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Downtrend Broken Resist.Archive - 3/15/2024 - Sign In to see current Signals. |
Edwards Lifesciences (EW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Edwards Lifesciences (EW). During the week, the EW climbed 0.17 points, or 0.18%, and closed at 92.31 on Friday, March 15, 2024. Weekly volume was 18% above average. Long-term trend: [See EW long-term trend chart] A long-term downtrend had started on December 30, 2021 at 131.73 and reached 60.57 on October 30, 2023. EW lost 71.16 points, or 54.02%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (58.04) 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 EW medium-term trend chart] A medium-term uptrend had started on October 30, 2023 at 60.57 and reached 95.27 on March 14, 2024. EW gained -34.70 points, or -57.29%, in 19 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 79.95 and resistance is at 100.82. 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 medium-term trend. Weekly Technical Indicators: [See EW weekly technical indicators chart] Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index 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, Relative Strength Index and Williams' Percentage Range help. 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 near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help. Short-term trend: [See EW short-term trend chart] A short-term uptrend had started on February 7, 2024 at 82.53 and reached 95.27 on March 14, 2024. EW gained -12.74 points, or -15.44%, in 36 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level. Daily Technical Indicators: [See EW 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.
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