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Advanced TA SearchArchive
- 5/10/2024 -
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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 5.68 points, or 3.42%, and closed at 171.62 on Friday, May 10, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -17% below average.
 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 165.29 and resistance is at 216.75. 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 159.01 on April 30, 2024. FFIV lost 40.48 points, or 20.29%, in 13 weeks. The price is now at the 31.15% retracement 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. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 159.01 on April 30, 2024. FFIV lost 37.34 points, or 19.02%, in 21 days. The price is now at the 33.77% retracement level.
Daily Technical Indicators: [See FFIV daily technical indicators chart]
Daily technical indicators are neutral.
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.
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