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Archive
- 4/19/2024 -
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Gartner Inc (IT) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Gartner Inc (IT). During the week, the IT dropped -25.07 points, or -5.39%, and closed at 440.38 on Friday, April 19, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was 7% above average.
 Long-term trend: [See IT long-term trend chart]
A long-term uptrend had started on June 24, 2020 at 114.83 and reached 486.54 on March 21, 2024. IT gained -371.71 points, or -323.70%, in 195 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (344.73) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.
 Medium-term trend: [See IT medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 323.61 and reached 486.54 on March 21, 2024. IT gained -162.93 points, or -50.35%, in 20 weeks. The price is now at the 28.33% retracement level.
 Weekly Technical Indicators: [See IT weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 1, 2024. Use the following link to access a MACD help.
 Short-term trend: [See IT short-term trend chart]
A short-term downtrend had started on March 21, 2024 at 486.54 and reached 438.58 on April 19, 2024. IT lost 47.96 points, or 9.86%, in 29 days. The chart has formed a Broadening Descending Wedge chart pattern.
 Daily Technical Indicators: [See IT daily technical indicators chart]
Daily Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold 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 daily MACD line is below its signal line since March 27, 2024. This is an indication that the short-term trend is down.
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.
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