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Biotechnology Industry Stocks Technical Analysis - DVAArchive
- 5/10/2024 -
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DaVita Inc. (DVA) 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 DaVita Inc. (DVA). During the week, the DVA gained 3.07 points, or 2.28%, and closed at 137.52 on Friday, May 10, 2024. DVA was trading at average weekly trading volume.
 Long-term trend: [See DVA long-term trend chart]
A long-term uptrend had started on November 9, 2022 at 65.28 and reached 145.04 on May 3, 2024. DVA gained -79.76 points, or -122.18%, in 77 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 76.10 and resistance is at 151.07. 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 145.04 on May 3, 2024. DVA gained -73.53 points, or -102.82%, in 29 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (140.28) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See DVA 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.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 April 18, 2024 at 125.64 and reached 145.04 on May 3, 2024. DVA gained -19.40 points, or -15.44%, in 15 days. Price is near the Fibonacci 38.2% 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.
The daily MACD line is above its signal line since April 25, 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.
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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Health Care |
3 |
| Industry |
Health Care Facilities |
92 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
125.64 |
| Low Date |
04/18/2024 |
| High |
145.04 |
| High Date |
05/03/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
141.54 |
| High Date |
03/13/2024 |
| Low |
131.27 |
| Low Date |
05/03/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
162.09 |
| Support |
140.28 |
| Low |
71.51 |
| Low Date |
10/11/2023 |
| High |
145.04 |
| High Date |
05/03/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
151.07 |
| Support |
76.10 |
| Low |
65.28 |
| Low Date |
11/09/2022 |
| High |
145.04 |
| High Date |
05/03/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
136.48 |
| High Date |
08/04/2021 |
| Low |
65.28 |
| Low Date |
11/09/2022 |
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