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Quarterly Pattern:Rising Wedge
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Rising Wedge Pattern (Ascending Wedge)

Rising Wedge Chart PatternA Rising Wedge pattern also known as Ascending Wedge pattern is one of the most reliable, low-risk, and high-reward chart pattern. A Rising Wedge (Ascending Wedge) pattern is a triangle formation with noticeable slant to the upside. The line that connects the bottoms of the formation represents a support trend line. The resistance trend line connects the formation's tops. The Rising Wedge pattern is valid when the price touched both the support and resistance lines alternatively at least tree times. Unlike the Rising Channel formation, where support and resistance lines are parallel, in a Rising Wedge formation the support line is noticeably steeper than the resistance line. A Rising Wedge represents the loss of the upside momentum and has a bearish bias.

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- 9/13/2024 -
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Air Products & Chemicals (APD) Technical Analysis

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Summary:
Weekly :Relative Strength Index, Lane's Stochastic and MACD bearish divergenceOversold sectorBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger BandThe period of low volatility of the stock price
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It was a first positive week for the Air Products & Chemicals (APD). During the week, the APD gained 15.42 points, or 5.74%, and closed at 284.13 on Friday, September 13, 2024. Weekly volume was -26% below average.

APD is a member of Materials Sector. Materials 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 APD long-term trend chart]
A long-term uptrend had started on March 8, 2000 at 23.00 and reached 328.56 on December 13, 2022. APD gained -305.56 points, or -1328.52%, in 1187 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (187.15) 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 APD medium-term trend chart]
A medium-term downtrend had started on December 13, 2022 at 328.56 and reached 212.24 on February 6, 2024. APD lost 116.32 points, or 35.40%, in 60 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (262.82) 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 APD weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index, 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 Relative Strength Index help.

The weekly MACD line is above its signal line since April 19, 2024. Use the following link to access a MACD help.

Short-term trend: [See APD short-term trend chart]
A short-term uptrend had started on September 6, 2024 at 267.35 and reached 286.49 on September 13, 2024. APD gained -19.14 points, or -7.16%, in 7 days. The price is now at the 12.33% retracement level.

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

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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands is falling, and it was 4.29% on Friday. It is 60.97% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.73
Williams' Percentage Range (W%R) 29.00
Lane's Stochastic (%D-Slow) 77.18
Greed/Fear Indicator (GFI) 70.30
Moving Average Converg./Diverg. (MACD) 1.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.44
Bearish
Williams' Percentage Range (W%R) 22.40
Lane's Stochastic (%D-Slow) 59.61
Bearish
Greed/Fear Indicator (GFI) 63.23
Moving Average Converg./Diverg. (MACD) 3.46 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 322.19
Price 284.13
Daily Stochastic Crossing 283.33
Upper Bollinger Band 282.05
Quarterly Trendline Resistance 279.66
Weekly Stochastic Crossing 276.62
20 Day Moving Average 276.09
50 Day Moving Average 270.53
Lower Bollinger Band 269.85
Parabolic System 268.75
Monthly Trendline Support 262.82
Quarterly Trendline Support 262.82
Sector and Industry
Description Name Rank
Sector Materials 2
Industry Industrial Gases 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 267.35
Low Date 09/06/2024
High 286.49
High Date 09/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 246.00
Low Date 07/02/2024
High 296.00
High Date 08/01/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 322.19
Support 262.82
Low 212.24
Low Date 02/06/2024
High 296.00
High Date 08/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 279.66
Support 262.82
High 328.56
High Date 12/13/2022
Low 212.24
Low Date 02/06/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 219.81
Support 187.15
Low 23.00
Low Date 03/08/2000
High 328.56
High Date 12/13/2022
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.