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Advanced TA SearchArchive
- 5/29/2020 -
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DXC Technology (DXC) |
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the DXC Technology (DXC). During the week, the DXC dropped -1.27 points, or -8.20%, and closed at 14.21 on Friday, May 29, 2020. Weekly volume was 151% above average.
DXC is a member of Information Technology Sector. Information Technology is the most overbought 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 DXC long-term trend chart]
A long-term downtrend had started on January 29, 2020 at 34.25 and reached 7.90 on March 18, 2020. DXC lost 26.35 points, or 76.93%, in 7 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See DXC medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 7.90 and reached 19.33 on April 29, 2020. DXC gained -11.43 points, or -144.68%, in 6 weeks. The price is now at the 44.79% retracement level.
 Weekly Technical Indicators: [See DXC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since January 3, 2020. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
Short-term trend: [See DXC short-term trend chart]
A short-term downtrend had started on May 27, 2020 at 17.73 and reached 14.00 on May 29, 2020. DXC lost 3.73 points, or 21.04%, in 2 days. The price is now at the 5.63% retracement level.
Daily Technical Indicators: [See DXC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 28, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
During the last week, the price 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.
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