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Uptrend SupportArchive - 12/13/2024 - Sign In to see current Signals. |
TransDigm Group (TDG) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the TransDigm Group (TDG). During the week, the TDG dropped -20.21 points, or -1.58%, and closed at 1259.00 on Friday, December 13, 2024. Weekly volume was 26% above average. TDG is a member of Industrials Sector. Industrials 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 TDG long-term trend chart] A long-term uptrend had started on October 13, 2022 at 499.63 and reached 1451.32 on October 2, 2024. TDG gained -951.69 points, or -190.48%, in 102 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (1344.35) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. TDG may retest the broken support line. It is considered to be a resistance line now. 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 TDG medium-term trend chart] A medium-term uptrend had started on November 22, 2024 at 1230.00 and reached 1317.59 on December 4, 2024. TDG gained -87.59 points, or -7.12%, in 1 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (1268.50) 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 medium-term trend. Weekly Technical Indicators: [See TDG weekly technical indicators chart] Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help. The weekly MACD line is below its signal line since October 18, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help. Short-term trend: [See TDG short-term trend chart] A short-term downtrend had started on December 4, 2024 at 1317.59 and reached 1235.00 on December 13, 2024. TDG lost 82.59 points, or 6.27%, in 9 days. The price is now at the 29.06% retracement level. Daily Technical Indicators: [See TDG daily technical indicators chart] Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help. The daily MACD line is above its signal line since December 3, 2024. The distance between MACD and the signal line is low and getting smaller. 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.
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