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Downtrend ResistanceArchive
- 4/5/2024 -
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Universal Health Services (UHS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Universal Health Services (UHS). During the week, the UHS dropped -9.03 points, or -4.95%, and closed at 173.43 on Friday, April 5, 2024. Weekly volume was 21% above average.
 Long-term trend: [See UHS long-term trend chart]
A long-term uptrend had started on February 5, 2010 at 28.40 and reached 183.61 on March 28, 2024. UHS gained -155.21 points, or -546.51%, in 737 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.10 and resistance is at 201.65. 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 UHS medium-term trend chart]
A medium-term uptrend had started on October 24, 2023 at 119.90 and reached 183.61 on March 28, 2024. UHS gained -63.71 points, or -53.14%, in 22 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (176.92) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 Weekly Technical Indicators: [See UHS weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with 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 and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 17, 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 UHS short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 183.61 and reached 169.70 on April 2, 2024. UHS lost 13.91 points, or 7.58%, in 5 days. The price is now at the 26.82% retracement level.
 Daily Technical Indicators: [See UHS daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
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