Apartment Investment & Mgmt'A'
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|It was a second consecutive positive week for the Apartment Investment & Mgmt'A' (AIV). During the week, the AIV gained 0.70 points, or 1.75%, and closed at 40.69 on Friday, March 16, 2018. Weekly volume was 25% above average. |
Long-term trend: [See AIV long-term trend chart]
A long-term downtrend had started on September 27, 2016 at 47.91 and reached 37.97 on February 21, 2018. AIV lost 9.94 points, or 20.75%, in 73 weeks. The chart has formed a Rising Pennant chart pattern. The downtrend support line (44.29) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.
Medium-term trend: [See AIV medium-term trend chart]
A medium-term downtrend had started on September 8, 2017 at 46.72 and reached 37.97 on February 21, 2018. AIV lost 8.75 points, or 18.73%, in 23 weeks. The price is now at the 31.09% retracement level.
Weekly Technical Indicators: [See AIV weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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.
The weekly MACD line is below its signal line since September 29, 2017. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See AIV short-term trend chart]
A short-term downtrend had started on November 14, 2017 at 45.64 and reached 37.97 on February 21, 2018. AIV lost 7.67 points, or 16.81%, in 99 days. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (41.08). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.
Daily Technical Indicators: [See AIV daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since February 23, 2018. The distance between MACD and the signal line is near its high and getting bigger.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.