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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
International Flav/Frag (IFF) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the International Flav/Frag (IFF). During the week, the IFF gained 4.10 points, or 5.21%, and closed at 82.85 on Friday, March 15, 2024. It was the best weekly gain since November 3, 2023. Weekly volume was -17% below average. IFF is a member of Materials Sector. Materials is the 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 IFF long-term trend chart] A long-term downtrend had started on August 11, 2021 at 157.08 and reached 62.11 on August 18, 2023. IFF lost 94.97 points, or 60.46%, in 105 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Medium-term trend: [See IFF medium-term trend chart] A medium-term uptrend had started on August 18, 2023 at 62.11 and reached 83.41 on January 12, 2024. IFF gained -21.30 points, or -34.29%, in 21 weeks. Price is near the trend high. Weekly Technical Indicators: [See IFF weekly technical indicators chart] Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since October 13, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help. Short-term trend: [See IFF short-term trend chart] A short-term downtrend had started on January 12, 2024 at 83.41 and reached 72.94 on February 28, 2024. IFF lost 10.47 points, or 12.55%, in 47 days. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (71.09) 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. IFF 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 short-term trend. Daily Technical Indicators: [See IFF daily technical indicators chart] Daily Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Lane's Stochastic. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since March 6, 2024. 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. Such crossover is considered a bullish signal. 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.
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