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Price vs. Lower Bollinger Band:Crossover
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Bollinger Band crossover - Stock market timing signal.
The Bollinger bands indicator developed by John Bollinger in the early 1980s is one of the most popular and powerful trading tools. These bands are charted two standard deviations away from a simple moving average, and they provide a relative definition of high and low. Bollinger bands trading technique uses one band as an entry point exit of the other. The center band presents a neutral support/resistance level. As with most indicators, signals generated by bollinger band crossover should be confirmed using complimentary indicators.
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- 5/29/2020 -
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DXC Technology (DXC)

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Summary:
Weekly :Overbought sectorPrice is near the Fibonacci 23.6% retracement level
Daily :The price has fallen below the Parabolic SARThe price is below the lower Bollinger BandPrice has crossed below the 50 Day Moving Average
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.37
Williams' Percentage Range (W%R) 69.50
Lane's Stochastic (%D-Slow) 59.02
Greed/Fear Indicator (GFI) 42.30
Moving Average Converg./Diverg. (MACD) 0.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.92
Williams' Percentage Range (W%R) 75.70
Lane's Stochastic (%D-Slow) 61.76
Greed/Fear Indicator (GFI) 43.26
Moving Average Converg./Diverg. (MACD) -1.66
Trading Signals
Description Value Chart
Upper Bollinger Band 17.91
Parabolic System 17.75
Weekly Stochastic Crossing 16.53
Daily Stochastic Crossing 16.27
20 Day Moving Average 16.24
50 Day Moving Average 15.26
Lower Bollinger Band 14.28
Price 14.21
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry IT Consulting & Other Services 59
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 17.73
High Date 05/27/2020
Low 14.00
Low Date 05/29/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 17.73
High Date 05/27/2020
Low 14.00
Low Date 05/29/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 19.33
High Date 04/29/2020
Low 13.65
Low Date 05/14/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.90
Low Date 03/18/2020
High 19.33
High Date 04/29/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.25
High Date 01/29/2020
Low 7.90
Low Date 03/18/2020
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.

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