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Downtrend ResistanceArchive
- 4/19/2024 -
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TransDigm Group (TDG) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the TransDigm Group (TDG). During the week, the TDG dropped -32.68 points, or -2.68%, and closed at 1187.70 on Friday, April 19, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was -18% below average.
TDG is a member of Industrials Sector. Industrials is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See TDG long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 499.63 and reached 1248.39 on April 15, 2024. TDG gained -748.76 points, or -149.86%, in 78 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 1082.82 and resistance is at 1218.93. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See TDG medium-term trend chart]
A medium-term uptrend had started on October 3, 2023 at 802.46 and reached 1248.39 on April 15, 2024. TDG gained -445.93 points, or -55.57%, in 27 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 870.66 and resistance is at 1259.94. 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 TDG weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 10, 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 TDG short-term trend chart]
A short-term downtrend had started on April 18, 2024 at 1237.39 and reached 1185.78 on April 19, 2024. TDG lost 51.61 points, or 4.17%, in 1 days. Price is near the trend low.
 Daily Technical Indicators: [See TDG daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The price touches the lower Bollinger Band. The distance between the Bollinger Bands is falling, and it was 4.14% on Friday. It is 56.19% lower than one year average. It indicates the period of low volatility of the stock price. 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 price 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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