The Greedy Trader Weekly Analysis
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Daily RSI:> 70
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 11/24/2023 -
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Agilent Technologies (A) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overboughtWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving AverageThe Bollinger Bands are historically far apart
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It was a second consecutive positive week for the Agilent Technologies (A). During the week, the A gained 13.47 points, or 11.90%, and closed at 126.62 on Friday, November 24, 2023. Weekly volume was 88% above average.

Long-term trend: [See A long-term trend chart]
A long-term downtrend had started on December 13, 2022 at 160.26 and reached 96.80 on October 30, 2023. A lost 63.46 points, or 39.60%, in 45 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (92.35) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. A may retest the broken resistance line. It is considered to be a support line now. 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 A medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 96.80 and reached 126.77 on November 24, 2023. A gained -29.97 points, or -30.96%, in 3 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (111.01) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See A 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. 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 link to access Williams' Percentage Range help.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See A short-term trend chart]
A short-term uptrend had started on November 10, 2023 at 104.09 and reached 126.77 on November 24, 2023. A gained -22.68 points, or -21.79%, in 14 days. Price is near the trend high.

Daily Technical Indicators: [See A daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since November 2, 2023. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands (22.21%) is close to one year high (18.62%). It is 116.98% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.06
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 94.12
Strong Overbought
Greed/Fear Indicator (GFI) 87.89
Overbought
Moving Average Converg./Diverg. (MACD) 1.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.17
Williams' Percentage Range (W%R) 18.30
Overbought
Lane's Stochastic (%D-Slow) 46.56
Greed/Fear Indicator (GFI) 60.10
Moving Average Converg./Diverg. (MACD) -5.58
Trading Signals
Description Value Chart
Upper Bollinger Band 127.70
Price 126.62
Daily Stochastic Crossing 126.07
Monthly Trendline Resistance 125.08
Quarterly Trendline Resistance 117.14
Parabolic System 116.55
Weekly Stochastic Crossing 113.30
Monthly Trendline Support 111.01
20 Day Moving Average 110.79
50 Day Moving Average 110.65
Lower Bollinger Band 99.57
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Health Care Equipment 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 104.09
Low Date 11/10/2023
High 126.77
High Date 11/24/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 104.09
Low Date 11/10/2023
High 126.77
High Date 11/24/2023
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 125.08
Support 111.01
Low 96.80
Low Date 10/30/2023
High 126.77
High Date 11/24/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 117.14
Support 92.35
High 160.26
High Date 12/13/2022
Low 96.80
Low Date 10/30/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 179.57
High Date 09/03/2021
Low 96.80
Low Date 10/30/2023
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.