The Greedy Trader Weekly Analysis
Sign In May 10, 2024
Skip Navigation Links
TA Search
Share
Candlesticks Name: Bullish Doji
Number of records: 9
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Advanced TA Search

Archive
- 5/3/2024 -
Sign In to see current Signals.

Edwards Lifesciences (EW) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineOversold sectorBroken trend resistance line
Daily :
Move cursor over the icon to see details.

It was the negative week for the Edwards Lifesciences (EW). During the week, the EW dropped -1.18 points, or -1.37%, and closed at 85.25 on Friday, May 3, 2024. Weekly volume was -34% below average.

EW 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 EW long-term trend chart]
A long-term downtrend had started on December 30, 2021 at 131.73 and reached 60.57 on October 30, 2023. EW lost 71.16 points, or 54.02%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (57.13) 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 long-term trend.

Medium-term trend: [See EW medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 60.57 and reached 96.12 on March 28, 2024. EW gained -35.55 points, or -58.69%, in 21 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (91.94) 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 EW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See EW short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 83.50 and reached 86.95 on May 3, 2024. EW gained -3.45 points, or -4.13%, in 2 days. The price is now at the 49.28% retracement level.

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

The daily MACD line is below its signal line since March 22, 2024. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 34.68
Williams' Percentage Range (W%R) 75.50
Lane's Stochastic (%D-Slow) 20.05
Greed/Fear Indicator (GFI) 26.40
Moving Average Converg./Diverg. (MACD) -1.18
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.71
Williams' Percentage Range (W%R) 37.80
Lane's Stochastic (%D-Slow) 45.98
Greed/Fear Indicator (GFI) 52.36
Moving Average Converg./Diverg. (MACD) 3.48
Trading Signals
Description Value Chart
Upper Bollinger Band 92.87
Quarterly Trendline Support 91.94
50 Day Moving Average 89.92
Weekly Stochastic Crossing 88.06
20 Day Moving Average 88.02
Parabolic System 87.49
Price 85.25
Daily Stochastic Crossing 84.58
Lower Bollinger Band 82.46
Yearly Trendline Resistance 74.09
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Equipment 45
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.50
Low Date 05/01/2024
High 86.95
High Date 05/03/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.50
Low Date 05/01/2024
High 86.95
High Date 05/03/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.12
High Date 03/28/2024
Low 83.50
Low Date 05/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 102.44
Support 91.94
Low 60.57
Low Date 10/30/2023
High 96.12
High Date 03/28/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 74.09
Support 57.13
High 131.73
High Date 12/30/2021
Low 60.57
Low Date 10/30/2023
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.