The Greedy Trader Weekly Analysis
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Quarterly Pattern:Falling Wedge
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.

A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.

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- 4/19/2024 -
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DXC Technology (DXC) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the DXC Technology (DXC). During the week, the DXC gave back -0.16 points, or -0.79%, and closed at 20.14 on Friday, April 19, 2024. Weekly volume was -43% below average.

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 12.07 and resistance is at 23.25. 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 19.55 on April 18, 2024. DXC lost 5.59 points, or 22.24%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 18.89 and resistance is at 21.90. 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 medium-term trend.

Weekly Technical Indicators: [See DXC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 April 18, 2024 at 19.55 and reached 20.23 on April 19, 2024. DXC gained -0.68 points, or -3.48%, in 1 days. The price is now at the 13.24% retracement level.

Daily Technical Indicators: [See DXC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold 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 below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.01
Williams' Percentage Range (W%R) 99.20
Strong Oversold
Lane's Stochastic (%D-Slow) 6.99
Strong Oversold
Greed/Fear Indicator (GFI) 16.59
Oversold
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.53
Williams' Percentage Range (W%R) 99.60
Strong Oversold
Lane's Stochastic (%D-Slow) 24.04
Greed/Fear Indicator (GFI) 22.66
Moving Average Converg./Diverg. (MACD) -0.52
Trading Signals
Description Value Chart
Yearly Trendline Resistance 23.25
Quarterly Trendline Resistance 21.90
Upper Bollinger Band 21.75
50 Day Moving Average 21.01
Parabolic System 20.75
20 Day Moving Average 20.69
Weekly Stochastic Crossing 20.19
Price 20.14
Daily Stochastic Crossing 19.70
Lower Bollinger Band 19.42
Quarterly Trendline Support 18.89
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry IT Consulting & Other Services 26
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.55
Low Date 04/18/2024
High 20.23
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.55
Low Date 04/18/2024
High 20.23
High Date 04/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 22.15
High Date 04/09/2024
Low 19.55
Low Date 04/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 21.90
Support 18.89
High 25.14
High Date 12/14/2023
Low 19.55
Low Date 04/18/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 23.25
Support 12.07
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.