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Downtrend ResistanceArchive
- 5/10/2024 -
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TE Connectivity Ltd. (TEL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 4 consecutive negative weeks for the TE Connectivity Ltd. (TEL). During the week, the TEL gained 4.19 points, or 2.95%, and closed at 146.19 on Friday, May 10, 2024. It was the best weekly gain since January 26, 2024. Weekly volume was -14% below average.
 Long-term trend: [See TEL long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 104.76 and reached 147.98 on April 9, 2024. TEL gained -43.22 points, or -41.26%, in 77 weeks. Price is near the trend high.
 Medium-term trend: [See TEL medium-term trend chart]
A medium-term downtrend had started on April 9, 2024 at 147.98 and reached 137.61 on May 2, 2024. TEL lost 10.37 points, or 7.01%, in 3 weeks. The price is now at the 82.74% retracement level.
 Weekly Technical Indicators: [See TEL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 below its signal line since April 19, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See TEL short-term trend chart]
A short-term uptrend had started on May 2, 2024 at 137.61 and reached 147.19 on May 10, 2024. TEL gained -9.58 points, or -6.96%, in 8 days. The price is now at the 10.44% retracement level.
 Daily Technical Indicators: [See TEL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. 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 advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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