Downtrend Broken Resist.Archive
- 9/22/2023 -
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IQVIA Hold (IQV) Technical Analysis
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|It was the negative week for the IQVIA Hold (IQV). During the week, the IQV dropped -12.96 points, or -6.12%, and closed at 198.75 on Friday, September 22, 2023. It was the worst weekly loss since April 28, 2023. IQV was trading at average weekly trading volume. |
Long-term trend: [See IQV long-term trend chart]
A long-term uptrend had started on April 27, 2023 at 177.00 and reached 233.88 on July 25, 2023. IQV gained -56.88 points, or -32.14%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (220.19) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IQV may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
Medium-term trend: [See IQV medium-term trend chart]
A medium-term downtrend had started on July 25, 2023 at 233.88 and reached 195.97 on September 22, 2023. IQV lost 37.91 points, or 16.21%, in 8 weeks. The price is now at the 7.33% retracement level.
Weekly Technical Indicators: [See IQV 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 IQV short-term trend chart]
A short-term downtrend had started on August 30, 2023 at 227.14 and reached 195.97 on September 22, 2023. IQV lost 31.17 points, or 13.72%, in 23 days. The price is now at the 8.92% retracement level.
Daily Technical Indicators: [See IQV daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since September 7, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.