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Archive
- 4/26/2024 -
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F5 Networks (FFIV) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the F5 Networks (FFIV). During the week, the FFIV gained 4.61 points, or 2.60%, and closed at 181.94 on Friday, April 26, 2024. It was the best weekly gain since January 12, 2024. FFIV was trading at average weekly trading volume.
 Long-term trend: [See FFIV long-term trend chart]
A long-term uptrend had started on April 20, 2023 at 127.05 and reached 199.49 on January 30, 2024. FFIV gained -72.44 points, or -57.02%, in 40 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 163.85 and resistance is at 214.32. 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 long-term trend.
 Medium-term trend: [See FFIV medium-term trend chart]
A medium-term downtrend had started on January 30, 2024 at 199.49 and reached 176.94 on April 19, 2024. FFIV lost 22.55 points, or 11.30%, in 11 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See FFIV weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 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 FFIV short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 196.35 and reached 176.94 on April 19, 2024. FFIV lost 19.41 points, or 9.89%, in 10 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See FFIV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
A Parabolic SAR (stop and reversal) indicator (183.45) comes close to the price (181.94). 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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