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Archive
- 11/8/2024 -
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Constellation Brands (STZ) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Constellation Brands (STZ). During the week, the STZ climbed 1.60 points, or 0.69%, and closed at 234.40 on Friday, November 8, 2024. It was the best weekly gain since September 27, 2024. Weekly volume was 63% above average.
STZ is a member of Consumer Staples Sector. Consumer Staples is the most oversold sector. STZ is a member of Distillers & Vintners Industry. Distillers & Vintners is the tenth most oversold industry. 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 STZ long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 104.28 and reached 274.87 on April 11, 2024. STZ gained -170.59 points, or -163.59%, in 211 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (268.77) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See STZ medium-term trend chart]
A medium-term downtrend had started on April 11, 2024 at 274.87 and reached 224.80 on November 6, 2024. STZ lost 50.07 points, or 18.22%, in 29 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 224.53 and resistance is at 252.43. 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 medium-term trend.
 Weekly Technical Indicators: [See STZ weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 4, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See STZ short-term trend chart]
A short-term downtrend had started on September 30, 2024 at 261.06 and reached 224.80 on November 6, 2024. STZ lost 36.26 points, or 13.89%, in 37 days. The price is now at the 26.48% retracement level.
 Daily Technical Indicators: [See STZ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since October 2, 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.
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