC (RA) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the RECKSON ASSOC (RA). During the week, the RA gave back -0.02 points, or -0.15%, and closed at 12.90 on Friday, April 5, 2024. Weekly volume was -35% below average.
 Long-term trend: [See RA long-term trend chart]
A long-term uptrend had started on October 23, 2023 at 11.89 and reached 13.40 on February 2, 2024. RA gained -1.51 points, or -12.70%, in 14 weeks. The price is now at the 33.11% retracement level.
 Medium-term trend: [See RA medium-term trend chart]
A medium-term downtrend had started on February 2, 2024 at 13.40 and reached 12.69 on March 15, 2024. RA lost 0.71 points, or 5.30%, in 6 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (12.68) 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 medium-term trend.
 Weekly Technical Indicators: [See RA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 24, 2023. 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 RA short-term trend chart]
A short-term uptrend had started on March 26, 2024 at 12.83 and reached 12.98 on April 5, 2024. RA gained -0.15 points, or -1.17%, in 10 days. The price is now at the 53.33% retracement level.
Daily Technical Indicators: [See RA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 April 1, 2024. The distance between MACD and the signal line is low, but getting bigger.
A Parabolic SAR (stop and reversal) indicator (12.87) comes close to the price (12.90). It indicates that the trend is getting weaker. 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 distance between the Bollinger Bands (1.24%) is close to one year low (1.54%). It is 85.42% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.
Price is close to the 50 Day Moving Average. 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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