The Greedy Trader Weekly Analysis
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Price vs. 50 Day Moving Average:Above
Price vs. 20 Day Moving Average:Below
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Moving Average Crossover - stock market timing alerts.

The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the the direction of a trend. While the price is below the moving average, it is considered as bearish behavior in relation to the trend length being viewed.

When the price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend.

Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use a 20-day moving average crossover to identify weekly trend and 50-day moving average crossover for monthly trend stock market alerts.

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- 3/15/2024 -
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Henry Schein (HSIC) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldStochastic has raised above the signal lineLane's Stochastic and MACD bullish divergencePrice is close to the 50 Day Moving Average
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It was the negative week for the Henry Schein (HSIC). During the week, the HSIC gave back -0.18 points, or -0.24%, and closed at 74.58 on Friday, March 15, 2024. Weekly volume was 25% above average.

Long-term trend: [See HSIC long-term trend chart]
A long-term downtrend had started on April 14, 2022 at 92.68 and reached 60.01 on November 2, 2023. HSIC lost 32.67 points, or 35.25%, in 81 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 58.61 and resistance is at 84.79. 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 HSIC medium-term trend chart]
A medium-term uptrend had started on November 2, 2023 at 60.01 and reached 82.63 on February 27, 2024. HSIC gained -22.62 points, or -37.69%, in 16 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (82.10) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HSIC may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See HSIC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See HSIC short-term trend chart]
A short-term downtrend had started on February 27, 2024 at 82.63 and reached 73.72 on March 15, 2024. HSIC lost 8.91 points, or 10.78%, in 17 days. The price is now at the 9.65% retracement level.

Daily Technical Indicators: [See HSIC daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 daily MACD line is below its signal line since March 1, 2024. This is an indication that the short-term trend is down.

Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.51
Oversold
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 19.30
Oversold Bullish
Greed/Fear Indicator (GFI) 12.60
Oversold
Moving Average Converg./Diverg. (MACD) 0.11 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.08
Williams' Percentage Range (W%R) 39.40
Lane's Stochastic (%D-Slow) 50.95
Greed/Fear Indicator (GFI) 54.16
Moving Average Converg./Diverg. (MACD) -0.12
Trading Signals
Description Value Chart
Yearly Trendline Resistance 84.79
Monthly Trendline Resistance 84.58
Monthly Trendline Support 82.10
Upper Bollinger Band 78.77
Parabolic System 78.11
Weekly Stochastic Crossing 77.44
20 Day Moving Average 76.14
50 Day Moving Average 75.17
Price 74.58
Daily Stochastic Crossing 74.24
Lower Bollinger Band 72.17
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Distributors 69
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 76.07
High Date 03/13/2024
Low 73.72
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 82.63
High Date 02/27/2024
Low 73.72
Low Date 03/15/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 84.58
Support 82.10
Low 60.01
Low Date 11/02/2023
High 82.63
High Date 02/27/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.72
High Date 02/02/2023
Low 60.01
Low Date 11/02/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 84.79
Support 58.61
High 92.68
High Date 04/14/2022
Low 60.01
Low Date 11/02/2023
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.