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- 3/15/2024 -
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TE Connectivity Ltd. (TEL) Technical Analysis

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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe period of low volatility of the stock price
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It was the negative week for the TE Connectivity Ltd. (TEL). During the week, the TEL gave back -1.37 points, or -0.97%, and closed at 139.16 on Friday, March 15, 2024. Weekly volume was 10% above average.

TEL is a member of Information Technology Sector. Information Technology is the second 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 October 13, 2022 at 104.76 and reached 146.84 on January 30, 2024. TEL gained -42.08 points, or -40.17%, in 67 weeks. The price is now at the 18.25% retracement level.

Medium-term trend: [See TEL medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 115.00 and reached 146.84 on January 30, 2024. TEL gained -31.84 points, or -27.69%, in 13 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See TEL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 24, 2023. 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 TEL short-term trend chart]
A short-term downtrend had started on March 12, 2024 at 142.13 and reached 138.16 on March 15, 2024. TEL lost 3.97 points, or 2.79%, in 3 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See TEL daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The daily MACD line is below its signal line since February 12, 2024. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is falling, and it was 4.23% on Friday. It is 55.51% lower than one year average. It indicates the period of low volatility of the stock price. 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. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.78
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 24.77
Greed/Fear Indicator (GFI) 20.52
Moving Average Converg./Diverg. (MACD) 0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.12
Williams' Percentage Range (W%R) 27.30
Lane's Stochastic (%D-Slow) 73.63
Greed/Fear Indicator (GFI) 65.05
Moving Average Converg./Diverg. (MACD) 2.97
Trading Signals
Description Value Chart
Upper Bollinger Band 144.21
Parabolic System 142.64
Weekly Stochastic Crossing 142.20
20 Day Moving Average 141.81
50 Day Moving Average 139.76
Daily Stochastic Crossing 139.34
Price 139.16
Lower Bollinger Band 138.35
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Electronic Manufacturing Services 17
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 142.13
High Date 03/12/2024
Low 138.16
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 142.13
High Date 03/12/2024
Low 138.16
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 144.63
High Date 02/15/2024
Low 138.16
Low Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 115.00
Low Date 10/27/2023
High 146.84
High Date 01/30/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.76
Low Date 10/13/2022
High 146.84
High Date 01/30/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.