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Advanced TA SearchArchive
- 5/3/2024 -
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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 -0.92 points, or -4.58%, and closed at 19.16 on Friday, May 3, 2024. It was the worst weekly loss since February 2, 2024. Weekly volume was -36% below 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 18.61 on August 3, 2023. DXC lost 25.57 points, or 57.88%, in 104 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 11.77 and resistance is at 22.96. 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 18.73 on May 2, 2024. DXC lost 6.41 points, or 25.50%, in 20 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 18.51 and resistance is at 21.52. 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 medium-term trend.
 Weekly Technical Indicators: [See DXC weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 below its signal line since February 16, 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 downtrend had started on April 24, 2024 at 21.33 and reached 18.73 on May 2, 2024. DXC lost 2.60 points, or 12.19%, in 8 days. The price is now at the 16.54% retracement level.
 Daily Technical Indicators: [See DXC daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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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