The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend Resistance 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. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 4/5/2024 -
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HCA Holdings (HCA) Technical Analysis

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Summary:
Weekly :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal line
Daily :The Bollinger Bands are historically close together
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It was the negative week for the HCA Holdings (HCA). During the week, the HCA dropped -4.73 points, or -1.42%, and closed at 328.80 on Friday, April 5, 2024. It was the worst weekly loss since October 27, 2023. Weekly volume was -37% below average.

Long-term trend: [See HCA long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 164.47 and reached 335.83 on April 4, 2024. HCA gained -171.36 points, or -104.19%, in 90 weeks. Price is near the trend high.

Medium-term trend: [See HCA medium-term trend chart]
A medium-term uptrend had started on October 24, 2023 at 215.96 and reached 335.83 on April 4, 2024. HCA gained -119.87 points, or -55.51%, in 23 weeks. The price is now at the 5.86% retracement level.

Weekly Technical Indicators: [See HCA weekly technical indicators chart]
Weekly 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 weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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. Use the following link to access a MACD help.

Short-term trend: [See HCA short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 335.83 and reached 326.22 on April 5, 2024. HCA lost 9.61 points, or 2.86%, in 1 days. The price is now at the 26.85% retracement level.

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

The daily MACD line is below its signal line since March 20, 2024. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands (4.22%) is close to one year low (3.92%). It is 58.79% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.05
Williams' Percentage Range (W%R) 51.00
Lane's Stochastic (%D-Slow) 41.59
Greed/Fear Indicator (GFI) 49.87
Moving Average Converg./Diverg. (MACD) 5.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.26
Overbought
Williams' Percentage Range (W%R) 8.80
Strong Overbought
Lane's Stochastic (%D-Slow) 90.87
Strong Overbought
Greed/Fear Indicator (GFI) 82.13
Overbought
Moving Average Converg./Diverg. (MACD) 13.26
Trading Signals
Description Value Chart
Upper Bollinger Band 332.90
Weekly Stochastic Crossing 332.55
Daily Stochastic Crossing 329.06
Price 328.80
20 Day Moving Average 327.50
Parabolic System 325.42
Lower Bollinger Band 319.02
50 Day Moving Average 315.97
Sector and Industry
Description Name Rank
Sector Health Care 4
Industry Health Care Facilities 105
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 335.83
High Date 04/04/2024
Low 326.22
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 335.83
High Date 04/04/2024
Low 326.22
Low Date 04/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 215.96
Low Date 10/24/2023
High 335.83
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 164.47
Low Date 07/14/2022
High 335.83
High Date 04/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.03
Low Date 08/09/2011
High 335.83
High Date 04/04/2024
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.