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Price vs. 50 Day Moving Average:Near
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Moving Average Crossover - stock market timing alerts.
The moving average is one of the oldest analytical tools for stock market alerts. It shows the average value of the stock price over a period of time and is used to emphasize the direction of a trend. While price is below the moving average, it is considered as bearish behaviour in relation to the trend length being viewed. When price falls from the level above the moving average to the level below the moving average, it warns that the price trend being viewed may be weakening, and it presents stock market timing alerts. The moving average is a lagging indicator of the price trend. Moving average and stock price crossover is a stock trading signal. The basic interpretation is to buy when the stock price moves above its moving average and to sell when the price moves below its moving average. The length of the moving average should match the trend time frame. We use 20 day moving average crossover to identify weekly trend and 50 day moving average crossover for monthly trend stock market alerts.
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- 5/29/2020 -
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Becton, Dickinson (BDX)

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Summary:
Weekly :Overbought sectorBroken trend support lineStochastic signal line moved below overbought area
Daily :Price has crossed above the 50 Day Moving Average
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It was a first positive week for the Becton, Dickinson (BDX). During the week, the BDX gained 7.68 points, or 3.21%, and closed at 246.93 on Friday, May 29, 2020. Weekly volume was 30% above average.

BDX is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See BDX long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 69.59 and reached 286.72 on February 5, 2020. BDX gained -217.13 points, or -312.01%, in 435 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 236.42 and resistance is at 301.70. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See BDX medium-term trend chart]
A medium-term downtrend had started on February 5, 2020 at 286.72 and reached 197.75 on March 23, 2020. BDX lost 88.97 points, or 31.03%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (281.75) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See BDX 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 April 24, 2020. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See BDX short-term trend chart]
A short-term downtrend had started on April 28, 2020 at 271.95 and reached 227.41 on May 27, 2020. BDX lost 44.54 points, or 16.38%, in 29 days. The price is now at the 43.83% retracement level.

Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 29, 2020. This is an indication that the short-term trend is down.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.10
Williams' Percentage Range (W%R) 59.90
Lane's Stochastic (%D-Slow) 23.50
Greed/Fear Indicator (GFI) 35.91
Moving Average Converg./Diverg. (MACD) -1.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.39
Williams' Percentage Range (W%R) 48.20
Lane's Stochastic (%D-Slow) 76.11
Greed/Fear Indicator (GFI) 59.31
Moving Average Converg./Diverg. (MACD) -1.56
Trading Signals
Description Value Chart
Monthly Trendline Support 281.75
Quarterly Trendline Support 281.75
Upper Bollinger Band 269.46
Monthly Trendline Resistance 266.40
Quarterly Trendline Resistance 266.32
Weekly Stochastic Crossing 258.85
Parabolic System 253.56
20 Day Moving Average 252.36
Price 246.93
50 Day Moving Average 245.55
Daily Stochastic Crossing 237.25
Yearly Trendline Support 236.42
Lower Bollinger Band 228.94
Sector and Industry
Description Name Rank
Sector Health Care 12
Industry Health Care Equipment 112
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 268.42
High Date 05/18/2020
Low 227.41
Low Date 05/27/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 271.95
High Date 04/28/2020
Low 227.41
Low Date 05/27/2020
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 266.40
Support 281.75
Low 197.75
Low Date 03/23/2020
High 271.95
High Date 04/28/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 266.32
Support 281.75
High 286.72
High Date 02/05/2020
Low 197.75
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 301.70
Support 236.42
Low 69.59
Low Date 10/04/2011
High 286.72
High Date 02/05/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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