The Greedy Trader Weekly Analysis
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Becton, Dickinson
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Summary:
Weekly :Lane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic bullish divergencePrice has crossed below the 50 Day Moving AverageBullish Harami CandlestickThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically far apart
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It was the negative week for the Becton, Dickinson (BDX). During the week, the BDX dropped -19.97 points, or -8.42%, and closed at 217.14 on Friday, February 09, 2018. Weekly volume was 94% above average.

Long-term trend: [See BDX long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 69.59 and reached 248.39 on January 29, 2018. BDX gained -178.80 points, or -256.93%, in 329 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (188.88) 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 BDX medium-term trend chart]
A medium-term uptrend had started on June 4, 2012 at 71.56 and reached 248.39 on January 29, 2018. BDX gained -176.83 points, or -247.11%, in 295 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (200.67) 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 medium-term trend.

Weekly Technical Indicators: [See BDX weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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 Lane's Stochastic help.

The weekly MACD line is above its signal line since October 20, 2017. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 January 29, 2018 at 248.39 and reached 209.91 on February 9, 2018. BDX lost 38.48 points, or 15.49%, in 11 days. The price is now at the 18.79% retracement level.

Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. Use the following link to access Williams' Percentage Range help.

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

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (17.19%) is close to one year high (14.26%). It is 182.67% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Candlestick pattern: [See BDX candlestick chart pattern]
On Friday the chart has formed a Bullish Harami Candlestick pattern. A Bullish Harami indicates that the bearish trend may be reversing, it signals that it's a good time to enter into a long position. Use the Technical Stock Screener to see the list of stocks that had a Bullish Harami Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.56
Williams' Percentage Range (W%R) 93.00
Strong Oversold
Lane's Stochastic (%D-Slow) 15.89
Oversold Bullish
Greed/Fear Indicator (GFI) 18.80
Oversold
Moving Average Converg./Diverg. (MACD) 2.30
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.94
Williams' Percentage Range (W%R) 63.00
Lane's Stochastic (%D-Slow) 73.10
Bearish
Greed/Fear Indicator (GFI) 53.02
Moving Average Converg./Diverg. (MACD) 8.54 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 247.85
Monthly Trendline Resistance 243.14
Weekly Stochastic Crossing 238.33
20 Day Moving Average 233.29
Parabolic System 230.99
50 Day Moving Average 225.54
Price 217.14
Daily Stochastic Crossing 216.85
Lower Bollinger Band 210.53
Monthly Trendline Support 206.46
Quarterly Trendline Support 200.67
Quarterly Trendline Resistance 199.06
Yearly Trendline Resistance 198.58
Yearly Trendline Support 188.88
Sector and Industry
Description Name Rank
Sector Healthcare 6
Industry Medical Instruments/Supls 62
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 248.39
High Date 01/29/2018
Low 209.91
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 213.95
Low Date 12/29/2017
High 248.39
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 243.14
Support 206.46
Low 161.29
Low Date 12/07/2016
High 248.39
High Date 01/29/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 199.06
Support 200.67
Low 71.56
Low Date 06/04/2012
High 248.39
High Date 01/29/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 198.58
Support 188.88
Low 69.59
Low Date 10/04/2011
High 248.39
High Date 01/29/2018
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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