The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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DENTSPLY International Inc.
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Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Daily  MACD line has moved below its signal lineThe price is below the lower Bollinger BandWilliams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the DENTSPLY International Inc. (XRAY). During the week, the XRAY dropped -1.40 points, or -3.71%, and closed at 36.34 on Friday, October 05, 2018. It was the worst weekly loss since August 10, 2018. Weekly volume was 11% above average.

XRAY is a member of Healthcare Sector. Healthcare is the 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 XRAY long-term trend chart]
A long-term downtrend had started on August 6, 2018 at 48.95 and reached 35.80 on October 4, 2018. XRAY lost 13.15 points, or 26.86%, in 8 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (39.86) 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 long-term trend.

Medium-term trend: [See XRAY medium-term trend chart]
A medium-term downtrend had started on August 30, 2018 at 40.10 and reached 35.80 on October 4, 2018. XRAY lost 4.30 points, or 10.72%, in 5 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 33.93 and resistance is at 38.19. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See XRAY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 10, 2018. 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 XRAY short-term trend chart]
A short-term downtrend had started on September 20, 2018 at 39.03 and reached 35.80 on October 4, 2018. XRAY lost 3.23 points, or 8.28%, in 14 days. The price is now at the 16.72% retracement level.

Daily Technical Indicators: [See XRAY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.62
Williams' Percentage Range (W%R) 85.10
Oversold
Lane's Stochastic (%D-Slow) 15.88
Oversold
Greed/Fear Indicator (GFI) 20.45
Moving Average Converg./Diverg. (MACD) -0.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.02
Williams' Percentage Range (W%R) 96.30
Strong Oversold
Lane's Stochastic (%D-Slow) 7.50
Strong Oversold
Greed/Fear Indicator (GFI) 16.20
Oversold
Moving Average Converg./Diverg. (MACD) -3.86
Trading Signals
Description Value Chart
Quarterly Trendline Support 39.86
50 Day Moving Average 39.80
Upper Bollinger Band 39.36
Quarterly Trendline Resistance 39.30
Monthly Trendline Resistance 38.19
Parabolic System 38.01
20 Day Moving Average 37.93
Lower Bollinger Band 36.50
Price 36.34
Daily Stochastic Crossing 36.17
Weekly Stochastic Crossing 36.07
Monthly Trendline Support 33.93
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Instruments/Supls 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 39.03
High Date 09/20/2018
Low 35.80
Low Date 10/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 39.03
High Date 09/20/2018
Low 35.80
Low Date 10/04/2018
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 38.19
Support 33.93
High 40.10
High Date 08/30/2018
Low 35.80
Low Date 10/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 39.30
Support 39.86
High 48.95
High Date 08/06/2018
Low 35.80
Low Date 10/04/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 68.98
High Date 11/28/2017
Low 35.80
Low Date 10/04/2018
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.

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