The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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IDEXX Laboratories (IDXX) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is oversoldTrend resistance at 508.25Broken trend resistance line
Daily :Williams' Percentage Range is overboughtThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the IDEXX Laboratories (IDXX). During the week, the IDXX gained 29.22 points, or 6.08%, and closed at 509.82 on Friday, May 10, 2024. It was the best weekly gain since February 9, 2024. IDXX was trading at average weekly trading volume.

Long-term trend: [See IDXX long-term trend chart]
A long-term downtrend had started on July 29, 2021 at 706.95 and reached 317.06 on October 13, 2022. IDXX lost 389.89 points, or 55.15%, in 63 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (508.25). 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 IDXX medium-term trend chart]
A medium-term downtrend had started on March 1, 2024 at 583.39 and reached 462.00 on May 1, 2024. IDXX lost 121.39 points, or 20.81%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (440.20) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. IDXX may retest the broken resistance line. It is considered to be a support line now. 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 IDXX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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.

The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See IDXX short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 462.00 and reached 510.62 on May 10, 2024. IDXX gained -48.62 points, or -10.52%, in 9 days. Price is near the trend high.

Daily Technical Indicators: [See IDXX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since April 24, 2024. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.36
Williams' Percentage Range (W%R) 16.90
Overbought
Lane's Stochastic (%D-Slow) 62.52
Greed/Fear Indicator (GFI) 69.34
Moving Average Converg./Diverg. (MACD) -9.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.85
Williams' Percentage Range (W%R) 66.70
Lane's Stochastic (%D-Slow) 13.51
Oversold
Greed/Fear Indicator (GFI) 29.93
Moving Average Converg./Diverg. (MACD) 9.28
Trading Signals
Description Value Chart
Upper Bollinger Band 515.84
50 Day Moving Average 515.82
Price 509.82
Yearly Trendline Resistance 508.25
Daily Stochastic Crossing 496.14
Weekly Trendline Resistance 490.67
20 Day Moving Average 487.51
Weekly Stochastic Crossing 474.59
Lower Bollinger Band 472.70
Parabolic System 463.50
Weekly Trendline Support 440.20
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Health Care Equipment 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 462.00
Low Date 05/01/2024
High 510.62
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 490.67
Support 440.20
High 583.39
High Date 03/01/2024
Low 462.00
Low Date 05/01/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 372.50
Low Date 11/01/2023
High 583.39
High Date 03/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 317.06
Low Date 10/13/2022
High 583.39
High Date 03/01/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 508.25
Support 400.01
High 706.95
High Date 07/29/2021
Low 317.06
Low Date 10/13/2022
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.