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Advanced TA SearchArchive
- 5/10/2024 -
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Quest Diagnostics (DGX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the Quest Diagnostics (DGX). During the week, the DGX climbed 0.97 points, or 0.71%, and closed at 138.42 on Friday, May 10, 2024. Weekly volume was -31% below average.
 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 (119.11) 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 October 2, 2023 at 119.59 and reached 143.63 on January 2, 2024. DGX gained -24.04 points, or -20.10%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (126.05) 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 DGX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 28, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See DGX short-term trend chart]
A short-term uptrend had started on February 1, 2024 at 123.04 and reached 142.46 on April 29, 2024. DGX gained -19.42 points, or -15.78%, in 88 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 126.12 and resistance is at 145.61. 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 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 April 22, 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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