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Uptrend ExhaustionArchive - 4/19/2024 - Sign In to see current Signals. |
Stryker Corp. (SYK) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Stryker Corp. (SYK). During the week, the SYK dropped -16.62 points, or -4.86%, and closed at 325.43 on Friday, April 19, 2024. Weekly volume was 13% above average. Long-term trend: [See SYK long-term trend chart] A long-term uptrend had started on March 20, 2009 at 30.82 and reached 361.41 on March 11, 2024. SYK gained -330.59 points, or -1072.65%, in 781 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (321.35). 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 SYK medium-term trend chart] A medium-term uptrend had started on October 13, 2023 at 249.98 and reached 361.41 on March 11, 2024. SYK gained -111.43 points, or -44.58%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (354.03) 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. SYK 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 SYK weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help. Short-term trend: [See SYK short-term trend chart] A short-term downtrend had started on March 11, 2024 at 361.41 and reached 324.68 on April 19, 2024. SYK lost 36.73 points, or 10.16%, in 39 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (343.85) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 short-term trend. Daily Technical Indicators: [See SYK daily technical indicators chart] Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily 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, Relative Strength Index and Williams' Percentage Range help. The daily MACD line is below its signal line since February 23, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong. The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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. During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.
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