The Greedy Trader Weekly Analysis
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IT Consulting & Other Services Industry Technical Analysis

Archive
- 1/7/2022 -
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DXC Technology (DXC)

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Summary:
Weekly :Broken trend support linePrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaA Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement level
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It was a first positive week for the DXC Technology (DXC). During the week, the DXC gained 1.15 points, or 3.57%, and closed at 33.34 on Friday, January 7, 2022. Weekly volume was -91% below average.

Long-term trend: [See DXC long-term trend chart]
A long-term uptrend had started on November 30, 2021 at 29.39 and reached 34.64 on January 5, 2022. DXC gained -5.25 points, or -17.86%, in 5 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See DXC medium-term trend chart]
A medium-term uptrend had started on December 20, 2021 at 29.14 and reached 34.64 on January 5, 2022. DXC gained -5.50 points, or -18.87%, in 2 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (34.08) 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 DXC weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since July 23, 2021. The distance between MACD and the signal line is low and getting smaller. 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 January 5, 2022 at 34.64 and reached 32.96 on January 6, 2022. DXC lost 1.68 points, or 4.85%, in 1 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See DXC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is above its signal line since December 6, 2021.

A Parabolic SAR (stop and reversal) indicator (33.17) comes close to the price (33.34). It indicates that the trend is getting weaker. 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 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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) 68.64
Williams' Percentage Range (W%R) 18.40
Overbought
Lane's Stochastic (%D-Slow) 70.85
Greed/Fear Indicator (GFI) 73.71
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.93
Williams' Percentage Range (W%R) 46.80
Lane's Stochastic (%D-Slow) 43.56
Greed/Fear Indicator (GFI) 48.89
Moving Average Converg./Diverg. (MACD) -0.45
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 35.11
Upper Bollinger Band 34.80
Quarterly Trendline Support 34.08
Daily Stochastic Crossing 33.75
Price 33.34
Parabolic System 33.17
20 Day Moving Average 32.07
50 Day Moving Average 32.05
Weekly Stochastic Crossing 31.81
Lower Bollinger Band 30.08
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry IT Consulting & Other Services 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 34.64
High Date 01/05/2022
Low 32.96
Low Date 01/06/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.64
High Date 01/05/2022
Low 32.96
Low Date 01/06/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.64
High Date 01/05/2022
Low 32.96
Low Date 01/06/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 35.11
Support 34.08
Low 29.14
Low Date 12/20/2021
High 34.64
High Date 01/05/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 29.39
Low Date 11/30/2021
High 34.64
High Date 01/05/2022
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.

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