The Greedy Trader Weekly Analysis
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- 6/5/2026 -
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Edwards Lifesciences (EW) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaThe price has fallen below the Parabolic SAR
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It was the negative week for the Edwards Lifesciences (EW). During the week, the EW gave back -0.51 points, or -0.59%, and closed at 85.96 on Friday, June 5, 2026. Weekly volume was 33% above average.

Long-term trend: [See EW long-term trend chart]
A long-term uptrend had started on July 25, 2024 at 58.93 and reached 89.48 on June 5, 2026. EW gained -30.55 points, or -51.84%, in 97 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 77.81 and resistance is at 94.71. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See EW medium-term trend chart]
A medium-term uptrend had started on February 11, 2026 at 74.66 and reached 89.48 on June 5, 2026. EW gained -14.82 points, or -19.85%, in 16 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (77.63) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See EW weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since May 22, 2026. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See EW short-term trend chart]
A short-term uptrend had started on May 11, 2026 at 76.49 and reached 89.48 on June 5, 2026. EW gained -12.99 points, or -16.98%, in 25 days. The price is now at the 27.10% retracement level.

Daily Technical Indicators: [See EW daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought 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. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since May 18, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.77
Williams' Percentage Range (W%R) 9.50
Strong Overbought
Lane's Stochastic (%D-Slow) 64.97
Greed/Fear Indicator (GFI) 73.40
Moving Average Converg./Diverg. (MACD) 1.26
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.18
Williams' Percentage Range (W%R) 8.40
Strong Overbought
Lane's Stochastic (%D-Slow) 67.75
Greed/Fear Indicator (GFI) 70.01
Moving Average Converg./Diverg. (MACD) 0.50
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 94.71
Upper Bollinger Band 91.03
Parabolic System 89.23
Daily Stochastic Crossing 87.53
Price 85.96
Weekly Stochastic Crossing 85.44
20 Day Moving Average 83.96
Monthly Trendline Resistance 83.79
50 Day Moving Average 82.22
Lower Bollinger Band 78.63
Quarterly Trendline Support 77.81
Monthly Trendline Support 77.63
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Equipment 32
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.49
Low Date 05/11/2026
High 89.48
High Date 06/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 76.49
Low Date 05/11/2026
High 89.48
High Date 06/05/2026
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 83.79
Support 77.63
Low 74.66
Low Date 02/11/2026
High 89.48
High Date 06/05/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 94.71
Support 77.81
Low 58.93
Low Date 07/25/2024
High 89.48
High Date 06/05/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.73
High Date 12/30/2021
Low 58.93
Low Date 07/25/2024
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.