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|It was the negative week for the Analog Devices (ADI). During the week, the ADI gave back -0.58 points, or -0.61%, and closed at 94.15 on Friday, March 16, 2018. Weekly volume was -24% below average. |
ADI is a member of Technology Sector. Technology 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 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 (64.53) 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 uptrend had started on July 3, 2017 at 76.07 and reached 98.38 on January 18, 2018. ADI gained -22.31 points, or -29.33%, in 28 weeks. The price is now at the 18.96% retracement level.
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. The distance between MACD and the signal line is low and getting smaller. 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 February 9, 2018 at 80.95 and reached 96.85 on March 13, 2018. ADI gained -15.90 points, or -19.64%, in 32 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 91.73 and resistance is at 97.49. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a short-term trend.
Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since February 20, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the 20 Day Moving Average 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.