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Archive
- 11/8/2024 -
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DaVita Inc. (DVA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the DaVita Inc. (DVA). During the week, the DVA gained 8.10 points, or 5.72%, and closed at 149.70 on Friday, November 8, 2024. It was the best weekly gain since September 13, 2024. DVA was trading at average weekly trading volume.
DVA is a member of Health Care Sector. Health Care is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See DVA long-term trend chart]
A long-term uptrend had started on November 9, 2022 at 65.28 and reached 168.50 on October 16, 2024. DVA gained -103.22 points, or -158.12%, in 101 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 78.93 and resistance is at 169.56. 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 DVA medium-term trend chart]
A medium-term uptrend had started on October 11, 2023 at 71.51 and reached 168.50 on October 16, 2024. DVA gained -96.99 points, or -135.63%, in 53 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (151.06) 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 DVA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. Use the following link to access a MACD help.
 Short-term trend: [See DVA short-term trend chart]
A short-term downtrend had started on October 16, 2024 at 168.50 and reached 138.00 on October 30, 2024. DVA lost 30.50 points, or 18.10%, in 14 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 120.26 and resistance is at 154.05. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.
Daily Technical Indicators: [See DVA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
The daily MACD line is below its signal line since September 25, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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