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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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- 5/2/2025 -
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IQVIA Hold (IQV) Technical Analysis

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Summary:
Weekly :Oversold industryLane's Stochastic is oversoldBroken trend resistance line
Daily :Lane's Stochastic is overbought
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It was a second positive week after 4 consecutive negative weeks for the IQVIA Hold (IQV). During the week, the IQV gained 3.20 points, or 2.13%, and closed at 153.48 on Friday, May 2, 2025. Weekly volume was 25% above average.

IQV is a member of Life Sciences Tools & Services Industry. Life Sciences Tools & Services is the sixth most oversold industry. 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 IQV long-term trend chart]
A long-term downtrend had started on March 8, 2024 at 261.73 and reached 136.00 on April 9, 2025. IQV lost 125.73 points, or 48.04%, in 56 weeks. The price is now at the 13.90% retracement level.

Medium-term trend: [See IQV medium-term trend chart]
A medium-term downtrend had started on February 6, 2025 at 220.00 and reached 136.00 on April 9, 2025. IQV lost 84.00 points, or 38.18%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (109.35) 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. IQV 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 IQV weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 below its signal line since October 4, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 9, 2025 at 136.00 and reached 156.31 on May 2, 2025. IQV gained -20.31 points, or -14.93%, in 23 days. The chart has formed a Rising Wedge chart pattern. The trend support level is at 149.36 and resistance is at 155.58. 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 short-term trend.

Daily Technical Indicators: [See IQV daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic.

The daily MACD line is above its signal line since April 23, 2025. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.85
Williams' Percentage Range (W%R) 33.90
Lane's Stochastic (%D-Slow) 86.18
Overbought
Greed/Fear Indicator (GFI) 71.06
Moving Average Converg./Diverg. (MACD) -7.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.55
Williams' Percentage Range (W%R) 77.60
Lane's Stochastic (%D-Slow) 15.68
Oversold
Greed/Fear Indicator (GFI) 24.99
Moving Average Converg./Diverg. (MACD) -12.38
Trading Signals
Description Value Chart
50 Day Moving Average 170.17
Upper Bollinger Band 163.38
Weekly Trendline Resistance 155.58
Daily Stochastic Crossing 155.14
Price 153.48
Weekly Trendline Support 149.36
20 Day Moving Average 149.32
Weekly Stochastic Crossing 146.21
Lower Bollinger Band 145.81
Monthly Trendline Resistance 144.14
Parabolic System 142.37
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Life Sciences Tools & Services 6
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 148.05
Low Date 05/01/2025
High 156.31
High Date 05/02/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 155.58
Support 149.36
Low 136.00
Low Date 04/09/2025
High 156.31
High Date 05/02/2025
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 144.14
Support 109.35
High 220.00
High Date 02/06/2025
Low 136.00
Low Date 04/09/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 252.88
High Date 08/29/2024
Low 136.00
Low Date 04/09/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 261.73
High Date 03/08/2024
Low 136.00
Low Date 04/09/2025
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.