The Greedy Trader Weekly Analysis
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Analog Devices (ADI)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtOversold industry
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought area
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It was a third consecutive positive week for the Analog Devices (ADI). During the week, the ADI climbed 0.98 points, or 0.60%, and closed at 165.58 on Friday, June 4, 2021. Weekly volume was -18% below average.

ADI is a member of Semiconductors Industry. Semiconductors is the ninth most oversold industry. 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 166.32 on June 1, 2021. ADI gained -151.03 points, or -987.77%, in 651 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (81.59) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 January 15, 2016 at 47.24 and reached 166.32 on June 1, 2021. ADI gained -119.08 points, or -252.07%, in 280 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (92.36) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See ADI 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 below its signal line since March 5, 2021. 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 March 4, 2021 at 142.25 and reached 166.32 on June 1, 2021. ADI gained -24.07 points, or -16.92%, in 89 days. Price is near the trend high.

Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 19, 2021. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.23
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 79.27
Greed/Fear Indicator (GFI) 78.94
Moving Average Converg./Diverg. (MACD) 1.79
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.86
Williams' Percentage Range (W%R) 16.30
Overbought
Lane's Stochastic (%D-Slow) 57.87
Greed/Fear Indicator (GFI) 65.99
Moving Average Converg./Diverg. (MACD) 6.50
Trading Signals
Description Value Chart
Upper Bollinger Band 173.66
Price 165.58
Daily Stochastic Crossing 165.01
Parabolic System 158.48
Weekly Stochastic Crossing 157.37
50 Day Moving Average 157.19
20 Day Moving Average 157.04
Quarterly Trendline Resistance 145.40
Lower Bollinger Band 145.27
Yearly Trendline Resistance 142.08
Sector and Industry
Description Name Rank
Sector Information Technology 3
Industry Semiconductors 9
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 142.25
Low Date 03/04/2021
High 166.32
High Date 06/01/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 110.47
Low Date 07/23/2020
High 166.32
High Date 06/01/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.08
Low Date 03/18/2020
High 166.32
High Date 06/01/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 145.40
Support 92.36
Low 47.24
Low Date 01/15/2016
High 166.32
High Date 06/01/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 142.08
Support 81.59
Low 15.29
Low Date 12/05/2008
High 166.32
High Date 06/01/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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