AIR PRODUCTS AND CHEMICALS - Daily - Technical analysis published on 02/23/2024 (GMT)
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I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
56%
11%
33%
My opinion
Bearish under 252.84 USD
My targets
218.18 USD (-5.70%)
203.84 USD (-11.90%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on AIR PRODUCTS AND CHEMICALS as long as the price remains well below 252.84 USD. The sellers' bearish objective is set at 218.18 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 203.84 USD. In case of crossing, the next objective would be the support located at 128.97 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.
Force
0
10
4.6
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The AIR PRODUCTS AND CHEMICALS rating is 231.38 USD. The price is lower by -0.05% since the last closing and was traded between 229.65 USD and 231.80 USD over the period. The price is currently at +0.75% from its lowest and -0.18% from its highest.229.65
231.80
231.38
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of AIR PRODUCTS AND CHEMICALS in Daily shows a overall strongly bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 203.84 | 218.18 | 230.46 | 231.38 | 252.84 | 263.84 | 273.93 |
| Change (%) | -11.90% | -5.70% | -0.40% | - | +9.27% | +14.03% | +18.39% |
| Change | -27.54 | -13.20 | -0.92 | - | +21.46 | +32.46 | +42.55 |
| Level | Major | Major | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 223.70 | 225.40 | 228.45 | 230.15 | 233.20 | 234.90 | 237.95 |
| Camarilla | 230.19 | 230.63 | 231.07 | 231.50 | 231.94 | 232.37 | 232.81 |
| Woodie | 224.38 | 225.74 | 229.13 | 230.49 | 233.88 | 235.24 | 238.63 |
| Fibonacci | 225.40 | 227.22 | 228.34 | 230.15 | 231.97 | 233.09 | 234.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 207.12 | 211.71 | 219.28 | 223.87 | 231.44 | 236.03 | 243.60 |
| Camarilla | 223.51 | 224.62 | 225.74 | 226.85 | 227.97 | 229.08 | 230.19 |
| Woodie | 208.61 | 212.46 | 220.77 | 224.62 | 232.93 | 236.78 | 245.09 |
| Fibonacci | 211.71 | 216.36 | 219.23 | 223.87 | 228.52 | 231.39 | 236.03 |
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): | 41.65 | |
| MACD (12,26,9): | -8.2200 | |
| Directional Movement: | -12.63 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 222.40 | |
| Parabolic SAR (0,02-0,02-0,2): | 236.68 | |
| Elder Ray (13): | 0.85 | |
| Super Trend (3,10): | 237.68 | |
| Zig ZAG (10): | 231.00 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 56.15 | |
| TEMA (21): | 221.10 | |
| Williams %R (14): | -3.82 | |
| Chande Momentum Oscillator (20): | 13.05 | |
| Repulse (5,40,3): | 2.2400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5900 | |
| Courbe Coppock: | 16.15 |
| MA7: | 227.12 | |
| MA20: | 233.86 | |
| MA50: | 253.94 | |
| MA100: | 263.96 | |
| MAexp7: | 228.41 | |
| MAexp20: | 234.01 | |
| MAexp50: | 248.00 | |
| MAexp100: | 259.28 | |
| Price / MA7: | +1.88% | |
| Price / MA20: | -1.06% | |
| Price / MA50: | -8.88% | |
| Price / MA100: | -12.34% | |
| Price / MAexp7: | +1.30% | |
| Price / MAexp20: | -1.12% | |
| Price / MAexp50: | -6.70% | |
| Price / MAexp100: | -10.76% |
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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