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Advanced TA SearchArchive
- 5/10/2024 -
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A.O. Smith (AOS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 4 consecutive negative weeks for the A.O. Smith (AOS). During the week, the AOS gained 2.07 points, or 2.46%, and closed at 86.38 on Friday, May 10, 2024. It was the best weekly gain since March 22, 2024. Weekly volume was -41% below average.
AOS is a member of Industrials Sector. Industrials is the second 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 AOS long-term trend chart]
A long-term uptrend had started on September 25, 2023 at 64.14 and reached 89.96 on March 21, 2024. AOS gained -25.82 points, or -40.26%, in 25 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (85.69) 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 AOS medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 89.96 and reached 80.64 on April 25, 2024. AOS lost 9.32 points, or 10.36%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 76.86 and resistance is at 88.85. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See AOS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 19, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See AOS short-term trend chart]
A short-term uptrend had started on April 25, 2024 at 80.64 and reached 87.36 on May 10, 2024. AOS gained -6.72 points, or -8.33%, in 15 days. The price is now at the 14.58% retracement level.
 Daily Technical Indicators: [See AOS daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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.
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