The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 4/26/2024 -
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HCA Holdings (HCA) Technical Analysis

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Summary:
Weekly :Oversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageWilliams' Percentage Range is oversoldStochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the HCA Holdings (HCA). During the week, the HCA climbed 1.58 points, or 0.52%, and closed at 306.69 on Friday, April 26, 2024. Weekly volume was 16% above average.

HCA 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 HCA long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 164.47 and reached 335.83 on April 4, 2024. HCA gained -171.36 points, or -104.19%, in 90 weeks. The price is now at the 17.01% retracement level.

Medium-term trend: [See HCA medium-term trend chart]
A medium-term uptrend had started on October 24, 2023 at 215.96 and reached 335.83 on April 4, 2024. HCA gained -119.87 points, or -55.51%, in 23 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See HCA short-term trend chart]
A short-term uptrend had started on April 18, 2024 at 292.97 and reached 322.26 on April 25, 2024. HCA gained -29.29 points, or -10.00%, in 7 days. The price is now at the 53.16% retracement level.

Daily Technical Indicators: [See HCA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since March 20, 2024.

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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 34.30
Williams' Percentage Range (W%R) 89.70
Oversold
Lane's Stochastic (%D-Slow) 58.27
Greed/Fear Indicator (GFI) 34.29
Moving Average Converg./Diverg. (MACD) -1.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.08
Williams' Percentage Range (W%R) 45.10
Lane's Stochastic (%D-Slow) 66.49
Greed/Fear Indicator (GFI) 57.28
Moving Average Converg./Diverg. (MACD) 15.06
Trading Signals
Description Value Chart
Upper Bollinger Band 336.84
50 Day Moving Average 320.18
20 Day Moving Average 319.98
Weekly Stochastic Crossing 318.67
Daily Stochastic Crossing 310.87
Price 306.69
Lower Bollinger Band 297.96
Parabolic System 295.49
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Facilities 84
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 292.97
Low Date 04/18/2024
High 322.26
High Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 335.83
High Date 04/04/2024
Low 292.97
Low Date 04/18/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 215.96
Low Date 10/24/2023
High 335.83
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 164.47
Low Date 07/14/2022
High 335.83
High Date 04/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.03
Low Date 08/09/2011
High 335.83
High Date 04/04/2024
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.