The Greedy Trader Weekly Analysis
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- 7/10/2026 -
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Boston Scientific (BSX) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Price is near the Fibonacci 38.2% retracement level
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It was the negative week for the Boston Scientific (BSX). During the week, the BSX gave back -0.37 points, or -0.82%, and closed at 44.77 on Friday, July 10, 2026. BSX was trading at average weekly trading volume.

BSX is a member of Health Care Sector. Health Care 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 BSX long-term trend chart]
A long-term downtrend had started on September 9, 2025 at 109.50 and reached 42.25 on June 30, 2026. BSX lost 67.25 points, or 61.42%, in 42 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (89.71) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See BSX medium-term trend chart]
A medium-term downtrend had started on January 8, 2026 at 100.90 and reached 42.25 on June 30, 2026. BSX lost 58.65 points, or 58.13%, in 24 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 41.22 and resistance is at 47.39. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BSX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. 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 below its signal line since March 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See BSX short-term trend chart]
A short-term uptrend had started on June 30, 2026 at 42.25 and reached 46.37 on July 7, 2026. BSX gained -4.12 points, or -9.75%, in 7 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The daily MACD line is above its signal line since June 22, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.35
Williams' Percentage Range (W%R) 49.70
Lane's Stochastic (%D-Slow) 65.90
Greed/Fear Indicator (GFI) 54.52
Moving Average Converg./Diverg. (MACD) -2.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 24.53
Williams' Percentage Range (W%R) 90.70
Strong Oversold
Lane's Stochastic (%D-Slow) 7.02
Strong Oversold
Greed/Fear Indicator (GFI) 17.13
Oversold
Moving Average Converg./Diverg. (MACD) -10.56
Trading Signals
Description Value Chart
50 Day Moving Average 49.87
Upper Bollinger Band 48.16
Weekly Trendline Resistance 47.39
20 Day Moving Average 44.98
Daily Stochastic Crossing 44.97
Price 44.77
Parabolic System 43.85
Weekly Stochastic Crossing 43.37
Lower Bollinger Band 43.31
Weekly Trendline Support 41.22
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Equipment 50
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.25
Low Date 06/30/2026
High 46.37
High Date 07/07/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 47.39
Support 41.22
High 100.90
High Date 01/08/2026
Low 42.25
Low Date 06/30/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.65
High Date 11/13/2025
Low 42.25
Low Date 06/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 88.57
Support 89.71
High 109.50
High Date 09/09/2025
Low 42.25
Low Date 06/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.79
Low Date 07/26/2012
High 109.50
High Date 09/09/2025
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.