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Archive
- 4/19/2024 -
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Masco Corp. (MAS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Masco Corp. (MAS). During the week, the MAS dropped -1.64 points, or -2.23%, and closed at 71.91 on Friday, April 19, 2024. MAS was trading at average weekly trading volume.
MAS 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 MAS long-term trend chart]
A long-term uptrend had started on October 26, 2022 at 42.33 and reached 78.94 on March 28, 2024. MAS gained -36.61 points, or -86.49%, in 74 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 50.76 and resistance is at 74.18. 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 MAS medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 78.94 and reached 71.62 on April 19, 2024. MAS lost 7.32 points, or 9.27%, in 3 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See MAS weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.
Short-term trend: [See MAS short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 78.92 and reached 71.62 on April 19, 2024. MAS lost 7.30 points, or 9.25%, in 15 days. Price is near the trend low.
 Daily Technical Indicators: [See MAS daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 daily MACD line is below its signal line since April 3, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
8 |
| Industry |
Building Products |
68 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
78.92 |
| High Date |
04/04/2024 |
| Low |
71.62 |
| Low Date |
04/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
78.94 |
| High Date |
03/28/2024 |
| Low |
71.62 |
| Low Date |
04/19/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
47.66 |
| Low Date |
10/25/2023 |
| High |
78.94 |
| High Date |
03/28/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
74.18 |
| Support |
50.76 |
| Low |
42.33 |
| Low Date |
10/26/2022 |
| High |
78.94 |
| High Date |
03/28/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
71.06 |
| High Date |
01/04/2022 |
| Low |
42.33 |
| Low Date |
10/26/2022 |
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