AIR PRODUCTS AND CHEMICALS - Daily - Technical analysis published on 02/15/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
28%
50%
22%
My opinion
Bearish under 230.46 USD
My targets
218.18 USD (-3.20%)
203.84 USD (-9.56%)
My analysis
The bearish trend is currently very strong for AIR PRODUCTS AND CHEMICALS. As long as the price remains below the resistance at 230.46 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 218.18 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 203.84 USD as an objective. Crossing it would then enable sellers to target 128.97 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
6.8
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Additional analysis
Quotes
The AIR PRODUCTS AND CHEMICALS rating is 225.39 USD. The price registered an increase of +3.86% on the session and was between 220.26 USD and 228.46 USD. This implies that the price is at +2.33% from its lowest and at -1.34% from its highest.220.26
228.46
225.39
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by AIR PRODUCTS AND CHEMICALS:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Abnormal volumes on AIR PRODUCTS AND CHEMICALS were detected by the Central Volumes scanner:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of AIR PRODUCTS AND CHEMICALS indicates that the overall trend is strongly bearish. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 128.97 | 203.84 | 218.18 | 225.39 | 230.46 | 252.84 | 263.84 |
| Change (%) | -42.78% | -9.56% | -3.20% | - | +2.25% | +12.18% | +17.06% |
| Change | -96.42 | -21.55 | -7.21 | - | +5.07 | +27.45 | +38.45 |
| Level | Intermediate | Major | Intermediate | - | Intermediate | Major | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.67 | 214.48 | 215.75 | 217.56 | 218.83 | 220.64 | 221.91 |
| Camarilla | 216.16 | 216.45 | 216.73 | 217.01 | 217.29 | 217.58 | 217.86 |
| Woodie | 212.39 | 214.35 | 215.47 | 217.43 | 218.55 | 220.51 | 221.63 |
| Fibonacci | 214.48 | 215.66 | 216.39 | 217.56 | 218.74 | 219.47 | 220.64 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 196.24 | 204.24 | 212.04 | 220.04 | 227.84 | 235.84 | 243.64 |
| Camarilla | 215.50 | 216.94 | 218.39 | 219.84 | 221.29 | 222.74 | 224.19 |
| Woodie | 196.14 | 204.19 | 211.94 | 219.99 | 227.74 | 235.79 | 243.54 |
| Fibonacci | 204.24 | 210.28 | 214.00 | 220.04 | 226.08 | 229.80 | 235.84 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 229.68 | 242.55 | 249.13 | 262.00 | 268.58 | 281.45 | 288.03 |
| Camarilla | 250.36 | 252.14 | 253.93 | 255.71 | 257.49 | 259.28 | 261.06 |
| Woodie | 226.54 | 240.98 | 245.99 | 260.43 | 265.44 | 279.88 | 284.89 |
| Fibonacci | 242.55 | 249.98 | 254.57 | 262.00 | 269.43 | 274.02 | 281.45 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 35.35 | |
| MACD (12,26,9): | -12.3600 | |
| Directional Movement: | -19.34 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 221.70 | |
| Parabolic SAR (0,02-0,02-0,2): | 245.54 | |
| Elder Ray (13): | -5.77 | |
| Super Trend (3,10): | 237.68 | |
| Zig ZAG (10): | 225.73 | |
| VORTEX (21): | 0.8800 | |
| Stochastique (14,3,5): | 15.12 | |
| TEMA (21): | 214.74 | |
| Williams %R (14): | -73.46 | |
| Chande Momentum Oscillator (20): | -33.75 | |
| Repulse (5,40,3): | 1.3200 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.5800 | |
| Courbe Coppock: | 30.63 |
| MA7: | 219.69 | |
| MA20: | 241.79 | |
| MA50: | 257.10 | |
| MA100: | 266.65 | |
| MAexp7: | 223.36 | |
| MAexp20: | 236.95 | |
| MAexp50: | 252.12 | |
| MAexp100: | 262.44 | |
| Price / MA7: | +2.59% | |
| Price / MA20: | -6.78% | |
| Price / MA50: | -12.33% | |
| Price / MA100: | -15.47% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | -4.88% | |
| Price / MAexp50: | -10.60% | |
| Price / MAexp100: | -14.12% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on AIR PRODUCTS AND CHEMICALS at the time of the analysis were as follows:
- SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Air Products and Chemicals, Inc. for Potential Breaches Of Fiduciary Duty By Its Board of Directors
- Analysis: Positioning to Benefit within AMETEK, Taylor Morrison Home, MBIA, Air Products and Chemicals, CBIZ, and Aqua Metals — Research Highlights Growth, Revenue, and Consolidated Results
- Factors of Influence in 2018, Key Indicators and Opportunity within Cognizant Technology Solutions, Anadarko Petroleum, American Eagle Outfitters, MetLife, Groupon, and Air Products and Chemicals — New Research Emphasizes Economic Growth
- Recent Analysis Shows Audentes Therapeutics, Endocyte, Bluerock Residential Growth REIT, Air Products and Chemicals, BWX Technologies, and Modine Manufacturing Market Influences — Renewed Outlook, Key Drivers of Growth
- Report: Developing Opportunities within athenahealth, W.R. Berkley, Air Products and Chemicals, DICK'S Sporting Goods, Aptevo Therapeutics, and Columbia Property Trust — Future Expectations, Projections Moving into 2018
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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