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Archive
- 11/8/2024 -
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Weyerhaeuser Corp. (WY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Weyerhaeuser Corp. (WY). During the week, the WY gained 0.71 points, or 2.28%, and closed at 31.89 on Friday, November 8, 2024. It was the best weekly gain since September 20, 2024. Weekly volume was -7% below average.
 Long-term trend: [See WY long-term trend chart]
A long-term downtrend had started on March 28, 2024 at 36.27 and reached 26.73 on July 5, 2024. WY lost 9.54 points, or 26.30%, in 14 weeks. The price is now at the 54.09% retracement level.
 Medium-term trend: [See WY medium-term trend chart]
A medium-term uptrend had started on July 5, 2024 at 26.73 and reached 34.03 on September 27, 2024. WY gained -7.30 points, or -27.31%, in 12 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (35.51) 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 medium-term trend.
 Weekly Technical Indicators: [See WY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 26, 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 WY short-term trend chart]
A short-term downtrend had started on September 27, 2024 at 34.03 and reached 30.51 on October 29, 2024. WY lost 3.52 points, or 10.34%, in 32 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 29.59 and resistance is at 32.97. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See WY daily technical indicators chart]
Daily technical indicators are neutral.
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.
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 is close to the moving average in the center of the Bollinger Bands. 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 20 Day Moving Average 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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