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Health Care Services Industry Stocks Technical Analysis - DGXArchive
- 1/17/2025 -
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Quest Diagnostics (DGX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Quest Diagnostics (DGX). During the week, the DGX gave back -0.60 points, or -0.40%, and closed at 151.20 on Friday, January 17, 2025. DGX was trading at average weekly trading volume.
 Long-term trend: [See DGX long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 174.16 and reached 119.59 on October 2, 2023. DGX lost 54.57 points, or 31.33%, in 91 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (118.57) 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 long-term trend.
 Medium-term trend: [See DGX medium-term trend chart]
A medium-term uptrend had started on February 1, 2024 at 123.04 and reached 165.30 on November 25, 2024. DGX gained -42.26 points, or -34.35%, in 42 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (150.58) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See DGX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 6, 2024. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See DGX short-term trend chart]
A short-term downtrend had started on November 25, 2024 at 165.30 and reached 148.70 on January 16, 2025. DGX lost 16.60 points, or 10.04%, in 52 days. The chart has formed a Descending Triangle chart pattern. The trend support level is at 148.68 and resistance is at 154.24. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a short-term trend.
Daily Technical Indicators: [See DGX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since January 6, 2025. The distance between MACD and the signal line is low and getting smaller.
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.
The price touches the lower Bollinger Band. The distance between the Bollinger Bands (2.88%) is close to one year low (3.29%). It is 61.27% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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