Aetna Inc. (New)
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|It was a second consecutive positive week for the Aetna Inc. (New) (AET). During the week, the AET gained 2.14 points, or 1.23%, and closed at 176.81 on Friday, May 18, 2018. Weekly volume was -18% below average. |
Long-term trend: [See AET long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 14.21 and reached 194.40 on January 29, 2018. AET gained -180.19 points, or -1268.05%, in 479 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (78.90) 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 AET medium-term trend chart]
A medium-term uptrend had started on February 9, 2016 at 92.42 and reached 194.40 on January 29, 2018. AET gained -101.98 points, or -110.34%, in 102 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 129.71 and resistance is at 207.87. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See AET weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 2, 2018. Use the following link to access a MACD help.
Short-term trend: [See AET short-term trend chart]
A short-term downtrend had started on April 27, 2018 at 181.26 and reached 169.10 on May 11, 2018. AET lost 12.16 points, or 6.71%, in 14 days. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See AET 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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. 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 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.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.