|
|
Archive
- 11/8/2024 -
Sign In to see current Signals. |
TE Connectivity Ltd. (TEL) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a fifth consecutive positive week for the TE Connectivity Ltd. (TEL). During the week, the TEL gained 5.10 points, or 3.40%, and closed at 155.10 on Friday, November 8, 2024. It was the best weekly gain since August 16, 2024. Weekly volume was -14% below average.
TEL is a member of Information Technology Sector. Information Technology 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 TEL long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 7.40 and reached 166.44 on November 16, 2021. TEL gained -159.04 points, or -2149.19%, in 662 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 117.66 and resistance is at 206.60. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See TEL medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 104.76 and reached 159.98 on July 24, 2024. TEL gained -55.22 points, or -52.71%, in 92 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 130.81 and resistance is at 164.05. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See TEL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 2, 2024. 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 TEL short-term trend chart]
A short-term uptrend had started on September 11, 2024 at 140.60 and reached 156.80 on November 6, 2024. TEL gained -16.20 points, or -11.52%, in 56 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (145.76) 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 short-term trend.
 Daily Technical Indicators: [See TEL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since October 16, 2024. This is an indication that the short-term trend is up.
During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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.
| |
|
|