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Archive - 4/19/2024 - Sign In to see current Signals. |
Constellation Brands (STZ) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Constellation Brands (STZ). During the week, the STZ gave back -1.54 points, or -0.59%, and closed at 260.70 on Friday, April 19, 2024. Weekly volume was 44% above average. Long-term trend: [See STZ long-term trend chart] A long-term uptrend had started on March 23, 2020 at 104.28 and reached 274.87 on April 11, 2024. STZ gained -170.59 points, or -163.59%, in 211 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 249.01 and resistance is at 283.69. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend. Medium-term trend: [See STZ medium-term trend chart] A medium-term uptrend had started on October 13, 2023 at 227.50 and reached 274.87 on April 11, 2024. STZ gained -47.37 points, or -20.82%, in 25 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 249.45 and resistance is at 277.33. 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 medium-term trend. Weekly Technical Indicators: [See STZ weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since January 5, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See STZ short-term trend chart] A short-term uptrend had started on February 7, 2024 at 241.17 and reached 274.87 on April 11, 2024. STZ gained -33.70 points, or -13.97%, in 64 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 254.36 and resistance is at 280.25. 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 short-term trend. Daily Technical Indicators: [See STZ daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 28, 2024. The distance between MACD and the signal line is relatively high and getting bigger. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
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