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Advanced TA SearchArchive
- 4/5/2024 -
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Henry Schein (HSIC) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the Henry Schein (HSIC). During the week, the HSIC dropped -3.00 points, or -3.97%, and closed at 72.52 on Friday, April 5, 2024. It was the worst weekly loss since November 3, 2023. Weekly volume was -17% below average.
 Long-term trend: [See HSIC long-term trend chart]
A long-term downtrend had started on April 14, 2022 at 92.68 and reached 60.01 on November 2, 2023. HSIC lost 32.67 points, or 35.25%, in 81 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 58.37 and resistance is at 84.55. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See HSIC medium-term trend chart]
A medium-term uptrend had started on November 2, 2023 at 60.01 and reached 82.63 on February 27, 2024. HSIC gained -22.62 points, or -37.69%, in 16 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (85.50) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HSIC may retest the broken support line. It is considered to be a resistance line now. 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 HSIC weekly technical indicators chart]
Weekly technical indicators are neutral.
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 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 HSIC short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 76.15 and reached 72.20 on April 5, 2024. HSIC lost 3.95 points, or 5.19%, in 8 days. The price is now at the 8.10% retracement level.
 Daily Technical Indicators: [See HSIC daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish 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 link to access Williams' Percentage Range help.
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.
The price touches the lower Bollinger Band. 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. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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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