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Downtrend Broken Resist.Archive - 3/15/2024 - Sign In to see current Signals. |
Hologic Inc (HOLX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Hologic Inc (HOLX). During the week, the HOLX dropped -1.14 points, or -1.48%, and closed at 75.91 on Friday, March 15, 2024. Weekly volume was 26% above average. Long-term trend: [See HOLX long-term trend chart] A long-term uptrend had started on March 9, 2009 at 9.31 and reached 87.88 on May 1, 2023. HOLX gained -78.57 points, or -843.93%, in 738 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 65.62 and resistance is at 91.86. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend. Medium-term trend: [See HOLX medium-term trend chart] A medium-term downtrend had started on May 1, 2023 at 87.88 and reached 64.02 on October 30, 2023. HOLX lost 23.86 points, or 27.15%, in 26 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (74.45) 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 HOLX weekly technical indicators chart] Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish 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 weekly Lane's Stochastic and MACD bearish 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 and Williams' Percentage Range help. The weekly MACD line is above its signal line since November 24, 2023. Use the following link to access a MACD help. Short-term trend: [See HOLX short-term trend chart] A short-term uptrend had started on March 4, 2024 at 73.05 and reached 77.13 on March 8, 2024. HOLX gained -4.08 points, or -5.59%, in 4 days. The chart has formed a Symmetric Triangle chart pattern. Daily Technical Indicators: [See HOLX daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since March 6, 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.
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