By Mill Chart
Last update: Apr 25, 2025
Our stock screener has flagged QUEST DIAGNOSTICS INC (NYSE:DGX) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:DGX for potential movement.
At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.
Overall DGX gets a technical rating of 9 out of 10. DGX has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Check the latest full technical report of DGX for a complete technical analysis.
In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, DGX has a 8 as its setup rating:
DGX has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 175.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 169.16, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.
Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.
More breakout setups can be found in our Breakout screener.
This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.
177.97
+1.56 (+0.88%)
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Why the dividend investor may take a look at QUEST DIAGNOSTICS INC (NYSE:DGX).