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Downtrend Broken Resistance

Downtrend Broken 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. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 5/2/2025 -
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DaVita Inc. (DVA) Technical Analysis

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Summary:
Weekly :
Daily :Broken trend resistance lineStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal line
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It was a first positive week for the DaVita Inc. (DVA). During the week, the DVA gained 1.53 points, or 1.10%, and closed at 141.13 on Friday, May 2, 2025. Weekly volume was -22% below average.

Long-term trend: [See DVA long-term trend chart]
A long-term uptrend had started on May 31, 2019 at 43.40 and reached 179.60 on January 31, 2025. DVA gained -136.20 points, or -313.82%, in 296 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 80.90 and resistance is at 182.71. 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 DVA medium-term trend chart]
A medium-term uptrend had started on November 9, 2022 at 65.28 and reached 179.60 on January 31, 2025. DVA gained -114.32 points, or -175.12%, in 116 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 82.12 and resistance is at 190.18. 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 DVA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 14, 2025. The distance between MACD and the signal line is relatively high, but getting smaller. Use the following link to access a MACD help.

Short-term trend: [See DVA short-term trend chart]
A short-term downtrend had started on April 11, 2025 at 157.10 and reached 132.63 on April 22, 2025. DVA lost 24.47 points, or 15.58%, in 11 days. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (139.53) 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 short-term trend.

Daily Technical Indicators: [See DVA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.44
Williams' Percentage Range (W%R) 59.70
Lane's Stochastic (%D-Slow) 71.00
Greed/Fear Indicator (GFI) 46.26
Moving Average Converg./Diverg. (MACD) -2.66
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.87
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 27.09
Greed/Fear Indicator (GFI) 29.03
Moving Average Converg./Diverg. (MACD) 0.10
Trading Signals
Description Value Chart
Upper Bollinger Band 155.12
50 Day Moving Average 145.84
20 Day Moving Average 143.61
Parabolic System 142.64
Daily Stochastic Crossing 141.30
Price 141.13
Weekly Trendline Support 139.53
Weekly Stochastic Crossing 138.83
Weekly Trendline Resistance 138.61
Lower Bollinger Band 131.28
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Facilities 82
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 132.63
Low Date 04/22/2025
High 142.58
High Date 04/29/2025
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 138.61
Support 139.53
High 157.10
High Date 04/11/2025
Low 132.63
Low Date 04/22/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 179.60
High Date 01/31/2025
Low 132.63
Low Date 04/22/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 190.18
Support 82.12
Low 65.28
Low Date 11/09/2022
High 179.60
High Date 01/31/2025
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 182.71
Support 80.90
Low 43.40
Low Date 05/31/2019
High 179.60
High Date 01/31/2025
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.