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Downtrend ExhaustionArchive
- 3/21/2025 -
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Gartner Inc (IT) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Gartner Inc (IT). During the week, the IT dropped -27.00 points, or -5.90%, and closed at 430.40 on Friday, March 21, 2025. Weekly volume was 260% above average.
IT is a member of Information Technology Sector. Information Technology is the 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 IT long-term trend chart]
A long-term uptrend had started on June 24, 2020 at 114.83 and reached 584.00 on February 4, 2025. IT gained -469.17 points, or -408.58%, in 240 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (496.98) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IT may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See IT medium-term trend chart]
A medium-term uptrend had started on June 16, 2022 at 221.39 and reached 584.00 on February 4, 2025. IT gained -362.61 points, or -163.79%, in 137 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (501.57) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IT may retest the broken support line. It is considered to be a resistance 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 support in a medium-term trend.
 Weekly Technical Indicators: [See IT weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 7, 2025. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See IT short-term trend chart]
A short-term downtrend had started on March 17, 2025 at 464.90 and reached 409.50 on March 21, 2025. IT lost 55.40 points, or 11.92%, in 4 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See IT daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.
The daily MACD line is below its signal line since February 6, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands (21.51%) is close to one year high (16.00%). It is 136.43% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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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