The Greedy Trader Weekly Analysis
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Becton, Dickinson
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Summary:
Weekly :Overbought sectorRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtLane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :The price has risen above the Parabolic SARThe period of low volatility of the stock price
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It was a first positive week for the Becton, Dickinson (BDX). During the week, the BDX climbed 2.21 points, or 0.89%, and closed at 249.33 on Friday, August 10, 2018. Weekly volume was -18% below average.

BDX 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 BDX long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 69.59 and reached 253.77 on August 9, 2018. BDX gained -184.18 points, or -264.66%, in 357 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (197.92) 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 253.77 on August 9, 2018. BDX gained -182.21 points, or -254.63%, in 322 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (205.46) 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 medium-term trend.

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

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See BDX short-term trend chart]
A short-term uptrend had started on May 29, 2018 at 218.60 and reached 253.77 on August 9, 2018. BDX gained -35.17 points, or -16.09%, in 72 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 246.40 and resistance is at 255.67. 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 short-term trend.

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

The daily MACD line is below its signal line since July 27, 2018. 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.

The distance between the Bollinger Bands is falling, and it was 3.19% on Friday. It is 60.39% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.25
Williams' Percentage Range (W%R) 23.20
Lane's Stochastic (%D-Slow) 74.49
Greed/Fear Indicator (GFI) 67.85
Moving Average Converg./Diverg. (MACD) 2.75
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 86.29
Overbought
Williams' Percentage Range (W%R) 7.40
Strong Overbought
Lane's Stochastic (%D-Slow) 91.85
Strong Overbought Bearish
Greed/Fear Indicator (GFI) 81.98
Overbought
Moving Average Converg./Diverg. (MACD) 6.11 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 255.67
Monthly Trendline Resistance 252.99
Upper Bollinger Band 251.56
Weekly Stochastic Crossing 251.26
Daily Stochastic Crossing 250.51
Price 249.33
20 Day Moving Average 248.54
Weekly Trendline Support 246.40
Lower Bollinger Band 243.59
50 Day Moving Average 241.06
Parabolic System 240.67
Monthly Trendline Support 223.75
Quarterly Trendline Resistance 209.40
Quarterly Trendline Support 205.46
Yearly Trendline Resistance 204.09
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Instruments/Supls 79
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 239.80
Low Date 08/02/2018
High 253.77
High Date 08/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 255.67
Support 246.40
Low 218.60
Low Date 05/29/2018
High 253.77
High Date 08/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 252.99
Support 223.75
Low 209.91
Low Date 02/09/2018
High 253.77
High Date 08/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 209.40
Support 205.46
Low 71.56
Low Date 06/04/2012
High 253.77
High Date 08/09/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 204.09
Support 197.92
Low 69.59
Low Date 10/04/2011
High 253.77
High Date 08/09/2018
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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