The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/5/2024 -
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DXC Technology (DXC) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Broken trend support lineThe price has fallen below the Parabolic SARThe price touches the lower Bollinger BandThe Bollinger Bands are historically close together
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It was the negative week for the DXC Technology (DXC). During the week, the DXC dropped -0.75 points, or -3.54%, and closed at 20.46 on Friday, April 5, 2024. Weekly volume was -41% below average.

DXC is a member of Information Technology Sector. Information Technology 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 DXC long-term trend chart]
A long-term downtrend had started on August 3, 2021 at 44.18 and reached 18.61 on August 3, 2023. DXC lost 25.57 points, or 57.88%, in 104 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 12.37 and resistance is at 23.55. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See DXC medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 25.14 and reached 20.01 on March 7, 2024. DXC lost 5.13 points, or 20.41%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (19.13) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See DXC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 February 16, 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 DXC short-term trend chart]
A short-term uptrend had started on March 7, 2024 at 20.01 and reached 21.39 on March 28, 2024. DXC gained -1.38 points, or -6.90%, in 21 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (20.60) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a short-term trend.

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

The daily MACD line is above its signal line since March 11, 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.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands (4.69%) is close to one year low (5.06%). It is 70.98% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.06
Williams' Percentage Range (W%R) 46.90
Lane's Stochastic (%D-Slow) 53.71
Greed/Fear Indicator (GFI) 51.29
Moving Average Converg./Diverg. (MACD) -0.16
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.08
Williams' Percentage Range (W%R) 83.40
Oversold
Lane's Stochastic (%D-Slow) 21.02
Greed/Fear Indicator (GFI) 26.98
Moving Average Converg./Diverg. (MACD) -0.47
Trading Signals
Description Value Chart
Yearly Trendline Resistance 23.55
Upper Bollinger Band 21.43
Parabolic System 21.41
Weekly Trendline Resistance 21.41
50 Day Moving Average 21.33
Daily Stochastic Crossing 20.92
20 Day Moving Average 20.86
Weekly Stochastic Crossing 20.63
Weekly Trendline Support 20.60
Price 20.46
Lower Bollinger Band 20.45
Quarterly Trendline Resistance 20.12
Monthly Trendline Resistance 20.12
Monthly Trendline Support 19.79
Quarterly Trendline Support 19.13
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry IT Consulting & Other Services 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.39
High Date 03/28/2024
Low 20.43
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 21.41
Support 20.60
Low 20.01
Low Date 03/07/2024
High 21.39
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 20.12
Support 19.79
High 24.48
High Date 01/12/2024
Low 20.01
Low Date 03/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 20.12
Support 19.13
High 25.14
High Date 12/14/2023
Low 20.01
Low Date 03/07/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 23.55
Support 12.37
High 44.18
High Date 08/03/2021
Low 18.61
Low Date 08/03/2023
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.