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- 3/15/2024 -
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DENTSPLY International Inc. (XRAY) Technical Analysis

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Summary:
Weekly :Broken trend resistance lineBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe price touches the lower Bollinger BandThe Bollinger Bands are historically close together
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It was the negative week for the DENTSPLY International Inc. (XRAY). During the week, the XRAY dropped -0.91 points, or -2.70%, and closed at 32.84 on Friday, March 15, 2024. Weekly volume was 12% above average.

Long-term trend: [See XRAY long-term trend chart]
A long-term downtrend had started on May 10, 2021 at 69.54 and reached 26.27 on November 2, 2023. XRAY lost 43.27 points, or 62.22%, in 129 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend resistance line (26.19) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See XRAY medium-term trend chart]
A medium-term uptrend had started on November 2, 2023 at 26.27 and reached 37.60 on January 10, 2024. XRAY gained -11.33 points, or -43.13%, in 9 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (43.09) 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. XRAY 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 XRAY 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 XRAY short-term trend chart]
A short-term uptrend had started on March 1, 2024 at 32.19 and reached 34.28 on March 13, 2024. XRAY gained -2.09 points, or -6.49%, in 12 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See XRAY 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. 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.

The daily MACD line is above its signal line since February 29, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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 distance between the Bollinger Bands (4.38%) is close to one year low (4.79%). It is 62.05% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.09
Williams' Percentage Range (W%R) 81.20
Oversold
Lane's Stochastic (%D-Slow) 48.57
Greed/Fear Indicator (GFI) 35.80
Moving Average Converg./Diverg. (MACD) -0.19
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.99
Williams' Percentage Range (W%R) 43.20
Lane's Stochastic (%D-Slow) 25.18
Greed/Fear Indicator (GFI) 43.22
Moving Average Converg./Diverg. (MACD) -0.51
Trading Signals
Description Value Chart
50 Day Moving Average 34.32
Upper Bollinger Band 34.25
Parabolic System 34.24
Monthly Trendline Resistance 34.04
20 Day Moving Average 33.45
Daily Stochastic Crossing 33.34
Weekly Stochastic Crossing 33.23
Price 32.84
Lower Bollinger Band 32.79
Monthly Trendline Support 32.24
Yearly Trendline Resistance 31.75
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Supplies 19
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 32.19
Low Date 03/01/2024
High 34.28
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.13
Low Date 02/13/2024
High 34.91
High Date 02/29/2024
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Valid
Resistance 34.04
Support 32.24
High 37.60
High Date 01/10/2024
Low 32.13
Low Date 02/13/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 46.10
Support 43.09
Low 26.27
Low Date 11/02/2023
High 37.60
High Date 01/10/2024
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Resistance
Resistance 31.75
Support 26.19
High 69.54
High Date 05/10/2021
Low 26.27
Low Date 11/02/2023
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.