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Archive
- 5/3/2024 -
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DENTSPLY International Inc. (XRAY) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the DENTSPLY International Inc. (XRAY). During the week, the XRAY dropped -2.28 points, or -7.46%, and closed at 28.29 on Friday, May 3, 2024. On Friday XRAY has reached 27.96 - the lowest level since November 17, 2023. Weekly volume was 38% above average.
XRAY is a member of Health Care Sector. Health Care is the second most oversold sector. XRAY is a member of Health Care Supplies Industry. Health Care Supplies is the sixth most oversold industry. 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 XRAY long-term trend chart]
A long-term downtrend had started on May 10, 2021 at 69.54 and reached 26.27 on November 2, 2023. XRAY lost 43.27 points, or 62.22%, in 129 weeks. Price is near the trend low.
 Medium-term trend: [See XRAY medium-term trend chart]
A medium-term downtrend had started on January 10, 2024 at 37.60 and reached 27.96 on May 3, 2024. XRAY lost 9.64 points, or 25.64%, in 16 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (29.92) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 XRAY weekly technical indicators chart]
Weekly 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 weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See XRAY short-term trend chart]
A short-term downtrend had started on April 29, 2024 at 31.00 and reached 27.96 on May 3, 2024. XRAY lost 3.04 points, or 9.81%, in 4 days. The price is now at the 10.86% retracement level.
 Daily Technical Indicators: [See XRAY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since April 29, 2024. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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