The Greedy Trader Weekly Analysis
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Yearly Pattern:Falling Channel
Number of records: 4
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
DaVita Inc.
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Summary:
Weekly :Overbought sectorLane's Stochastic is overbought
Daily :Price is near the Fibonacci 38.2% retracement levelThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the DaVita Inc. (DVA). During the week, the DVA gained 0.78 points, or 1.12%, and closed at 70.22 on Friday, July 06, 2018. Weekly volume was -37% below average.

DVA is a member of Healthcare Sector. Healthcare 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 DVA long-term trend chart]
A long-term uptrend had started on November 8, 2017 at 52.51 and reached 80.71 on January 11, 2018. DVA gained -28.20 points, or -53.70%, in 9 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 67.77 and resistance is at 72.56. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See DVA medium-term trend chart]
A medium-term uptrend had started on April 4, 2018 at 61.72 and reached 73.50 on June 15, 2018. DVA gained -11.78 points, or -19.09%, in 10 weeks. The price is now at the 27.84% retracement level.

Weekly Technical Indicators: [See DVA weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since June 8, 2018. 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 DVA short-term trend chart]
A short-term downtrend had started on June 15, 2018 at 73.50 and reached 68.29 on June 28, 2018. DVA lost 5.21 points, or 7.09%, in 13 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DVA daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 22, 2018. This is an indication that the short-term trend is down.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 22.69
Williams' Percentage Range (W%R) 74.70
Lane's Stochastic (%D-Slow) 28.15
Greed/Fear Indicator (GFI) 25.39
Moving Average Converg./Diverg. (MACD) 0.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.61
Williams' Percentage Range (W%R) 42.70
Lane's Stochastic (%D-Slow) 82.14
Overbought
Greed/Fear Indicator (GFI) 66.59
Moving Average Converg./Diverg. (MACD) 0.43
Trading Signals
Description Value Chart
Upper Bollinger Band 72.69
Quarterly Trendline Resistance 72.56
Weekly Stochastic Crossing 71.93
20 Day Moving Average 71.21
Parabolic System 71.08
Price 70.22
Daily Stochastic Crossing 69.33
50 Day Moving Average 68.26
Quarterly Trendline Support 67.77
Lower Bollinger Band 67.67
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Specialized Health Svcs 128
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 68.29
Low Date 06/28/2018
High 70.47
High Date 06/29/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.50
High Date 06/15/2018
Low 68.29
Low Date 06/28/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.72
Low Date 04/04/2018
High 73.50
High Date 06/15/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Valid
Resistance 72.56
Support 67.77
Low 52.51
Low Date 11/08/2017
High 80.71
High Date 01/11/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 85.17
High Date 04/27/2015
Low 52.51
Low Date 11/08/2017
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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