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Uptrend ExhaustionArchive
- 9/13/2024 -
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Weyerhaeuser Corp. (WY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Weyerhaeuser Corp. (WY). During the week, the WY gained 2.10 points, or 6.92%, and closed at 32.45 on Friday, September 13, 2024. Weekly volume was 18% above average.
WY 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 WY long-term trend chart]
A long-term downtrend had started on March 28, 2024 at 36.27 and reached 26.73 on July 5, 2024. WY lost 9.54 points, or 26.30%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (31.56) 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. WY 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 WY medium-term trend chart]
A medium-term uptrend had started on July 5, 2024 at 26.73 and reached 32.47 on September 13, 2024. WY gained -5.74 points, or -21.47%, in 10 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See WY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 July 26, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See WY short-term trend chart]
A short-term uptrend had started on August 16, 2024 at 29.69 and reached 32.47 on September 13, 2024. WY gained -2.78 points, or -9.36%, in 28 days. Price is near the trend high.
 Daily Technical Indicators: [See WY daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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