The Greedy Trader Weekly Analysis
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- 4/5/2024 -
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Morgan Stanley (MS) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceTrend resistance at 91.11
Daily :
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It was the negative week for the Morgan Stanley (MS). During the week, the MS dropped -1.69 points, or -1.79%, and closed at 92.47 on Friday, April 5, 2024. It was the worst weekly loss since January 19, 2024. Weekly volume was -39% below average.

MS is a member of Financials Sector. Financials 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 MS long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 109.73 and reached 69.42 on October 30, 2023. MS lost 40.31 points, or 36.74%, in 89 weeks. The chart has formed a Falling Wedge chart pattern. The price is near the trend resistance line (91.11). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See MS medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 69.42 and reached 94.74 on April 4, 2024. MS gained -25.32 points, or -36.47%, in 22 weeks. The price is now at the 8.97% retracement level.

Weekly Technical Indicators: [See MS 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. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See MS short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 94.74 and reached 91.61 on April 5, 2024. MS lost 3.13 points, or 3.30%, in 1 days. The price is now at the 27.48% retracement level.

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

The daily MACD line is above its signal line since February 21, 2024. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.83
Williams' Percentage Range (W%R) 28.00
Lane's Stochastic (%D-Slow) 56.56
Greed/Fear Indicator (GFI) 64.47
Moving Average Converg./Diverg. (MACD) 1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.25
Williams' Percentage Range (W%R) 12.00
Overbought
Lane's Stochastic (%D-Slow) 65.52
Bearish
Greed/Fear Indicator (GFI) 67.96
Moving Average Converg./Diverg. (MACD) 1.02 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 95.79
Daily Stochastic Crossing 92.84
Price 92.47
Weekly Stochastic Crossing 91.47
Yearly Trendline Resistance 91.11
20 Day Moving Average 90.75
Parabolic System 90.07
50 Day Moving Average 88.16
Lower Bollinger Band 86.17
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Investment Banking & Brokerage 94
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 94.74
High Date 04/04/2024
Low 91.61
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 94.74
High Date 04/04/2024
Low 91.61
Low Date 04/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.09
Low Date 02/13/2024
High 94.74
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.42
Low Date 10/30/2023
High 94.74
High Date 04/04/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Test Resistance
Resistance 91.11
Support 68.55
High 109.73
High Date 02/10/2022
Low 69.42
Low Date 10/30/2023
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.