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- 11/22/2024 -
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Universal Health Services (UHS) Technical Analysis

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Summary:
Weekly :Oversold sectorTrend resistance at 208.76Trend support at 193.88
Daily :
Move cursor over the icon to see details.

It was the negative week for the Universal Health Services (UHS). During the week, the UHS dropped -2.40 points, or -1.20%, and closed at 197.90 on Friday, November 22, 2024. Weekly volume was 48% above average.

UHS is a member of Health Care Sector. Health Care 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 UHS long-term trend chart]
A long-term uptrend had started on February 5, 2010 at 28.40 and reached 243.25 on September 24, 2024. UHS gained -214.85 points, or -756.51%, in 763 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (208.76). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See UHS medium-term trend chart]
A medium-term uptrend had started on October 24, 2023 at 119.90 and reached 243.25 on September 24, 2024. UHS gained -123.35 points, or -102.88%, in 48 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (193.88) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See UHS weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 4, 2024. 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 UHS short-term trend chart]
A short-term downtrend had started on October 18, 2024 at 240.26 and reached 189.40 on November 21, 2024. UHS lost 50.86 points, or 21.17%, in 34 days. The price is now at the 16.71% retracement level.

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

The daily MACD line is below its signal line since October 24, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.92
Williams' Percentage Range (W%R) 71.90
Lane's Stochastic (%D-Slow) 29.64
Greed/Fear Indicator (GFI) 30.21
Moving Average Converg./Diverg. (MACD) -5.63
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.45
Williams' Percentage Range (W%R) 72.00
Lane's Stochastic (%D-Slow) 23.29
Greed/Fear Indicator (GFI) 30.32
Moving Average Converg./Diverg. (MACD) 12.08
Trading Signals
Description Value Chart
50 Day Moving Average 217.99
Upper Bollinger Band 214.15
Yearly Trendline Resistance 208.76
Parabolic System 203.95
20 Day Moving Average 203.68
Price 197.90
Weekly Stochastic Crossing 197.47
Lower Bollinger Band 196.39
Daily Stochastic Crossing 194.88
Monthly Trendline Support 193.88
Sector and Industry
Description Name Rank
Sector Health Care 1
Industry Health Care Facilities 30
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 240.26
High Date 10/18/2024
Low 189.40
Low Date 11/21/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 243.25
High Date 09/24/2024
Low 189.40
Low Date 11/21/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 264.10
Support 193.88
Low 119.90
Low Date 10/24/2023
High 243.25
High Date 09/24/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.50
Low Date 10/21/2022
High 243.25
High Date 09/24/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 208.76
Support 82.50
Low 28.40
Low Date 02/05/2010
High 243.25
High Date 09/24/2024
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.