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Downtrend Broken Resist.Archive
- 4/17/2025 -
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Gartner Inc (IT) Technical Analysis
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| Summary:
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| | It was a second positive week after 5 consecutive negative weeks for the Gartner Inc (IT). During the week, the IT climbed 1.75 points, or 0.44%, and closed at 401.65 on Thursday, April 17, 2025. Weekly volume was 11% above average.
IT is a member of Information Technology Sector. Information Technology is the 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 IT long-term trend chart]
A long-term uptrend had started on June 24, 2020 at 114.83 and reached 584.00 on February 4, 2025. IT gained -469.17 points, or -408.58%, in 240 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (397.32) line. The support is usually stronger when technical indicators are oversold. 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 support line in a long-term trend.
 Medium-term trend: [See IT medium-term trend chart]
A medium-term downtrend had started on February 4, 2025 at 584.00 and reached 366.10 on April 7, 2025. IT lost 217.90 points, or 37.31%, in 8 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (336.72) 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 medium-term trend.
 Weekly Technical Indicators: [See IT weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 IT short-term trend chart]
A short-term downtrend had started on April 14, 2025 at 410.81 and reached 398.09 on April 16, 2025. IT lost 12.72 points, or 3.10%, in 2 days. The price is now at the 27.99% retracement level.
 Daily Technical Indicators: [See IT daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since April 10, 2025.
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