The Greedy Trader Weekly Analysis
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Medical Instruments/Supls Industry Technical Analysis

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- 12/6/2019 -
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Baxter International Inc. (BAX)

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Williams' Percentage Range is overboughtMACD bearish divergencePrice has crossed above the 50 Day Moving Average
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It was a first positive week for the Baxter International Inc. (BAX). During the week, the BAX gained 1.20 points, or 1.46%, and closed at 83.17 on Friday, December 6, 2019. Weekly volume was -61% below average.

BAX is a member of Healthcare Sector. Healthcare 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 BAX long-term trend chart]
A long-term uptrend had started on July 1, 2010 at 21.86 and reached 89.93 on September 6, 2019. BAX gained -68.07 points, or -311.39%, in 479 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (44.46) is broken. Usually a broken resistance is considered to be a long-term bullish 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 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 89.93 on September 6, 2019. BAX gained -57.75 points, or -179.46%, in 205 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 71.76 and resistance is at 90.85. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since September 27, 2019. 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 October 25, 2019 at 75.67 and reached 83.53 on December 6, 2019. BAX gained -7.86 points, or -10.39%, in 42 days. Price is near the trend high.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since November 11, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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) 64.94
Williams' Percentage Range (W%R) 12.30
Overbought
Lane's Stochastic (%D-Slow) 65.23
Greed/Fear Indicator (GFI) 72.62
Moving Average Converg./Diverg. (MACD) -0.09 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.61
Williams' Percentage Range (W%R) 49.90
Lane's Stochastic (%D-Slow) 37.55
Greed/Fear Indicator (GFI) 44.27
Moving Average Converg./Diverg. (MACD) 1.45
Trading Signals
Description Value Chart
Monthly Trendline Resistance 94.94
Quarterly Trendline Resistance 90.85
Upper Bollinger Band 84.08
Price 83.17
50 Day Moving Average 82.69
Daily Stochastic Crossing 82.58
Monthly Trendline Support 81.91
20 Day Moving Average 81.45
Weekly Stochastic Crossing 81.44
Parabolic System 80.44
Lower Bollinger Band 79.45
Quarterly Trendline Support 71.76
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Instruments/Supls 66
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 75.67
Low Date 10/25/2019
High 83.53
High Date 12/06/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.93
High Date 09/06/2019
Low 75.67
Low Date 10/25/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 94.94
Support 81.91
Low 61.05
Low Date 10/31/2018
High 89.93
High Date 09/06/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 90.85
Support 71.76
Low 32.18
Low Date 10/02/2015
High 89.93
High Date 09/06/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 53.95
Support 44.46
Low 21.86
Low Date 07/01/2010
High 89.93
High Date 09/06/2019
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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