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|It was a third consecutive positive week for the Analog Devices (ADI). During the week, the ADI gained 2.28 points, or 2.46%, and closed at 94.88 on Friday, May 18, 2018. Weekly volume was -13% below average. |
ADI is a member of Technology Sector. 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 December 5, 2008 at 15.29 and reached 98.38 on January 18, 2018. ADI gained -83.09 points, or -543.43%, in 475 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (65.40) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 ADI medium-term trend chart]
A medium-term downtrend had started on March 13, 2018 at 96.85 and reached 86.03 on April 30, 2018. ADI lost 10.82 points, or 11.17%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (85.54) 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. ADI 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 medium-term trend.
Weekly Technical Indicators: [See ADI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend 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 April 30, 2018 at 86.03 and reached 95.57 on May 18, 2018. ADI gained -9.54 points, or -11.09%, in 18 days. The price is now at the 7.23% retracement level.
Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since May 4, 2018. This is an indication that the short-term trend is up.