The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

Archive
- 4/5/2024 -
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DENTSPLY International Inc. (XRAY) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineOversold industryTrend support at 32.31
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range is oversoldA Parabolic SAR indicator is below and near the price
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It was the negative week for the DENTSPLY International Inc. (XRAY). During the week, the XRAY dropped -0.88 points, or -2.65%, and closed at 32.31 on Friday, April 5, 2024. Weekly volume was 400% above average.

XRAY is a member of Health Care Supplies Industry. Health Care Supplies is the tenth most oversold industry. 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 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 13.96% 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 31.50 on April 2, 2024. XRAY lost 6.10 points, or 16.22%, in 11 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend support (32.31) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 March 13, 2024 at 34.28 and reached 31.50 on April 2, 2024. XRAY lost 2.78 points, or 8.11%, in 20 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 31.17 and resistance is at 32.75. 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 short-term trend.

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.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (32.52) comes close to the price (32.31). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.12
Williams' Percentage Range (W%R) 86.00
Oversold
Lane's Stochastic (%D-Slow) 22.48
Greed/Fear Indicator (GFI) 26.88
Moving Average Converg./Diverg. (MACD) -0.31
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.13
Williams' Percentage Range (W%R) 57.90
Lane's Stochastic (%D-Slow) 20.74
Greed/Fear Indicator (GFI) 34.83
Moving Average Converg./Diverg. (MACD) -0.48
Trading Signals
Description Value Chart
Upper Bollinger Band 34.10
50 Day Moving Average 33.41
Quarterly Trendline Resistance 33.01
20 Day Moving Average 32.94
Weekly Trendline Resistance 32.75
Parabolic System 32.52
Quarterly Trendline Support 32.31
Price 32.31
Weekly Stochastic Crossing 32.20
Daily Stochastic Crossing 31.95
Lower Bollinger Band 31.48
Weekly Trendline Support 31.17
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Health Care Supplies 10
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 31.50
Low Date 04/02/2024
High 32.49
High Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 32.75
Support 31.17
High 34.28
High Date 03/13/2024
Low 31.50
Low Date 04/02/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 34.91
High Date 02/29/2024
Low 31.50
Low Date 04/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Test Support
Resistance 33.01
Support 32.31
High 37.60
High Date 01/10/2024
Low 31.50
Low Date 04/02/2024
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.