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Uptrend ExhaustionArchive
- 4/26/2024 -
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Masco Corp. (MAS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Masco Corp. (MAS). During the week, the MAS dropped -2.06 points, or -2.86%, and closed at 69.85 on Friday, April 26, 2024. Weekly volume was 58% above average.
MAS is a member of Industrials Sector. Industrials 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 MAS long-term trend chart]
A long-term uptrend had started on October 26, 2022 at 42.33 and reached 78.94 on March 28, 2024. MAS gained -36.61 points, or -86.49%, in 74 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 50.86 and resistance is at 74.46. 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 long-term trend.
 Medium-term trend: [See MAS medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 78.94 and reached 67.79 on April 25, 2024. MAS lost 11.15 points, or 14.12%, in 4 weeks. The price is now at the 18.48% retracement level.
 Weekly Technical Indicators: [See MAS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See MAS short-term trend chart]
A short-term downtrend had started on April 23, 2024 at 73.20 and reached 67.79 on April 25, 2024. MAS lost 5.41 points, or 7.39%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See MAS daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index and Williams' Percentage Range. 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. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down.
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.
 Candlestick pattern: [See MAS candlestick chart pattern]
On Friday the chart has formed a Bullish Doji Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bullish Doji Candlestick pattern during the last week.
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