|
|
Uptrend Broken SupportArchive
- 4/5/2024 -
Sign In to see current Signals. |
Constellation Brands (STZ) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Constellation Brands (STZ). During the week, the STZ dropped -6.13 points, or -2.26%, and closed at 265.63 on Friday, April 5, 2024. It was the worst weekly loss since February 9, 2024. Weekly volume was 12% above average.
 Long-term trend: [See STZ long-term trend chart]
A long-term downtrend had started on August 8, 2023 at 273.65 and reached 227.50 on October 13, 2023. STZ lost 46.15 points, or 16.86%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (248.09) 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 long-term trend.
 Medium-term trend: [See STZ medium-term trend chart]
A medium-term uptrend had started on October 13, 2023 at 227.50 and reached 273.00 on March 28, 2024. STZ gained -45.50 points, or -20%, in 23 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 247.72 and resistance is at 279.80. 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 medium-term trend.
 Weekly Technical Indicators: [See STZ weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 January 5, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See STZ short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 273.00 and reached 262.54 on April 5, 2024. STZ lost 10.46 points, or 3.83%, in 8 days. The price is now at the 29.54% retracement level.
 Daily Technical Indicators: [See STZ daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. 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.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
| |
|
|