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Advanced TA SearchArchive
- 5/3/2024 -
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Quest Diagnostics (DGX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second positive week after 3 consecutive negative weeks for the Quest Diagnostics (DGX). During the week, the DGX gained 3.19 points, or 2.38%, and closed at 137.45 on Friday, May 3, 2024. Weekly volume was 29% above average.
DGX is a member of Health Care Sector. Health Care is the second most oversold sector. 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 DGX long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 174.16 and reached 119.59 on October 2, 2023. DGX lost 54.57 points, or 31.33%, in 91 weeks. The chart has formed a Descending Triangle chart pattern. The price is near the trend resistance line (137.01). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.
 Medium-term trend: [See DGX medium-term trend chart]
A medium-term uptrend had started on October 2, 2023 at 119.59 and reached 143.63 on January 2, 2024. DGX gained -24.04 points, or -20.10%, in 13 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (125.84) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 DGX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 28, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
 Short-term trend: [See DGX short-term trend chart]
A short-term uptrend had started on April 18, 2024 at 125.42 and reached 142.46 on April 29, 2024. DGX gained -17.04 points, or -13.59%, in 11 days. The chart has formed a Rising Wedge chart pattern.
Daily Technical Indicators: [See DGX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up.
 Candlestick pattern: [See DGX candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
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