The Greedy Trader Weekly Analysis
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Quarterly Price vs. Trendline:Testing Support
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 4/19/2024 -
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DENTSPLY International Inc. (XRAY) Technical Analysis

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Summary:
Weekly :Broken trend support line - Downtrend exhaustionLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Williams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the DENTSPLY International Inc. (XRAY). During the week, the XRAY dropped -0.80 points, or -2.56%, and closed at 30.50 on Friday, April 19, 2024. Weekly volume was -15% below 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 price is now at the 9.78% retracement level.

Medium-term trend: [See XRAY medium-term trend chart]
A medium-term downtrend had started on January 10, 2024 at 37.60 and reached 30.25 on April 18, 2024. XRAY lost 7.35 points, or 19.55%, in 14 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (32.36) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See XRAY short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 33.02 and reached 30.25 on April 18, 2024. XRAY lost 2.77 points, or 8.39%, in 9 days. The price is now at the 9.03% retracement level.

Daily Technical Indicators: [See XRAY daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.

The daily MACD line is below its signal line since April 10, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.22
Williams' Percentage Range (W%R) 95.40
Strong Oversold
Lane's Stochastic (%D-Slow) 6.83
Strong Oversold
Greed/Fear Indicator (GFI) 13.54
Oversold
Moving Average Converg./Diverg. (MACD) -0.53
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.12
Williams' Percentage Range (W%R) 98.00
Strong Oversold
Lane's Stochastic (%D-Slow) 16.03
Oversold
Greed/Fear Indicator (GFI) 19.64
Oversold
Moving Average Converg./Diverg. (MACD) -0.53
Trading Signals
Description Value Chart
Upper Bollinger Band 33.59
50 Day Moving Average 32.78
Quarterly Trendline Support 32.36
Quarterly Trendline Resistance 32.23
20 Day Moving Average 31.93
Parabolic System 31.47
Weekly Stochastic Crossing 30.93
Price 30.50
Daily Stochastic Crossing 30.42
Lower Bollinger Band 29.99
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Health Care Supplies 12
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.02
High Date 04/09/2024
Low 30.25
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.28
High Date 03/13/2024
Low 30.25
Low Date 04/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.91
High Date 02/29/2024
Low 30.25
Low Date 04/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 32.23
Support 32.36
High 37.60
High Date 01/10/2024
Low 30.25
Low Date 04/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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.