Agilent Technologies Extends Slide With 5.95% Drop To $112.94 On Heavy Volume

Agilent Technologies (A) closed at $112.94 in the latest session, declining 5.95% and extending its losing streak to three consecutive days with a cumulative 9.04% drop. The session recorded a high of $119.76 and low of $111.93 on elevated volume of 3.95 million shares. The following technical analysis synthesizes key indicators to evaluate the stock’s current trajectory.
Candlestick Theory
Recent sessions exhibit a pronounced bearish pattern, with three consecutive long red candles demonstrating sustained selling pressure. The most recent candle’s close near its low ($112.94 vs. $111.93 low) signals strong downside momentum. Resistance is now firmly established at $119.76 (prior session’s high), while support appears at the psychological $110 level and reinforced by the October 2024 low of $96.81. A bearish continuation pattern is evident, though proximity to historical support warrants vigilance for potential consolidation.
Moving Average Theory
The 50-day ($126.50), 100-day ($130.20), and 200-day ($128.75) moving averages are all trending downward, confirming a long-term bearish trend. The current price ($112.94) trades 12% below the 200-day average, signaling entrenched weakness. A "death cross" materialized in early June 2025 when the 50-day crossed below the 200-day average, historically a reliable bearish indicator. This configuration suggests persistent downward pressure, with the moving averages now acting as dynamic resistance.
MACD & KDJ Indicators
The MACD histogram (-0.70) shows accelerating bearish momentum, with the signal line (-3.80) decisively below the MACD line (-4.50). This divergence amplifies downside risks. Meanwhile, the KDJ oscillator registers an oversold signal, with K-value at 15, D-value at 20, and J-value at 5. Though KDJ hints at potential exhaustion, the bearish MACD convergence suggests any rebound may be short-lived absent confirmation from other indicators. Caution is warranted given the sustained negative momentum.
Bollinger Bands
Bollinger Bands (20-day, 2σ) have expanded sharply to $124.50 (upper) and $112.50 (lower), reflecting heightened volatility. The price closed near the lower band ($112.94 vs. $112.50), typically signaling oversold conditions. However, the recent band expansion coincides with strong directional momentum, implying the breakdown may extend further. Traders should monitor for consolidation near the lower band as a precursor to potential reversal signals.
Volume-Price Relationship
Volume surged 95% above the 30-day average during the 5.95% sell-off, confirming bearish conviction. This follows a pattern of elevated volume on down days (e.g., July 14: -2.6% on 2.03M shares) versus lighter volume on rebounds, indicating distribution. Such volume divergence suggests institutional selling, reinforcing the downtrend’s sustainability. A reversal would require substantial volume-backed upside confirmation.
Relative Strength Index (RSI)
The 14-day RSI sits at 28, deep in oversold territory (<30). Historically, similar RSI levels in January 2025 and November 2024 preceded short-term bounces. However, the indicator’s current position aligns with the stock’s multi-month low, indicating potential for continued oversold conditions during pronounced trends. While oversold, RSI alone is insufficient for reversal confirmation given the bearish volume and moving average alignment.
Fibonacci Retracement
Using the swing high of $153.84 (January 2025) and swing low of $96.81 (October 2024), key retracement levels include $138.06 (38.2%), $125.33 (50%), and $112.59 (61.8%). The price has breached the 61.8% support ($112.59), closing marginally below it at $112.94. This suggests a path toward the 78.6% level ($104.50) and potentially full retracement to $96.81. The breakdown below 61.8% reinforces bearish technical structure.
Confluence and Divergence
Significant confluence exists between the breakdown below the 200-day MA, Fibonacci 61.8% support, and Bollinger lower band, collectively signaling bearish dominance. The only notable divergence is KDJ/RSI oversold readings against sustained momentum indicators (MACD, volume), suggesting weak counter-trend potential. Such conditions historically resolve through either sharp bear capitulation or technical rebounds, but the weight of evidence favors continued downside with $104.50 as the next material support. Probabilistically, the trend may exhaust near historical support levels, though confirmation requires reversal patterns alongside volume and volatility normalization.