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- 4/26/2024 -
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Agilent Technologies (A) Technical Analysis

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Summary:
Weekly :Broken trend support lineWeekly  MACD line has moved below its signal lineOversold sector
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageStochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week after 6 consecutive negative weeks for the Agilent Technologies (A). During the week, the A gained 5.01 points, or 3.77%, and closed at 137.74 on Friday, April 26, 2024. Weekly volume was -35% below average.

A 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 A long-term trend chart]
A long-term downtrend had started on September 3, 2021 at 179.57 and reached 96.80 on October 30, 2023. A lost 82.77 points, or 46.09%, in 112 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 89.34 and resistance is at 143.64. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See A medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 96.80 and reached 151.58 on March 8, 2024. A gained -54.78 points, or -56.59%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (166.28) 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 A weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See A short-term trend chart]
A short-term downtrend had started on March 8, 2024 at 151.58 and reached 128.34 on April 18, 2024. A lost 23.24 points, or 15.33%, in 41 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 124.26 and resistance is at 146.14. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See A 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.

The daily MACD line is below its signal line since March 21, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.00
Williams' Percentage Range (W%R) 57.50
Lane's Stochastic (%D-Slow) 56.38
Greed/Fear Indicator (GFI) 45.95
Moving Average Converg./Diverg. (MACD) -1.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.60
Williams' Percentage Range (W%R) 58.60
Lane's Stochastic (%D-Slow) 55.84
Greed/Fear Indicator (GFI) 50.32
Moving Average Converg./Diverg. (MACD) 4.85
Trading Signals
Description Value Chart
Monthly Trendline Resistance 158.21
Upper Bollinger Band 148.37
Weekly Trendline Resistance 146.14
Yearly Trendline Resistance 143.64
50 Day Moving Average 141.38
Weekly Stochastic Crossing 140.13
20 Day Moving Average 140.11
Price 137.74
Daily Stochastic Crossing 135.56
Lower Bollinger Band 130.25
Parabolic System 128.67
Weekly Trendline Support 124.26
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Equipment 46
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 128.34
Low Date 04/18/2024
High 139.89
High Date 04/24/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 146.14
Support 124.26
High 151.58
High Date 03/08/2024
Low 128.34
Low Date 04/18/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 158.21
Support 166.28
Low 96.80
Low Date 10/30/2023
High 151.58
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 160.26
High Date 12/13/2022
Low 96.80
Low Date 10/30/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 143.64
Support 89.34
High 179.57
High Date 09/03/2021
Low 96.80
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.