The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Hologic Inc (HOLX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance line
Daily :
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It was the negative week for the Hologic Inc (HOLX). During the week, the HOLX dropped -1.14 points, or -1.48%, and closed at 75.91 on Friday, March 15, 2024. Weekly volume was 26% above average.

Long-term trend: [See HOLX long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 9.31 and reached 87.88 on May 1, 2023. HOLX gained -78.57 points, or -843.93%, in 738 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 65.62 and resistance is at 91.86. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See HOLX medium-term trend chart]
A medium-term downtrend had started on May 1, 2023 at 87.88 and reached 64.02 on October 30, 2023. HOLX lost 23.86 points, or 27.15%, in 26 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (74.45) 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 medium-term trend.

Weekly Technical Indicators: [See HOLX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 above its signal line since November 24, 2023. Use the following link to access a MACD help.

Short-term trend: [See HOLX short-term trend chart]
A short-term uptrend had started on March 4, 2024 at 73.05 and reached 77.13 on March 8, 2024. HOLX gained -4.08 points, or -5.59%, in 4 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See HOLX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 6, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.00
Williams' Percentage Range (W%R) 61.30
Lane's Stochastic (%D-Slow) 69.21
Greed/Fear Indicator (GFI) 54.31
Moving Average Converg./Diverg. (MACD) 0.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.68
Williams' Percentage Range (W%R) 19.10
Overbought
Lane's Stochastic (%D-Slow) 76.36
Bearish
Greed/Fear Indicator (GFI) 71.50
Moving Average Converg./Diverg. (MACD) -0.35 Bearish
Trading Signals
Description Value Chart
Monthly Trendline Resistance 77.44
Upper Bollinger Band 77.17
Daily Stochastic Crossing 76.04
Price 75.91
Weekly Stochastic Crossing 75.81
20 Day Moving Average 75.22
Quarterly Trendline Support 74.45
Monthly Trendline Support 74.45
Parabolic System 74.40
50 Day Moving Average 74.15
Lower Bollinger Band 73.15
Yearly Trendline Support 65.62
Quarterly Trendline Resistance 64.51
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Equipment 81
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 73.05
Low Date 03/04/2024
High 77.13
High Date 03/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.25
Low Date 02/05/2024
High 77.13
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 77.44
Support 74.45
Low 64.02
Low Date 10/30/2023
High 77.13
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 64.51
Support 74.45
High 87.88
High Date 05/01/2023
Low 64.02
Low Date 10/30/2023
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 91.86
Support 65.62
Low 9.31
Low Date 03/09/2009
High 87.88
High Date 05/01/2023
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.