The Greedy Trader Weekly Analysis
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Candlesticks Name: Bullish Doji
Number of records: 10
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- 5/10/2024 -
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IQVIA Hold (IQV) Technical Analysis

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Summary:
Weekly :Broken trend support line
Daily :Daily  MACD line has moved above its signal lineThe 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 IQVIA Hold (IQV). During the week, the IQV gained 10.71 points, or 4.79%, and closed at 234.08 on Friday, May 10, 2024. It was the best weekly gain since February 16, 2024. Weekly volume was -23% below average.

Long-term trend: [See IQV long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 165.75 and reached 261.73 on March 8, 2024. IQV gained -95.98 points, or -57.91%, in 73 weeks. The chart has formed a Broadening Symmetric Wedge chart pattern. The trend support level is at 147.95 and resistance is at 266.43. A Broadening Symmetric 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 Symmetric Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Symmetric Wedge pattern in a long-term trend.

Medium-term trend: [See IQV medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 167.42 and reached 261.73 on March 8, 2024. IQV gained -94.31 points, or -56.33%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (247.63) 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 IQV weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 12, 2024. Use the following link to access a MACD help.

Short-term trend: [See IQV short-term trend chart]
A short-term downtrend had started on March 8, 2024 at 261.73 and reached 221.33 on May 2, 2024. IQV lost 40.40 points, or 15.44%, in 55 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 220.50 and resistance is at 237.72. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

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

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

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) 52.85
Williams' Percentage Range (W%R) 58.20
Lane's Stochastic (%D-Slow) 46.60
Greed/Fear Indicator (GFI) 47.08
Moving Average Converg./Diverg. (MACD) -3.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.06
Williams' Percentage Range (W%R) 54.70
Lane's Stochastic (%D-Slow) 30.83
Greed/Fear Indicator (GFI) 41.08
Moving Average Converg./Diverg. (MACD) 7.81
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 266.43
Monthly Trendline Support 247.63
50 Day Moving Average 242.09
Upper Bollinger Band 241.60
Parabolic System 239.86
Weekly Trendline Resistance 237.72
Price 234.08
20 Day Moving Average 230.78
Weekly Stochastic Crossing 229.81
Daily Stochastic Crossing 229.77
Lower Bollinger Band 223.24
Weekly Trendline Support 220.50
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Life Sciences Tools & Services 68
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 221.33
Low Date 05/02/2024
High 234.74
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 237.72
Support 220.50
High 261.73
High Date 03/08/2024
Low 221.33
Low Date 05/02/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 282.43
Support 247.63
Low 167.42
Low Date 11/01/2023
High 261.73
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Symmetric Wedge
Status Valid
Resistance 266.43
Support 147.95
Low 165.75
Low Date 10/13/2022
High 261.73
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 285.61
High Date 12/30/2021
Low 165.75
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.