The Greedy Trader Weekly Analysis
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Candlesticks Name: Bullish Doji
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- 3/15/2024 -
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DaVita Inc. (DVA) Technical Analysis

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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought
Daily :
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It was a fifth consecutive positive week for the DaVita Inc. (DVA). During the week, the DVA gained 1.48 points, or 1.09%, and closed at 136.65 on Friday, March 15, 2024. DVA was trading at average weekly trading volume.

Long-term trend: [See DVA long-term trend chart]
A long-term uptrend had started on November 9, 2022 at 65.28 and reached 141.54 on March 13, 2024. DVA gained -76.26 points, or -116.82%, in 70 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 75.23 and resistance is at 153.04. 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 long-term trend.

Medium-term trend: [See DVA medium-term trend chart]
A medium-term uptrend had started on October 11, 2023 at 71.51 and reached 141.54 on March 13, 2024. DVA gained -70.03 points, or -97.93%, in 22 weeks. The price is now at the 6.98% retracement level.

Weekly Technical Indicators: [See DVA weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index, Williams' Percentage Range and 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 weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See DVA short-term trend chart]
A short-term uptrend had started on January 23, 2024 at 103.40 and reached 141.54 on March 13, 2024. DVA gained -38.14 points, or -36.89%, in 50 days. The price is now at the 12.82% retracement level.

Daily Technical Indicators: [See DVA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since January 31, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.50
Williams' Percentage Range (W%R) 33.50
Lane's Stochastic (%D-Slow) 76.45
Greed/Fear Indicator (GFI) 71.49
Moving Average Converg./Diverg. (MACD) 5.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.96
Overbought
Williams' Percentage Range (W%R) 11.60
Overbought
Lane's Stochastic (%D-Slow) 86.48
Overbought
Greed/Fear Indicator (GFI) 80.26
Overbought
Moving Average Converg./Diverg. (MACD) 5.64
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 153.04
Upper Bollinger Band 141.14
Daily Stochastic Crossing 138.83
Weekly Stochastic Crossing 137.15
Price 136.65
Parabolic System 132.88
20 Day Moving Average 129.76
Lower Bollinger Band 117.85
50 Day Moving Average 117.51
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Facilities 114
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 141.54
High Date 03/13/2024
Low 133.01
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.40
Low Date 01/23/2024
High 141.54
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.51
Low Date 10/11/2023
High 141.54
High Date 03/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 153.04
Support 75.23
Low 65.28
Low Date 11/09/2022
High 141.54
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 136.48
High Date 08/04/2021
Low 65.28
Low Date 11/09/2022
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.