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- 4/5/2024 -
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Baxter International Inc. (BAX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Baxter International Inc. (BAX). During the week, the BAX gave back -0.12 points, or -0.28%, and closed at 42.62 on Friday, April 5, 2024. Weekly volume was -30% below average.
 Long-term trend: [See BAX long-term trend chart]
A long-term downtrend had started on April 20, 2020 at 95.19 and reached 31.01 on October 16, 2023. BAX lost 64.18 points, or 67.42%, in 182 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 22.50 and resistance is at 81.46. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See BAX medium-term trend chart]
A medium-term uptrend had started on October 16, 2023 at 31.01 and reached 44.01 on March 8, 2024. BAX gained -13.00 points, or -41.92%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (42.61) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 24, 2023. This is an indication that the medium-term trend is up. 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 March 18, 2024 at 41.24 and reached 43.99 on April 1, 2024. BAX gained -2.75 points, or -6.67%, in 14 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 41.26 and resistance is at 45.08. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 4, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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