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Downtrend ResistanceArchive
- 4/19/2024 -
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KeyCorp (KEY) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the KeyCorp (KEY). During the week, the KEY climbed 0.02 points, or 0.14%, and closed at 14.63 on Friday, April 19, 2024. Weekly volume was 10% above average.
KEY is a member of Financials Sector. Financials 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 KEY long-term trend chart]
A long-term downtrend had started on January 18, 2022 at 27.17 and reached 8.54 on May 4, 2023. KEY lost 18.63 points, or 68.57%, in 67 weeks. The price is now at the 32.69% retracement level.
 Medium-term trend: [See KEY medium-term trend chart]
A medium-term uptrend had started on May 4, 2023 at 8.54 and reached 15.86 on March 28, 2024. KEY gained -7.32 points, or -85.71%, in 47 weeks. The price is now at the 16.80% retracement level.
 Weekly Technical Indicators: [See KEY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 7, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See KEY short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 13.25 and reached 15.86 on March 28, 2024. KEY gained -2.61 points, or -19.70%, in 44 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (15.32) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. KEY may retest the broken support line. It is considered to be a resistance 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 support in a short-term trend.
 Daily Technical Indicators: [See KEY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 daily MACD line is below its signal line since April 3, 2024.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
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