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Downtrend ResistanceArchive
- 4/5/2024 -
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TransDigm Group (TDG) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the TransDigm Group (TDG). During the week, the TDG climbed 3.68 points, or 0.30%, and closed at 1235.28 on Friday, April 5, 2024. Weekly volume was -17% below average.
TDG is a member of Industrials Sector. Industrials 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 TDG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 499.63 and reached 1246.22 on April 4, 2024. TDG gained -746.59 points, or -149.43%, in 77 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (1066.98) 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 TDG medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 811.42 and reached 1246.22 on April 4, 2024. TDG gained -434.80 points, or -53.59%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 1184.80 and resistance is at 1272.75. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See TDG weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 10, 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 TDG short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 1238.95 and reached 1200.00 on April 4, 2024. TDG lost 38.95 points, or 3.14%, in 7 days. The price is now at the 90.58% retracement level.
 Daily Technical Indicators: [See TDG 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.
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