The Greedy Trader Weekly Analysis
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Candlesticks Name: Bullish Doji
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- 4/26/2024 -
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IQVIA Hold (IQV) Technical Analysis

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Summary:
Weekly :Oversold sectorTrend support at 235.12
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the IQVIA Hold (IQV). During the week, the IQV gained 6.79 points, or 2.98%, and closed at 234.88 on Friday, April 26, 2024. It was the best weekly gain since February 23, 2024. IQV was trading at average weekly trading volume.

IQV is a member of Health Care Sector. Health Care is the second most oversold 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 IQV long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 165.75 and reached 261.73 on March 8, 2024. IQV gained -95.98 points, or -57.91%, in 73 weeks. The chart has formed a Broadening Symmetric Wedge chart pattern. The trend support level is at 149.27 and resistance is at 265.53. A Broadening Symmetric Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Symmetric Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Symmetric Wedge pattern in a long-term trend.

Medium-term trend: [See IQV medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 167.42 and reached 261.73 on March 8, 2024. IQV gained -94.31 points, or -56.33%, in 18 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (235.12) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

Weekly Technical Indicators: [See IQV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See IQV short-term trend chart]
A short-term downtrend had started on March 8, 2024 at 261.73 and reached 222.71 on April 18, 2024. IQV lost 39.02 points, or 14.91%, in 41 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 226.26 and resistance is at 243.05. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See IQV daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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) 42.38
Williams' Percentage Range (W%R) 66.60
Lane's Stochastic (%D-Slow) 63.94
Greed/Fear Indicator (GFI) 46.56
Moving Average Converg./Diverg. (MACD) -3.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.91
Williams' Percentage Range (W%R) 50.80
Lane's Stochastic (%D-Slow) 52.91
Greed/Fear Indicator (GFI) 53.24
Moving Average Converg./Diverg. (MACD) 8.56
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 265.53
Upper Bollinger Band 250.13
50 Day Moving Average 245.04
Weekly Trendline Resistance 243.05
Weekly Stochastic Crossing 240.63
Daily Stochastic Crossing 237.54
20 Day Moving Average 236.91
Monthly Trendline Support 235.12
Price 234.88
Weekly Trendline Support 226.26
Parabolic System 225.00
Lower Bollinger Band 224.75
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Life Sciences Tools & Services 71
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 222.71
Low Date 04/18/2024
High 244.27
High Date 04/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 243.05
Support 226.26
High 261.73
High Date 03/08/2024
Low 222.71
Low Date 04/18/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 282.43
Support 235.12
Low 167.42
Low Date 11/01/2023
High 261.73
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Symmetric Wedge
Status Valid
Resistance 265.53
Support 149.27
Low 165.75
Low Date 10/13/2022
High 261.73
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 285.61
High Date 12/30/2021
Low 165.75
Low Date 10/13/2022
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.