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Downtrend ExhaustionArchive
- 4/19/2024 -
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Weyerhaeuser Corp. (WY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Weyerhaeuser Corp. (WY). During the week, the WY dropped -1.77 points, or -5.32%, and closed at 31.47 on Friday, April 19, 2024. Weekly volume was -9% below average.
WY is a member of Real Estate Sector. Real Estate is the second most oversold 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 WY long-term trend chart]
A long-term downtrend had started on February 9, 2022 at 43.04 and reached 27.37 on September 29, 2022. WY lost 15.67 points, or 36.41%, in 33 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (28.27) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See WY medium-term trend chart]
A medium-term uptrend had started on January 26, 2024 at 31.91 and reached 36.27 on March 28, 2024. WY gained -4.36 points, or -13.66%, in 8 weeks. The price is now at the 110.09% retracement level.
 Weekly Technical Indicators: [See WY weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 28, 2024 at 36.27 and reached 31.15 on April 19, 2024. WY lost 5.12 points, or 14.12%, in 22 days. The price is now at the 6.25% retracement level.
 Daily Technical Indicators: [See WY daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands is 113.16% higher then one year average. It indicates the period of high 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.
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