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- 4/26/2024 -
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Morgan Stanley (MS) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is overboughtBroken trend resistance lineTrend support at 92.77
Daily :Lane's Stochastic is overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a second consecutive positive week for the Morgan Stanley (MS). During the week, the MS gained 2.17 points, or 2.39%, and closed at 92.83 on Friday, April 26, 2024. Weekly volume was -23% below average.

MS is a member of Financials Sector. Financials is the 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 MS long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 109.73 and reached 69.42 on October 30, 2023. MS lost 40.31 points, or 36.74%, in 89 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (68.43) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. MS may retest the broken resistance line. It is considered to be a support line now. 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 MS medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 69.42 and reached 94.74 on April 4, 2024. MS gained -25.32 points, or -36.47%, in 22 weeks. The chart has formed a Ascending Triangle chart pattern. The price is near the trend support (92.77) 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 medium-term trend.

Weekly Technical Indicators: [See MS weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See MS short-term trend chart]
A short-term uptrend had started on April 11, 2024 at 85.01 and reached 94.07 on April 24, 2024. MS gained -9.06 points, or -10.66%, in 13 days. The price is now at the 13.69% retracement level.

Daily Technical Indicators: [See MS 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. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.94
Williams' Percentage Range (W%R) 23.00
Lane's Stochastic (%D-Slow) 89.23
Overbought
Greed/Fear Indicator (GFI) 71.72
Moving Average Converg./Diverg. (MACD) 0.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.74
Williams' Percentage Range (W%R) 14.50
Overbought
Lane's Stochastic (%D-Slow) 72.90
Greed/Fear Indicator (GFI) 71.02
Moving Average Converg./Diverg. (MACD) 1.40
Trading Signals
Description Value Chart
Upper Bollinger Band 96.03
Quarterly Trendline Resistance 94.89
Daily Stochastic Crossing 93.59
Price 92.83
Quarterly Trendline Support 92.77
Weekly Stochastic Crossing 91.71
20 Day Moving Average 91.41
Yearly Trendline Resistance 90.59
50 Day Moving Average 89.51
Lower Bollinger Band 86.53
Parabolic System 85.98
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Investment Banking & Brokerage 113
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 85.01
Low Date 04/11/2024
High 94.07
High Date 04/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 94.74
High Date 04/04/2024
Low 85.01
Low Date 04/11/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.09
Low Date 02/13/2024
High 94.74
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Test Support
Resistance 94.89
Support 92.77
Low 69.42
Low Date 10/30/2023
High 94.74
High Date 04/04/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 90.59
Support 68.43
High 109.73
High Date 02/10/2022
Low 69.42
Low Date 10/30/2023
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.