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Archive
- 11/8/2024 -
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Hologic Inc (HOLX) Technical Analysis
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| Summary:
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| | It was the negative week for the Hologic Inc (HOLX). During the week, the HOLX dropped -3.61 points, or -4.38%, and closed at 78.72 on Friday, November 8, 2024. Weekly volume was 50% above average.
HOLX is a member of Health Care Sector. Health Care is the second most oversold 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 HOLX long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 9.31 and reached 87.88 on May 1, 2023. HOLX gained -78.57 points, or -843.93%, in 738 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 68.32 and resistance is at 95.43. 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 HOLX medium-term trend chart]
A medium-term uptrend had started on June 20, 2024 at 70.56 and reached 84.67 on August 9, 2024. HOLX gained -14.11 points, or -20.00%, in 7 weeks. The price is now at the 42.17% retracement level.
 Weekly Technical Indicators: [See HOLX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 18, 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 HOLX short-term trend chart]
A short-term downtrend had started on November 4, 2024 at 84.39 and reached 77.50 on November 5, 2024. HOLX lost 6.89 points, or 8.16%, in 1 days. The price is now at the 17.71% retracement level.
Daily Technical Indicators: [See HOLX daily technical indicators chart]
Daily technical indicators are neutral. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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.
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