The Greedy Trader Weekly Analysis
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- 1/17/2025 -
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DXC Technology (DXC) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week after 6 consecutive negative weeks for the DXC Technology (DXC). During the week, the DXC gained 1.01 points, or 5.19%, and closed at 20.48 on Friday, January 17, 2025. It was the best weekly gain since November 22, 2024. Weekly volume was -55% below average.

DXC is a member of Information Technology Sector. Information Technology is the most overbought 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 DXC long-term trend chart]
A long-term downtrend had started on August 3, 2021 at 44.18 and reached 14.79 on May 30, 2024. DXC lost 29.39 points, or 66.52%, in 147 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (10.88) 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 DXC medium-term trend chart]
A medium-term downtrend had started on November 12, 2024 at 23.18 and reached 19.14 on January 13, 2025. DXC lost 4.04 points, or 17.43%, in 8 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 19.14 and resistance is at 22.45. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a medium-term trend.

Weekly Technical Indicators: [See DXC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since December 27, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See DXC short-term trend chart]
A short-term uptrend had started on January 13, 2025 at 19.14 and reached 21.01 on January 16, 2025. DXC gained -1.87 points, or -9.77%, in 3 days. The price is now at the 28.34% retracement level.

Daily Technical Indicators: [See DXC 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.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.35
Williams' Percentage Range (W%R) 35.90
Lane's Stochastic (%D-Slow) 67.14
Greed/Fear Indicator (GFI) 60.86
Moving Average Converg./Diverg. (MACD) -0.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.19
Williams' Percentage Range (W%R) 69.60
Lane's Stochastic (%D-Slow) 25.75
Greed/Fear Indicator (GFI) 35.23
Moving Average Converg./Diverg. (MACD) 0.29
Trading Signals
Description Value Chart
Monthly Trendline Resistance 22.45
Upper Bollinger Band 21.44
50 Day Moving Average 21.24
Daily Stochastic Crossing 20.52
Price 20.48
20 Day Moving Average 20.33
Weekly Stochastic Crossing 19.99
Lower Bollinger Band 19.55
Parabolic System 19.27
Monthly Trendline Support 19.14
Yearly Trendline Resistance 16.87
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry IT Consulting & Other Services 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 19.14
Low Date 01/13/2025
High 21.01
High Date 01/16/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 19.14
Low Date 01/13/2025
High 21.01
High Date 01/16/2025
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Valid
Resistance 22.45
Support 19.14
High 23.18
High Date 11/12/2024
Low 19.14
Low Date 01/13/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 14.79
Low Date 05/30/2024
High 24.83
High Date 11/08/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 16.87
Support 10.88
High 44.18
High Date 08/03/2021
Low 14.79
Low Date 05/30/2024
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.