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Downtrend Broken Resist.Archive
- 4/5/2024 -
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DuPont (DD) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the DuPont (DD). During the week, the DD dropped -1.14 points, or -1.49%, and closed at 75.53 on Friday, April 5, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -34% below average.
DD is a member of Materials Sector. Materials 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 DD long-term trend chart]
A long-term uptrend had started on September 27, 2022 at 49.52 and reached 78.74 on July 27, 2023. DD gained -29.22 points, or -59.01%, in 43 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (83.57) 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 long-term trend.
 Medium-term trend: [See DD medium-term trend chart]
A medium-term downtrend had started on July 27, 2023 at 78.74 and reached 61.14 on February 2, 2024. DD lost 17.60 points, or 22.35%, in 27 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (77.14). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.
 Weekly Technical Indicators: [See DD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 weekly MACD line is above its signal line since March 15, 2024. Use the following link to access a MACD help.
 Short-term trend: [See DD short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 77.94 and reached 74.92 on April 5, 2024. DD lost 3.02 points, or 3.87%, in 1 days. The price is now at the 20.20% retracement level.
 Daily Technical Indicators: [See DD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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