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Archive - 3/15/2024 - Sign In to see current Signals. |
Universal Health Services (UHS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Universal Health Services (UHS). During the week, the UHS dropped -1.79 points, or -1.02%, and closed at 173.90 on Friday, March 15, 2024. It was the worst weekly loss since October 13, 2023. UHS was trading at average weekly trading volume. Long-term trend: [See UHS long-term trend chart] A long-term downtrend had started on July 26, 2019 at 157.79 and reached 82.50 on October 21, 2022. UHS lost 75.29 points, or 47.72%, in 169 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend resistance line (174.48). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend. Medium-term trend: [See UHS medium-term trend chart] A medium-term uptrend had started on October 24, 2023 at 119.90 and reached 179.41 on March 7, 2024. UHS gained -59.51 points, or -49.63%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 169.86 and resistance is at 180.97. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend. Weekly Technical Indicators: [See UHS weekly technical indicators chart] Weekly Williams' Percentage Range and Lane's Stochastic are overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic or strongly overbought weekly Relative Strength Index. 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 November 17, 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 UHS short-term trend chart] A short-term downtrend had started on March 7, 2024 at 179.41 and reached 169.50 on March 15, 2024. UHS lost 9.91 points, or 5.52%, in 8 days. The price is now at the 44.40% retracement level. Daily Technical Indicators: [See UHS daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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.
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