EDWARDS LIFESCIENCES

- USD (-)

- 15 min delayed data - NYSE Stocks

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Type:	Stocks
Ticker:	EW
ISIN:

EDWARDS LIFESCIENCES - Daily - Technical analysis published on 09/27/2023 (GMT)

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09/27/2023 - 19:20
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Timeframe : Daily
- Analysis generated on 09/27/2023 - 19:20
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

44%

33%

My opinion

Bearish under 75.01 USD

My targets

68.54 USD (-2.57%)

66.35 USD (-5.69%)

My analysis

EDWARDS LIFESCIENCES is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 75.01 USD. The next support located at 68.54 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 66.35 USD. Below this support, sellers could then target 52.41 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.

Force

6.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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Additional analysis

Quotes

The EDWARDS LIFESCIENCES rating is 70.35 USD. On the day, this instrument lost -0.03% with the lowest point at 69.55 USD and the highest point at 71.86 USD. The deviation from the price is +1.15% for the low point and -2.10% for the high point.

69.55

71.86

70.35

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by EDWARDS LIFESCIENCES:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new LOW record (1 year)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1st january)

Type : Bearish

Timeframe : Weekly

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Daily of this EDWARDS LIFESCIENCES chart shows a sharp bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:

Near horizontal support

Type : Bullish

Timeframe : Daily

Near support of channel

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	40.32	52.41	68.54	70.35	75.01	84.53	89.28
Change (%)	-42.69%	-25.50%	-2.57%	-	+6.62%	+20.16%	+26.91%
Change	-30.03	-17.94	-1.81	-	+4.66	+14.18	+18.93
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	67.82	68.57	69.47	70.22	71.12	71.87	72.77
Camarilla	69.92	70.07	70.22	70.37	70.52	70.67	70.82
Woodie	67.90	68.61	69.55	70.26	71.20	71.91	72.85
Fibonacci	68.57	69.20	69.59	70.22	70.85	71.24	71.87

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	64.28	66.91	68.28	70.91	72.28	74.91	76.28
Camarilla	68.56	68.93	69.29	69.66	70.03	70.39	70.76
Woodie	63.66	66.60	67.66	70.60	71.66	74.60	75.66
Fibonacci	66.91	68.44	69.38	70.91	72.44	73.38	74.91

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	66.35	70.62	73.55	77.82	80.75	85.02	87.95
Camarilla	74.49	75.15	75.81	76.47	77.13	77.79	78.45
Woodie	65.67	70.29	72.87	77.49	80.07	84.69	87.27
Fibonacci	70.62	73.37	75.07	77.82	80.57	82.27	85.02

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	29.61
MACD (12,26,9):	-2.3400
Directional Movement:	-11.29
AROON (14):	-85.71
DEMA (21):	69.94
Parabolic SAR (0,02-0,02-0,2):	72.12
Elder Ray (13):	-1.18
Super Trend (3,10):	73.58
Zig ZAG (10):	70.15
VORTEX (21):	0.8000
Stochastique (14,3,5):	13.09
TEMA (21):	69.78
Williams %R (14):	-82.27
Chande Momentum Oscillator (20):	-4.67
Repulse (5,40,3):	-1.9600
ROCnROLL:	2
TRIX (15,9):	-0.4100
Courbe Coppock:	13.66

MA7:	70.69
MA20:	73.51
MA50:	78.24
MA100:	83.46
MAexp7:	70.78
MAexp20:	73.08
MAexp50:	77.28
MAexp100:	80.26
Price / MA7:	-0.48%
Price / MA20:	-4.30%
Price / MA50:	-10.08%
Price / MA100:	-15.71%
Price / MAexp7:	-0.61%
Price / MAexp20:	-3.74%
Price / MAexp50:	-8.97%
Price / MAexp100:	-12.35%

Quotes : 09/27/2023 - 19:04 - 15 min delayed data - NYSE Stocks

News

The last news published on EDWARDS LIFESCIENCES at the time of the generation of this analysis was as follows:

08/29/2023 - 21:45 BetterInvesting™ Magazine Update on Edwards Lifesciences Corp. and 3M Company
08/28/2023 - 12:10 EDWARDS LIFESCIENCES TO PRESENT AT THE 2023 WELLS FARGO HEALTHCARE CONFERENCE
07/26/2023 - 20:15 EDWARDS LIFESCIENCES REPORTS SECOND QUARTER RESULTS
07/19/2023 - 11:05 EDWARDS LIFESCIENCES TO HOST EARNINGS CONFERENCE CALL ON JULY 26, 2023
05/17/2023 - 08:30 DATA FROM BENCHMARK REGISTRY DEMONSTRATE IMPROVED TAVR EFFICIENCY WITH PRESERVED PATIENT SAFETY

This member declared not having a position on this financial instrument or a related financial instrument.

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