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Uptrend ExhaustionArchive
- 4/19/2024 -
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Western Union Co. (WU) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Western Union Co. (WU). During the week, the WU dropped -0.17 points, or -1.29%, and closed at 13.02 on Friday, April 19, 2024. Weekly volume was -30% below average.
 Long-term trend: [See WU long-term trend chart]
A long-term downtrend had started on February 11, 2020 at 28.45 and reached 10.07 on March 15, 2023. WU lost 18.38 points, or 64.60%, in 161 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 7.35 and resistance is at 22.05. 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 long-term trend.
 Medium-term trend: [See WU medium-term trend chart]
A medium-term downtrend had started on April 26, 2021 at 26.61 and reached 10.07 on March 15, 2023. WU lost 16.54 points, or 62.16%, in 98 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (5.72) 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 medium-term trend.
 Weekly Technical Indicators: [See WU weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since January 19, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See WU short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 14.00 and reached 12.67 on April 16, 2024. WU lost 1.33 points, or 9.5%, in 19 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See WU daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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. 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 daily MACD line is below its signal line since March 13, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (13.04) comes close to the price (13.02). It indicates that the trend is getting weaker. 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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