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Archive
- 11/8/2024 -
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Henry Schein (HSIC) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Henry Schein (HSIC). During the week, the HSIC dropped -2.37 points, or -3.37%, and closed at 68.00 on Friday, November 8, 2024. Weekly volume was 76% above average.
HSIC 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 HSIC long-term trend chart]
A long-term downtrend had started on April 14, 2022 at 92.68 and reached 60.01 on November 2, 2023. HSIC lost 32.67 points, or 35.25%, in 81 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 55.42 and resistance is at 80.78. 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 HSIC medium-term trend chart]
A medium-term downtrend had started on October 21, 2024 at 72.53 and reached 67.46 on November 5, 2024. HSIC lost 5.07 points, or 6.99%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 66.74 and resistance is at 71.15. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HSIC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 26, 2024. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See HSIC short-term trend chart]
A short-term downtrend had started on November 6, 2024 at 71.35 and reached 67.90 on November 8, 2024. HSIC lost 3.45 points, or 4.84%, in 2 days. Price is near the trend low.
Daily Technical Indicators: [See HSIC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 4, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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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