The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend 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 resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/10/2025 -
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DaVita Inc. (DVA) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the DaVita Inc. (DVA). During the week, the DVA climbed 0.60 points, or 0.39%, and closed at 153.40 on Friday, January 10, 2025. Weekly volume was -29% below average.

Long-term trend: [See DVA long-term trend chart]
A long-term uptrend had started on November 9, 2022 at 65.28 and reached 169.50 on November 27, 2024. DVA gained -104.22 points, or -159.65%, in 107 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.03 and resistance is at 173.94. 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 downtrend had started on November 27, 2024 at 169.50 and reached 145.10 on December 17, 2024. DVA lost 24.40 points, or 14.40%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (149.75) 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 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. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See DVA short-term trend chart]
A short-term uptrend had started on January 2, 2025 at 148.20 and reached 155.00 on January 10, 2025. DVA gained -6.80 points, or -4.59%, in 8 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DVA daily technical indicators chart]
Daily technical indicators are neutral.

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

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. 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) 64.86
Williams' Percentage Range (W%R) 35.30
Lane's Stochastic (%D-Slow) 55.66
Greed/Fear Indicator (GFI) 61.73
Moving Average Converg./Diverg. (MACD) -1.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.40
Williams' Percentage Range (W%R) 53.60
Lane's Stochastic (%D-Slow) 48.55
Greed/Fear Indicator (GFI) 47.17
Moving Average Converg./Diverg. (MACD) 5.60
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 173.94
Upper Bollinger Band 158.58
Weekly Stochastic Crossing 155.60
50 Day Moving Average 154.89
Price 153.40
Daily Stochastic Crossing 151.96
20 Day Moving Average 151.90
Monthly Trendline Resistance 151.58
Monthly Trendline Support 149.75
Lower Bollinger Band 148.16
Parabolic System 148.05
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Facilities 33
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 148.20
Low Date 01/02/2025
High 155.00
High Date 01/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 145.10
Low Date 12/17/2024
High 156.70
High Date 12/27/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 151.58
Support 149.75
High 169.50
High Date 11/27/2024
Low 145.10
Low Date 12/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 173.94
Support 80.03
Low 65.28
Low Date 11/09/2022
High 169.50
High Date 11/27/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 43.40
Low Date 05/31/2019
High 169.50
High Date 11/27/2024
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.