The Greedy Trader Weekly Analysis
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Weekly RSI:> 90
Number of records: 7
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Relative Strength Index (RSI Indicator)

The Relative Strength Index is a popular momentum oscillator, developed by Welles Wilder, Jr. It is one of the most widely used technical indicators. Relative Strength Index compares upward vs. downward movements in closing over a selected period. The RSI Indicator fluctuates from 0% to 100%. A stock with RSI Indicator higher than 70% is considered overbought and lower than 30% - oversold. A good rule is to adjust overbought/oversold index range to 80% in bull and to 20% in bear markets. Relative Strength Index can provide an early warning, but not the final signal. It should be used in conjunction with other stock picking techniques. The divergence between RSI Indicator and underlying stock price is the most important signal provided by RSI, and it can be an indication of an impending reversal. Using the RSI divergence (bullish and bearish), chart patterns, trendlines, support, and resistance lines along with the RSI Indicator chart can be very useful.

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- 3/15/2024 -
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HCA Holdings (HCA) Technical Analysis

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Summary:
Weekly :Broken trend support lineRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineRelative Strength Index and Lane's Stochastic bearish divergence
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the HCA Holdings (HCA). During the week, the HCA dropped -3.40 points, or -1.04%, and closed at 321.97 on Friday, March 15, 2024. It was the worst weekly loss since January 26, 2024. Weekly volume was -20% below average.

Long-term trend: [See HCA long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 164.47 and reached 328.74 on March 8, 2024. HCA gained -164.27 points, or -99.88%, in 86 weeks. Price is near the trend high.

Medium-term trend: [See HCA medium-term trend chart]
A medium-term uptrend had started on October 24, 2023 at 215.96 and reached 328.74 on March 8, 2024. HCA gained -112.78 points, or -52.22%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (331.66) 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 HCA weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

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 relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See HCA short-term trend chart]
A short-term downtrend had started on March 12, 2024 at 326.23 and reached 318.90 on March 15, 2024. HCA lost 7.33 points, or 2.25%, in 3 days. The price is now at the 41.88% retracement level.

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

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.36
Williams' Percentage Range (W%R) 44.50
Lane's Stochastic (%D-Slow) 67.99
Greed/Fear Indicator (GFI) 62.62
Moving Average Converg./Diverg. (MACD) 6.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.39
Overbought Bearish
Williams' Percentage Range (W%R) 8.70
Strong Overbought
Lane's Stochastic (%D-Slow) 89.87
Overbought Bearish
Greed/Fear Indicator (GFI) 82.37
Overbought
Moving Average Converg./Diverg. (MACD) 9.60
Trading Signals
Description Value Chart
Monthly Trendline Resistance 350.48
Monthly Trendline Support 331.66
Parabolic System 329.07
Upper Bollinger Band 327.72
Daily Stochastic Crossing 325.05
Weekly Stochastic Crossing 324.07
Price 321.97
20 Day Moving Average 316.82
Lower Bollinger Band 305.05
50 Day Moving Average 302.56
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Facilities 114
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 326.23
High Date 03/12/2024
Low 318.90
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 301.83
Low Date 02/13/2024
High 328.74
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 350.48
Support 331.66
Low 215.96
Low Date 10/24/2023
High 328.74
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 164.47
Low Date 07/14/2022
High 328.74
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.03
Low Date 08/09/2011
High 328.74
High Date 03/08/2024
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.