The Greedy Trader Weekly Analysis
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- 4/19/2024 -
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Whirlpool Corp. (WHR) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldTrend resistance at 98.11Broken trend support line
Daily :Relative Strength Index oversoldWilliams' Percentage Range and Lane's Stochastic are strongly oversold
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It was the negative week for the Whirlpool Corp. (WHR). During the week, the WHR dropped -3.39 points, or -3.14%, and closed at 104.67 on Friday, April 19, 2024. Weekly volume was 6% above average.

Long-term trend: [See WHR long-term trend chart]
A long-term downtrend had started on July 12, 2023 at 160.62 and reached 98.42 on October 27, 2023. WHR lost 62.20 points, or 38.72%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (98.11). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See WHR medium-term trend chart]
A medium-term uptrend had started on March 6, 2024 at 102.65 and reached 120.39 on April 1, 2024. WHR gained -17.74 points, or -17.28%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (110.98) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. WHR may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.

Weekly Technical Indicators: [See WHR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 22, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See WHR short-term trend chart]
A short-term downtrend had started on April 1, 2024 at 120.39 and reached 103.43 on April 18, 2024. WHR lost 16.96 points, or 14.09%, in 17 days. The price is now at the 7.31% retracement level.

Daily Technical Indicators: [See WHR daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.81
Oversold
Williams' Percentage Range (W%R) 96.90
Strong Oversold
Lane's Stochastic (%D-Slow) 4.85
Strong Oversold
Greed/Fear Indicator (GFI) 8.93
Strong Oversold
Moving Average Converg./Diverg. (MACD) -0.25
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.38
Williams' Percentage Range (W%R) 94.30
Strong Oversold
Lane's Stochastic (%D-Slow) 49.89
Greed/Fear Indicator (GFI) 34.28
Moving Average Converg./Diverg. (MACD) -4.97
Trading Signals
Description Value Chart
Upper Bollinger Band 119.62
Weekly Stochastic Crossing 112.33
20 Day Moving Average 112.09
Parabolic System 111.28
Monthly Trendline Support 110.98
50 Day Moving Average 109.77
Price 104.67
Quarterly Trendline Support 104.14
Daily Stochastic Crossing 103.95
Lower Bollinger Band 99.64
Quarterly Trendline Resistance 98.11
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Household Appliances 18
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 117.98
High Date 04/09/2024
Low 103.43
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 120.39
High Date 04/01/2024
Low 103.43
Low Date 04/18/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 131.07
Support 110.98
Low 102.65
Low Date 03/06/2024
High 120.39
High Date 04/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 98.11
Support 104.14
High 160.62
High Date 07/12/2023
Low 98.42
Low Date 10/27/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 257.68
High Date 05/10/2021
Low 98.42
Low Date 10/27/2023
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.