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- 11/8/2024 -
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DENTSPLY International Inc. (XRAY) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineOversold sectorBroken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :The price is below the lower Bollinger BandWilliams' Percentage Range is oversoldThe Bollinger Bands are historically far apart
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It was the negative week for the DENTSPLY International Inc. (XRAY). During the week, the XRAY dropped -5.61 points, or -23.94%, and closed at 17.82 on Friday, November 8, 2024. Weekly volume was 209% above average.

XRAY 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 XRAY long-term trend chart]
A long-term downtrend had started on January 10, 2024 at 37.60 and reached 17.21 on November 8, 2024. XRAY lost 20.39 points, or 54.23%, in 43 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (19.29) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 XRAY medium-term trend chart]
A medium-term downtrend had started on September 18, 2024 at 27.48 and reached 17.21 on November 8, 2024. XRAY lost 10.27 points, or 37.37%, in 7 weeks. The price is now at the 5.94% retracement level.

Weekly Technical Indicators: [See XRAY 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.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See XRAY short-term trend chart]
A short-term downtrend had started on November 6, 2024 at 24.86 and reached 17.21 on November 8, 2024. XRAY lost 7.65 points, or 30.77%, in 2 days. The price is now at the 7.97% retracement level.

Daily Technical Indicators: [See XRAY daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

The daily MACD line is below its signal line since November 6, 2024. 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 price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The distance between the Bollinger Bands (44.44%) is close to one year high (23.53%). It is 272.03% 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.73
Williams' Percentage Range (W%R) 95.10
Strong Oversold
Lane's Stochastic (%D-Slow) 23.98
Greed/Fear Indicator (GFI) 16.54
Oversold
Moving Average Converg./Diverg. (MACD) -0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 23.71
Williams' Percentage Range (W%R) 96.50
Strong Oversold
Lane's Stochastic (%D-Slow) 13.53
Oversold
Greed/Fear Indicator (GFI) 17.85
Oversold
Moving Average Converg./Diverg. (MACD) -1.50
Trading Signals
Description Value Chart
Upper Bollinger Band 26.86
50 Day Moving Average 24.67
Parabolic System 24.58
20 Day Moving Average 23.28
Quarterly Trendline Support 19.29
Daily Stochastic Crossing 19.04
Lower Bollinger Band 18.93
Weekly Stochastic Crossing 18.39
Price 17.82
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Supplies 19
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 24.86
High Date 11/06/2024
Low 17.21
Low Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 24.93
High Date 10/15/2024
Low 17.21
Low Date 11/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.48
High Date 09/18/2024
Low 17.21
Low Date 11/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 24.35
Support 19.29
High 37.60
High Date 01/10/2024
Low 17.21
Low Date 11/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 69.54
High Date 05/10/2021
Low 17.21
Low Date 11/08/2024
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.