|
|
Uptrend ExhaustionArchive
- 4/26/2024 -
Sign In to see current Signals. |
Intuit, Inc. (INTU) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week after 3 consecutive negative weeks for the Intuit, Inc. (INTU). During the week, the INTU gained 31.38 points, or 5.19%, and closed at 636.55 on Friday, April 26, 2024. It was the best weekly gain since December 15, 2023. Weekly volume was -12% below average.
 Long-term trend: [See INTU long-term trend chart]
A long-term uptrend had started on November 4, 2022 at 352.63 and reached 671.01 on March 4, 2024. INTU gained -318.38 points, or -90.29%, in 69 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 525.82 and resistance is at 710.21. 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 INTU medium-term trend chart]
A medium-term downtrend had started on March 4, 2024 at 671.01 and reached 598.01 on April 19, 2024. INTU lost 73.00 points, or 10.88%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (635.08). 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 medium-term trend.
 Weekly Technical Indicators: [See INTU weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.
 Short-term trend: [See INTU short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 598.01 and reached 642.11 on April 24, 2024. INTU gained -44.10 points, or -7.37%, in 5 days. The price is now at the 12.61% retracement level.
Daily Technical Indicators: [See INTU daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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.
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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|