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Downtrend Broken Resist.Archive
- 1/10/2025 -
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State Street Corp. (STT) Technical Analysis
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| Summary:
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| | It was the negative week for the State Street Corp. (STT). During the week, the STT dropped -3.76 points, or -3.85%, and closed at 93.91 on Friday, January 10, 2025. It was the worst weekly loss since September 6, 2024. Weekly volume was -18% below average.
STT 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 STT long-term trend chart]
A long-term downtrend had started on January 13, 2022 at 104.87 and reached 58.62 on October 13, 2022. STT lost 46.25 points, or 44.10%, in 39 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (67.58) 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 STT medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 58.62 and reached 101.90 on December 11, 2024. STT gained -43.28 points, or -73.83%, in 112 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (72.72) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 STT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 12, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See STT short-term trend chart]
A short-term uptrend had started on June 17, 2024 at 70.20 and reached 101.90 on December 11, 2024. STT gained -31.70 points, or -45.16%, in 177 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (94.66) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.
Daily Technical Indicators: [See STT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since December 16, 2024.
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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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 price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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