The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

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- 1/10/2025 -
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IQVIA Hold (IQV) Technical Analysis

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Summary:
Weekly :Broken trend resistance linePrice is near the Fibonacci 23.6% retracement level
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AveragePrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the IQVIA Hold (IQV). During the week, the IQV gained 5.90 points, or 2.99%, and closed at 203.30 on Friday, January 10, 2025. It was the best weekly gain since November 8, 2024. Weekly volume was 17% above average.

Long-term trend: [See IQV long-term trend chart]
A long-term downtrend had started on March 8, 2024 at 261.73 and reached 187.60 on November 18, 2024. IQV lost 74.13 points, or 28.32%, in 36 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See IQV medium-term trend chart]
A medium-term downtrend had started on August 29, 2024 at 252.88 and reached 187.60 on November 18, 2024. IQV lost 65.28 points, or 25.81%, in 11 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (189.67) 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 IQV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 4, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See IQV short-term trend chart]
A short-term uptrend had started on December 19, 2024 at 188.90 and reached 207.70 on January 10, 2025. IQV gained -18.80 points, or -9.95%, in 22 days. Price is near the Fibonacci 23.6% retracement level.

Daily Technical Indicators: [See IQV daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since December 20, 2024. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 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.

During the last week, the price 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.90
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 73.32
Greed/Fear Indicator (GFI) 73.88
Moving Average Converg./Diverg. (MACD) -1.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.36
Williams' Percentage Range (W%R) 76.90
Lane's Stochastic (%D-Slow) 26.83
Greed/Fear Indicator (GFI) 30.35
Moving Average Converg./Diverg. (MACD) -6.15
Trading Signals
Description Value Chart
Upper Bollinger Band 206.74
Daily Stochastic Crossing 204.38
Price 203.30
50 Day Moving Average 202.75
20 Day Moving Average 198.45
Monthly Trendline Resistance 197.08
Weekly Stochastic Crossing 195.79
Lower Bollinger Band 193.40
Parabolic System 191.71
Monthly Trendline Support 189.67
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Life Sciences Tools & Services 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 193.50
Low Date 01/03/2025
High 207.70
High Date 01/10/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 188.90
Low Date 12/19/2024
High 207.70
High Date 01/10/2025
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 197.08
Support 189.67
High 252.88
High Date 08/29/2024
Low 187.60
Low Date 11/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 261.73
High Date 03/08/2024
Low 187.60
Low Date 11/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 165.75
Low Date 10/13/2022
High 261.73
High Date 03/08/2024
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.