The Greedy Trader Weekly Analysis
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DaVita Inc.
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Summary:
Weekly :Oversold sectorWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtPrice has crossed above the 50 Day Moving AverageBearish Advance Block CandlestickDaily  MACD line has moved above its signal line
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It was a second positive week after 3 consecutive negative weeks for the DaVita Inc. (DVA). During the week, the DVA gained 3.96 points, or 6.93%, and closed at 61.11 on Friday, December 01, 2017. It was the best weekly gain since October 20, 2017. Weekly volume was 52% above average.

DVA is a member of Healthcare Sector. Healthcare is the 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 DVA long-term trend chart]
A long-term downtrend had started on April 27, 2015 at 85.17 and reached 52.51 on November 8, 2017. DVA lost 32.66 points, or 38.35%, in 132 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 47.06 and resistance is at 63.85. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See DVA medium-term trend chart]
A medium-term downtrend had started on May 2, 2017 at 70.16 and reached 52.51 on November 8, 2017. DVA lost 17.65 points, or 25.16%, in 27 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (52.34) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. DVA may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See DVA short-term trend chart]
A short-term uptrend had started on November 8, 2017 at 52.51 and reached 61.60 on December 1, 2017. DVA gained -9.09 points, or -17.31%, in 23 days. The price is now at the 5.39% retracement level.

Daily Technical Indicators: [See DVA daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range 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 advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Candlestick pattern: [See DVA candlestick chart pattern]
On Friday the chart has formed a Bearish Advance Block Candlestick pattern. This pattern occurs in an uptrend; it is not a top reversal pattern, but it might precede a meaningful price decline. The reliability of the Bearish Advance Block pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Advance Block Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.53
Overbought
Williams' Percentage Range (W%R) 6.60
Strong Overbought
Lane's Stochastic (%D-Slow) 94.65
Strong Overbought
Greed/Fear Indicator (GFI) 90.53
Strong Overbought
Moving Average Converg./Diverg. (MACD) -0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.01
Williams' Percentage Range (W%R) 39.90
Lane's Stochastic (%D-Slow) 48.15
Greed/Fear Indicator (GFI) 53.92
Moving Average Converg./Diverg. (MACD) -1.83
Trading Signals
Description Value Chart
Yearly Trendline Resistance 63.85
Upper Bollinger Band 62.74
Daily Stochastic Crossing 61.20
Price 61.11
Quarterly Trendline Resistance 60.11
50 Day Moving Average 58.04
Parabolic System 56.96
20 Day Moving Average 56.95
Weekly Stochastic Crossing 56.89
Lower Bollinger Band 53.10
Quarterly Trendline Support 52.34
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Specialized Health Svcs 66
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 53.78
Low Date 11/15/2017
High 61.60
High Date 12/01/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 52.51
Low Date 11/08/2017
High 61.60
High Date 12/01/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 63.04
High Date 10/26/2017
Low 52.51
Low Date 11/08/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 60.11
Support 52.34
High 70.16
High Date 05/02/2017
Low 52.51
Low Date 11/08/2017
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 63.85
Support 47.06
High 85.17
High Date 04/27/2015
Low 52.51
Low Date 11/08/2017
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.

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