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IT Consulting & Other Services Industry Stocks Technical Analysis - DXC

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- 3/15/2024 -
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DXC Technology (DXC) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversoldDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was the negative week for the DXC Technology (DXC). During the week, the DXC dropped -0.22 points, or -1.05%, and closed at 20.64 on Friday, March 15, 2024. Weekly volume was -10% below average.

DXC is a member of Information Technology Sector. Information Technology is the second 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 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 12.78 and resistance is at 23.97. 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 20.01 on March 7, 2024. DXC lost 5.13 points, or 20.41%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 19.68 and resistance is at 21.19. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See DXC weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 uptrend had started on March 7, 2024 at 20.01 and reached 21.27 on March 11, 2024. DXC gained -1.26 points, or -6.30%, in 4 days. The price is now at the 50.00% retracement level.

Daily Technical Indicators: [See DXC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.39
Williams' Percentage Range (W%R) 86.60
Oversold
Lane's Stochastic (%D-Slow) 44.11
Greed/Fear Indicator (GFI) 31.96
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.20
Williams' Percentage Range (W%R) 81.70
Oversold
Lane's Stochastic (%D-Slow) 23.15
Greed/Fear Indicator (GFI) 27.70
Moving Average Converg./Diverg. (MACD) -0.38
Trading Signals
Description Value Chart
Yearly Trendline Resistance 23.97
Upper Bollinger Band 22.15
50 Day Moving Average 21.95
Monthly Trendline Resistance 21.19
Quarterly Trendline Resistance 21.19
20 Day Moving Average 21.03
Weekly Stochastic Crossing 20.76
Price 20.64
Daily Stochastic Crossing 20.55
Parabolic System 20.09
Lower Bollinger Band 20.04
Monthly Trendline Support 19.96
Quarterly Trendline Support 19.68
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry IT Consulting & Other Services 77
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 21.27
High Date 03/11/2024
Low 20.31
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.01
Low Date 03/07/2024
High 21.27
High Date 03/11/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 21.19
Support 19.96
High 24.48
High Date 01/12/2024
Low 20.01
Low Date 03/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 21.19
Support 19.68
High 25.14
High Date 12/14/2023
Low 20.01
Low Date 03/07/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 23.97
Support 12.78
High 44.18
High Date 08/03/2021
Low 18.61
Low Date 08/03/2023
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.