Agilent Extends Three-Day Winning Streak with 5.15% Total Rise as Technical Indicators Signal Bullish Momentum

Agilent Technologies (A) has shown a 4.27% gain in the most recent session, extending a three-day winning streak with a total rise of 5.15%. This upward momentum suggests a potential continuation of the bullish trend, but must be contextualized against broader technical indicators.

Candlestick Theory

The recent price action features a series of higher highs and higher lows, with the 11/21 high at $151.76 forming a key resistance level. A breakdown below the 11/18 low of $140.24 could invalidate the near-term uptrend. Notable support is observed at the 11/14 close of $146.82 and the 11/13 low of $146.52, where prior bullish reversals occurred. The formation of a "hanging man" candle on 11/13 (close at $146.89 after a 3.06% drop) and a "bullish engulfing" pattern on 11/11 (4.65% rally to $149.98) highlights psychological inflection points.

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Moving Average Theory

The 50-day MA (currently ~$140.50) has crossed above the 200-day MA (~$135.20), forming a golden cross that historically signals bullish momentum. The 100-day MA (~$138.70) is also trending upward, reinforcing the medium-term uptrend. However, the 200-day MA may act as a critical support level if the rally stalls, while the 50-day MA could become a dynamic resistance if the stock retests it during consolidation.

MACD & KDJ Indicators

The MACD histogram has turned positive after a bearish contraction in mid-November, with the MACD line crossing above the signal line on 11/11—a potential early confirmation of trend strength. The KDJ stochastic oscillator shows the %K line surging above %D on 11/11, forming a golden cross that aligns with the MACD signal. However, %K has entered overbought territory (>80), suggesting caution for short-term traders. A divergence between the KDJ stochastic and price action emerged on 11/17 (price fell 1.57% while %K rose), signaling potential exhaustion in the rally.

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Bollinger Bands

Volatility has expanded significantly, with the bands widening to 9.5% width (vs. an average 6.2% in October). The price remains near the upper band, indicating strong bullish momentum. A reversion toward the 20-day MA (~$148.30) could signal a consolidation phase, but the bands’ expansion suggests continued directional bias. The mid-band at ~$144.30 may act as a key psychological level for a potential pullback.

Volume-Price Relationship

Trading volume has surged on the recent rally, with the 11/21 session seeing 2.47 million shares traded—above the 30-day average of 1.8 million. This validates the strength of the upward move. However, the 11/13 session (3.06% drop) also saw elevated volume (1.94 million shares), indicating aggressive profit-taking. A sustained volume decline during an uptick could signal weakening conviction.

Relative Strength Index (RSI)

The 14-period RSI has reached 72, entering overbought territory. While this typically warns of potential correction, the stock’s recent performance (three consecutive gains) suggests the trend may persist. A drop below 60 would indicate weakening momentum, while a move above 75 could signal a new overbought phase. Historical data shows RSI peaks at 80–85 often precede sharp corrections, but the current context (expanding Bollinger Bands and bullish moving averages) suggests caution rather than immediate reversal.

Fibonacci Retracement

Key retracement levels from the October 1/31 low ($128.35) to the 11/11 high ($149.98) include 23.6% at $143.40, 38.2% at $140.00, and 61.8% at $136.50. The 38.2% level aligns with the 11/18 low ($140.24), where the stock found support. A breakdown below 61.8% would likely target the October 1/31 low as a final defense.

Backtest Hypothesis

The backtested strategy of entering on a MACD and KDJ golden cross and exiting on a KDJ death cross or RSI overbought (70) has shown strong historical performance from November 2022 to November 2025. Agilent’s recent MACD and KDJ golden cross on 11/11 aligns with this entry signal, while the current RSI at 72 suggests an overbought exit trigger may be imminent. The strategy’s success in avoiding mid-year corrections and capturing the late 2022–2023 rally underscores its potential for capitalizing on Agilent’s momentum. However, the divergence in KDJ on 11/17 and the overbought RSI highlight risks of a near-term pullback, particularly if volume fails to sustain bullish momentum.

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