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Advanced TA SearchArchive
- 5/17/2024 -
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DXC Technology (DXC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the DXC Technology (DXC). During the week, the DXC dropped -2.89 points, or -14.89%, and closed at 16.52 on Friday, May 17, 2024. Weekly volume was 87% above average.
 Long-term trend: [See DXC long-term trend chart]
A long-term downtrend had started on August 3, 2021 at 44.18 and reached 15.70 on May 17, 2024. DXC lost 28.48 points, or 64.46%, in 145 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 11.47 and resistance is at 22.66. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See DXC medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 25.14 and reached 15.70 on May 17, 2024. DXC lost 9.44 points, or 37.55%, in 22 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (18.14) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 DXC weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold 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 links to access Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 16, 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 DXC short-term trend chart]
A short-term downtrend had started on May 16, 2024 at 20.20 and reached 15.70 on May 17, 2024. DXC lost 4.50 points, or 22.28%, in 1 days. The price is now at the 18.22% retracement level.
 Daily Technical Indicators: [See DXC daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since May 16, 2024. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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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