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Investment Banking & Brokerage Industry Stocks Technical Analysis - WYArchive
- 5/10/2024 -
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Weyerhaeuser Corp. (WY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Weyerhaeuser Corp. (WY). During the week, the WY gave back -0.12 points, or -0.39%, and closed at 30.97 on Friday, May 10, 2024. Weekly volume was -20% below average.
 Long-term trend: [See WY long-term trend chart]
A long-term uptrend had started on September 29, 2022 at 27.37 and reached 36.27 on March 28, 2024. WY gained -8.90 points, or -32.52%, in 78 weeks. The chart has formed a Rectangle chart pattern. The trend support level is at 28.31 and resistance is at 36.54. A rectangle chart pattern is characterized as a short-term horizontal channel and represents a trading range and indecision area that is usually resolves in the direction of the main trend. Chart analysis usually considers a rectangle pattern a continuation formation, but it can also mark significant top and bottom. A rectangle pattern within younger parent trend has more chances to mark a continuation. Use the following link to access a Rectangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rectangle pattern in a long-term trend.
 Medium-term trend: [See WY medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 36.27 and reached 30.03 on May 1, 2024. WY lost 6.24 points, or 17.20%, in 4 weeks. The price is now at the 15.06% retracement level.
 Weekly Technical Indicators: [See WY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See WY short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 30.03 and reached 31.83 on May 3, 2024. WY gained -1.80 points, or -5.99%, in 2 days. The price is now at the 47.78% retracement level.
 Daily Technical Indicators: [See WY daily technical indicators chart]
Daily technical indicators are neutral.
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 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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| 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 |
Real Estate |
5 |
| Industry |
Specialized REITs |
29 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
30.65 |
| Low Date |
05/08/2024 |
| High |
31.27 |
| High Date |
05/10/2024 |
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| Weekly Trend |
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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 |
30.03 |
| Low Date |
05/01/2024 |
| High |
31.83 |
| High Date |
05/03/2024 |
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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 |
36.27 |
| High Date |
03/28/2024 |
| Low |
30.03 |
| Low Date |
05/01/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rectangle |
| Status |
Valid |
| Resistance |
36.54 |
| Support |
28.31 |
| Low |
27.37 |
| Low Date |
09/29/2022 |
| High |
36.27 |
| 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 |
43.04 |
| High Date |
02/09/2022 |
| Low |
27.37 |
| Low Date |
09/29/2022 |
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