The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 7
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 3/15/2024 -
Sign In to see current Signals.

IQVIA Hold (IQV) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergenceBroken trend resistance line
Daily :Broken trend support lineStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was the negative week for the IQVIA Hold (IQV). During the week, the IQV dropped -4.47 points, or -1.74%, and closed at 252.71 on Friday, March 15, 2024. Weekly volume was -22% below average.

Long-term trend: [See IQV long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 165.75 and reached 261.73 on March 8, 2024. IQV gained -95.98 points, or -57.91%, in 73 weeks. The price is now at the 9.40% retracement level.

Medium-term trend: [See IQV medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 167.42 and reached 261.73 on March 8, 2024. IQV gained -94.31 points, or -56.33%, in 18 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (229.18) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 IQV weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Weekly Lane's Stochastic has bearish 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 weekly Lane's Stochastic 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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See IQV short-term trend chart]
A short-term uptrend had started on February 1, 2024 at 205.38 and reached 261.73 on March 8, 2024. IQV gained -56.35 points, or -27.44%, in 36 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (262.25) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See IQV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.27
Williams' Percentage Range (W%R) 35.90
Lane's Stochastic (%D-Slow) 63.93
Greed/Fear Indicator (GFI) 62.09
Moving Average Converg./Diverg. (MACD) 8.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.32
Williams' Percentage Range (W%R) 11.80
Overbought
Lane's Stochastic (%D-Slow) 85.43
Overbought Bearish
Greed/Fear Indicator (GFI) 77.18
Moving Average Converg./Diverg. (MACD) 5.38
Trading Signals
Description Value Chart
Weekly Trendline Resistance 264.38
Weekly Trendline Support 262.25
Parabolic System 261.54
Upper Bollinger Band 261.47
Daily Stochastic Crossing 257.20
Weekly Stochastic Crossing 256.76
Price 252.71
20 Day Moving Average 250.11
Lower Bollinger Band 234.48
50 Day Moving Average 230.41
Monthly Trendline Support 229.18
Monthly Trendline Resistance 205.39
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Life Sciences Tools & Services 102
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 261.72
High Date 03/13/2024
Low 250.58
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 264.38
Support 262.25
Low 205.38
Low Date 02/01/2024
High 261.73
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 205.39
Support 229.18
Low 167.42
Low Date 11/01/2023
High 261.73
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 165.75
Low Date 10/13/2022
High 261.73
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 285.61
High Date 12/30/2021
Low 165.75
Low Date 10/13/2022
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.