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Downtrend ExhaustionArchive
- 4/25/2025 -
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Edwards Lifesciences (EW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third consecutive positive week for the Edwards Lifesciences (EW). During the week, the EW gained 4.51 points, or 6.31%, and closed at 76.04 on Friday, April 25, 2025. It was the best weekly gain since February 14, 2025. Weekly volume was 37% 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 76.73 on February 14, 2025. EW gained -17.80 points, or -30.21%, in 29 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 73.14 and resistance is at 77.48. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See EW medium-term trend chart]
A medium-term downtrend had started on February 14, 2025 at 76.73 and reached 65.94 on April 9, 2025. EW lost 10.79 points, or 14.06%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (64.42) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. EW may retest the broken resistance line. It is considered to be a support line now. 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 8, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 April 9, 2025 at 65.94 and reached 76.29 on April 24, 2025. EW gained -10.35 points, or -15.70%, in 15 days. Price is near the trend high.
Daily Technical Indicators: [See EW 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.
The daily MACD line is above its signal line since April 15, 2025. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish 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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