The Greedy Trader Weekly Analysis
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Air Products & Chemicals
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Summary:
Weekly :Oversold sectorStochastic signal line moved above oversold areaTrend support at 161.53
Daily :Price has crossed below the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Air Products & Chemicals (APD). During the week, the APD gave back -1.28 points, or -0.79%, and closed at 159.96 on Friday, August 03, 2018. APD was trading at average weekly trading volume.

APD is a member of Basic Materials Sector. Basic Materials is the second most oversold 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 APD long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 114.64 and reached 175.17 on January 25, 2018. APD gained -60.53 points, or -52.80%, in 105 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (161.53) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 chart has formed a Rectangle chart pattern. The trend support level is at 152.76 and resistance is at 175.60. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a medium-term trend.

Weekly Technical Indicators: [See APD weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 below its signal line since February 2, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See APD short-term trend chart]
A short-term uptrend had started on July 20, 2018 at 153.01 and reached 165.09 on July 31, 2018. APD gained -12.08 points, or -7.89%, in 11 days. The price is now at the 42.47% retracement level.

Daily Technical Indicators: [See APD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since July 23, 2018. This is an indication that the short-term trend is up.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.16
Williams' Percentage Range (W%R) 34.00
Lane's Stochastic (%D-Slow) 70.34
Greed/Fear Indicator (GFI) 66.16
Moving Average Converg./Diverg. (MACD) -0.09
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.11
Williams' Percentage Range (W%R) 56.70
Lane's Stochastic (%D-Slow) 24.04
Greed/Fear Indicator (GFI) 37.94
Moving Average Converg./Diverg. (MACD) 0.27
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 181.72
Monthly Trendline Resistance 175.60
Upper Bollinger Band 164.76
Daily Stochastic Crossing 161.78
Quarterly Trendline Support 161.53
50 Day Moving Average 160.11
Price 159.96
20 Day Moving Average 158.16
Parabolic System 157.75
Weekly Stochastic Crossing 157.61
Lower Bollinger Band 153.33
Monthly Trendline Support 152.76
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Chemicals-Major Diversifd 34
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 153.01
Low Date 07/20/2018
High 165.09
High Date 07/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 170.29
High Date 05/21/2018
Low 153.01
Low Date 07/20/2018
Description Value
Direction Down
Chart Pattern Rectangle
Status Valid
Resistance 175.60
Support 152.76
High 175.17
High Date 01/25/2018
Low 152.71
Low Date 02/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 181.72
Support 161.53
Low 114.64
Low Date 01/20/2016
High 175.17
High Date 01/25/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.00
Low Date 03/08/2000
High 175.17
High Date 01/25/2018
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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