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Uptrend ExhaustionArchive
- 4/26/2024 -
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TE Connectivity Ltd. (TEL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the TE Connectivity Ltd. (TEL). During the week, the TEL gave back -0.34 points, or -0.24%, and closed at 140.21 on Friday, April 26, 2024. Weekly volume was 120% above average.
 Long-term trend: [See TEL long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 104.76 and reached 147.98 on April 9, 2024. TEL gained -43.22 points, or -41.26%, in 77 weeks. The price is now at the 17.98% retracement level.
 Medium-term trend: [See TEL medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 115.00 and reached 147.98 on April 9, 2024. TEL gained -32.98 points, or -28.68%, in 23 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (145.37) 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 TEL weekly technical indicators chart]
Weekly technical indicators are neutral.
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 TEL short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 147.98 and reached 138.37 on April 24, 2024. TEL lost 9.61 points, or 6.49%, in 15 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 137.20 and resistance is at 144.90. 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 TEL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 12, 2024. This is an indication that the short-term trend is down.
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