Boston Properties (BXP)
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|It was the negative week for the Boston Properties (BXP). During the week, the BXP dropped -1.58 points, or -1.74%, and closed at 89.09 on Friday, July 31, 2020. Weekly volume was 15% above average. |
Long-term trend: [See BXP long-term trend chart]
A long-term downtrend had started on February 19, 2020 at 147.83 and reached 71.57 on May 14, 2020. BXP lost 76.26 points, or 51.59%, in 12 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See BXP medium-term trend chart]
A medium-term uptrend had started on May 14, 2020 at 71.57 and reached 107.90 on June 8, 2020. BXP gained -36.33 points, or -50.76%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (87.94) 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 BXP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since June 12, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See BXP short-term trend chart]
A short-term uptrend had started on July 10, 2020 at 83.39 and reached 94.63 on July 15, 2020. BXP gained -11.24 points, or -13.48%, in 5 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (98.39) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.
Daily Technical Indicators: [See BXP daily technical indicators chart]
Daily technical indicators are neutral.
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 fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.