The Greedy Trader Weekly Analysis
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Weekly Pattern:Falling Wedge
Number of records: 3
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Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.
A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.
Falling Wedge Pattern,Falling Wedge,Falling Wedge Chart Pattern,Charting technique, chart pattern, chart, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading

Baxter International Inc. (BAX)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Broken trend support lineWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved below its signal line
Move cursor over the icon to see details.

It was the negative week for the Baxter International Inc. (BAX). During the week, the BAX gave back -0.36 points, or -0.44%, and closed at 81.65 on Friday, July 12, 2019. Weekly volume was -40% below average.

Long-term trend: [See BAX long-term trend chart]
A long-term uptrend had started on July 1, 2010 at 21.86 and reached 82.85 on July 11, 2019. BAX gained -60.99 points, or -279.00%, in 471 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (43.49) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a long-term trend.

Medium-term trend: [See BAX medium-term trend chart]
A medium-term uptrend had started on October 2, 2015 at 32.18 and reached 82.85 on July 11, 2019. BAX gained -50.67 points, or -157.46%, in 196 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 67.46 and resistance is at 92.18. 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 medium-term trend.

Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 14, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See BAX short-term trend chart]
A short-term uptrend had started on May 31, 2019 at 72.42 and reached 82.85 on July 11, 2019. BAX gained -10.43 points, or -14.40%, in 41 days. The chart has formed a Descending Triangle chart pattern. The uptrend support line (83.58) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.46
Williams' Percentage Range (W%R) 7.30
Strong Overbought
Lane's Stochastic (%D-Slow) 62.97
Greed/Fear Indicator (GFI) 66.70
Moving Average Converg./Diverg. (MACD) 1.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.11
Williams' Percentage Range (W%R) 3.50
Strong Overbought
Lane's Stochastic (%D-Slow) 85.13
Overbought
Greed/Fear Indicator (GFI) 79.07
Moving Average Converg./Diverg. (MACD) 1.92
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 92.18
Weekly Trendline Support 83.58
Upper Bollinger Band 83.15
Weekly Trendline Resistance 82.74
Daily Stochastic Crossing 82.09
Weekly Stochastic Crossing 81.79
Price 81.65
20 Day Moving Average 81.39
Parabolic System 80.26
Lower Bollinger Band 78.65
50 Day Moving Average 78.20
Quarterly Trendline Support 67.46
Sector and Industry
Description Name Rank
Sector Healthcare 7
Industry Medical Instruments/Supls 146
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 79.42
Low Date 06/26/2019
High 82.85
High Date 07/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 82.74
Support 83.58
Low 72.42
Low Date 05/31/2019
High 82.85
High Date 07/11/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.05
Low Date 10/31/2018
High 82.85
High Date 07/11/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 92.18
Support 67.46
Low 32.18
Low Date 10/02/2015
High 82.85
High Date 07/11/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 52.53
Support 43.49
Low 21.86
Low Date 07/01/2010
High 82.85
High Date 07/11/2019
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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