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Downtrend Broken Resist.Archive
- 7/19/2024 -
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Apartment Investment & Mgmt'A' (AIV) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Apartment Investment & Mgmt'A' (AIV). During the week, the AIV gained 0.52 points, or 6.12%, and closed at 9.01 on Friday, July 19, 2024. It was the best weekly gain since March 22, 2024. Weekly volume was -12% below average.
AIV is a member of Real Estate Sector. Real Estate 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 AIV long-term trend chart]
A long-term downtrend had started on August 12, 2022 at 9.79 and reached 5.63 on October 30, 2023. AIV lost 4.16 points, or 42.49%, in 63 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (4.98) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AIV may retest the broken resistance line. It is considered to be a support 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 resistance line in a long-term trend.
 Medium-term trend: [See AIV medium-term trend chart]
A medium-term uptrend had started on May 29, 2024 at 7.68 and reached 9.14 on July 17, 2024. AIV gained -1.46 points, or -19.01%, in 7 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 8.37 and resistance is at 9.24. 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 medium-term trend.
 Weekly Technical Indicators: [See AIV weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 weekly MACD line is above its signal line since June 28, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See AIV short-term trend chart]
A short-term uptrend had started on July 16, 2024 at 9.12 and reached 9.14 on July 17, 2024. AIV gained -0.02 points, or -0.22%, in 1 days. The price is now at the 650.00% retracement level.
 Daily Technical Indicators: [See AIV daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is above its signal line since June 20, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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