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|It was a first positive week for the Analog Devices (ADI). During the week, the ADI gained 1.28 points, or 1.33%, and closed at 97.20 on Friday, July 06, 2018. Weekly volume was -38% below average. |
Long-term trend: [See ADI long-term trend chart]
A long-term uptrend had started on December 5, 2008 at 15.29 and reached 103.59 on June 7, 2018. ADI gained -88.30 points, or -577.50%, in 495 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (66.05) 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 April 30, 2018 at 86.03 and reached 103.59 on June 7, 2018. ADI gained -17.56 points, or -20.41%, in 5 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Weekly Technical Indicators: [See ADI weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since May 18, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See ADI short-term trend chart]
A short-term downtrend had started on June 7, 2018 at 103.59 and reached 94.37 on July 3, 2018. ADI lost 9.22 points, or 8.90%, in 26 days. The price is now at the 30.69% retracement level.
Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since June 15, 2018. This is an indication that the short-term trend is down.
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.