Air Products & Chemicals
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|It was a first positive week after 3 consecutive negative weeks for the Air Products & Chemicals (APD). During the week, the APD climbed 0.91 points, or 0.58%, and closed at 156.64 on Friday, July 06, 2018. Weekly volume was -25% below average. |
Long-term trend: [See APD long-term trend chart]
A long-term uptrend had started on October 27, 2016 at 129.00 and reached 175.17 on January 25, 2018. APD gained -46.17 points, or -35.79%, in 65 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 148.25 and resistance is at 185.06. 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 long-term trend.
Medium-term trend: [See APD medium-term trend chart]
A medium-term downtrend had started on January 25, 2018 at 175.17 and reached 152.71 on February 8, 2018. APD lost 22.46 points, or 12.82%, in 2 weeks. The price is now at the 17.50% retracement level.
Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 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 near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
Short-term trend: [See APD short-term trend chart]
A short-term downtrend had started on May 21, 2018 at 170.29 and reached 154.29 on July 2, 2018. APD lost 16.00 points, or 9.40%, in 42 days. The price is now at the 14.69% retracement level.
Daily Technical Indicators: [See APD daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since June 14, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
The distance between the Bollinger Bands is 113.12% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.