|
|
Advanced TA SearchArchive
- 4/5/2024 -
Sign In to see current Signals. |
Analog Devices (ADI) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Analog Devices (ADI). During the week, the ADI dropped -3.03 points, or -1.53%, and closed at 194.76 on Friday, April 5, 2024. It was the worst weekly loss since February 16, 2024. Weekly volume was -30% below average.
ADI is a member of Information Technology Sector. Information Technology 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 ADI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 133.48 and reached 202.75 on December 15, 2023. ADI gained -69.27 points, or -51.90%, in 61 weeks. The price is now at the 11.53% retracement level.
Medium-term trend: [See ADI medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 154.99 and reached 202.75 on December 15, 2023. ADI gained -47.76 points, or -30.81%, in 6 weeks. The price is now at the 16.73% retracement level.
 Weekly Technical Indicators: [See ADI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 24, 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 ADI short-term trend chart]
A short-term uptrend had started on January 4, 2024 at 181.81 and reached 202.44 on January 24, 2024. ADI gained -20.63 points, or -11.35%, in 20 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 184.61 and resistance is at 198.81. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 3, 2024. The distance between MACD and the signal line is low and getting smaller.
Price is close to the 50 Day Moving Average. 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.
| |
|
|