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Downtrend ExhaustionArchive
- 4/5/2024 -
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Apartment Investment & Mgmt'A' (AIV) Technical Analysis
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| Summary:
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| | It was the negative week for the Apartment Investment & Mgmt'A' (AIV). During the week, the AIV dropped -0.35 points, or -4.27%, and closed at 7.84 on Friday, April 5, 2024. It was the worst weekly loss since February 23, 2024. Weekly volume was -41% below average.
AIV is a member of Real Estate Sector. Real Estate 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 AIV long-term trend chart]
A long-term downtrend had started on August 12, 2022 at 9.79 and reached 5.63 on October 30, 2023. AIV lost 4.16 points, or 42.49%, in 63 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 5.22 and resistance is at 8.34. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See AIV medium-term trend chart]
A medium-term downtrend had started on July 24, 2023 at 8.93 and reached 5.63 on October 30, 2023. AIV lost 3.30 points, or 36.95%, in 14 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (7.58) is broken. A broken support is considered to be a long-term bullish signal. 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 AIV 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. 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 AIV short-term trend chart]
A short-term uptrend had started on February 23, 2024 at 7.06 and reached 8.23 on April 1, 2024. AIV gained -1.17 points, or -16.57%, in 38 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 7.62 and resistance is at 8.34. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See AIV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
A Parabolic SAR (stop and reversal) indicator (7.78) comes close to the price (7.84). It indicates that the trend is getting weaker. 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.
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