|
|
Downtrend Broken Resist.Archive
- 5/10/2024 -
Sign In to see current Signals. |
Edwards Lifesciences (EW) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Edwards Lifesciences (EW). During the week, the EW gained 1.47 points, or 1.72%, and closed at 86.72 on Friday, May 10, 2024. It was the best weekly gain since March 28, 2024. Weekly volume was -37% below average.
 Long-term trend: [See EW long-term trend chart]
A long-term downtrend had started on December 30, 2021 at 131.73 and reached 60.57 on October 30, 2023. EW lost 71.16 points, or 54.02%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (56.99) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.
 Medium-term trend: [See EW medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 60.57 and reached 96.12 on March 28, 2024. EW gained -35.55 points, or -58.69%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (93.15) is broken. A broken support is considered to be a long-term bearish signal. 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 EW weekly technical indicators chart]
Weekly technical indicators are neutral.
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 EW short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 83.50 and reached 88.09 on May 10, 2024. EW gained -4.59 points, or -5.50%, in 9 days. The price is now at the 29.85% retracement level.
Daily Technical Indicators: [See EW daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
| |
|
|