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Downtrend ResistanceArchive
- 4/19/2024 -
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HCA Holdings (HCA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the HCA Holdings (HCA). During the week, the HCA dropped -17.71 points, or -5.49%, and closed at 305.11 on Friday, April 19, 2024. Weekly volume was 35% above average.
 Long-term trend: [See HCA long-term trend chart]
A long-term uptrend had started on July 14, 2022 at 164.47 and reached 335.83 on April 4, 2024. HCA gained -171.36 points, or -104.19%, in 90 weeks. The price is now at the 17.93% retracement level.
Medium-term trend: [See HCA medium-term trend chart]
A medium-term uptrend had started on October 24, 2023 at 215.96 and reached 335.83 on April 4, 2024. HCA gained -119.87 points, or -55.51%, in 23 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See HCA weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 weekly MACD line is above its signal line since December 8, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See HCA short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 335.83 and reached 292.97 on April 18, 2024. HCA lost 42.86 points, or 12.76%, in 14 days. The price is now at the 28.32% retracement level.
 Daily Technical Indicators: [See HCA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since March 20, 2024. 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.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
 Candlestick pattern: [See HCA candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
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