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Downtrend ResistanceArchive
- 8/30/2024 -
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Hologic Inc (HOLX) Technical Analysis
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| Summary:
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| | It was a first positive week after 3 consecutive negative weeks for the Hologic Inc (HOLX). During the week, the HOLX gained 0.99 points, or 1.23%, and closed at 81.24 on Friday, August 30, 2024. Weekly volume was -33% below average.
HOLX is a member of Health Care Sector. Health Care 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 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 67.54 and resistance is at 94.37. 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 downtrend had started on May 1, 2023 at 87.88 and reached 64.02 on October 30, 2023. HOLX lost 23.86 points, or 27.15%, in 26 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (72.60) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See HOLX weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since July 12, 2024. 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 August 9, 2024 at 84.67 and reached 79.54 on August 27, 2024. HOLX lost 5.13 points, or 6.06%, in 18 days. The chart has formed a Falling Wedge chart pattern.
Daily Technical Indicators: [See HOLX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
The daily MACD line is below its signal line since August 12, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (81.41) comes close to the price (81.24). 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 price has moved above 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.
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