The Greedy Trader Weekly Analysis
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Baxter International Inc. (BAX)

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Summary:
Weekly :Broken trend resistance lineWilliams' Percentage Range is oversold
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaPrice is near the Fibonacci 23.6% retracement levelThe period of high volatility of the stock price
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It was a second consecutive positive week for the Baxter International Inc. (BAX). During the week, the BAX climbed 0.60 points, or 0.77%, and closed at 78.51 on Friday, November 8, 2019. Weekly volume was -34% below average.

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 (44.25) 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 Broadening Ascending Wedge chart pattern. The trend support level is at 70.58 and resistance is at 97.27. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 weekly MACD line is below its signal line since September 27, 2019. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See BAX short-term trend chart]
A short-term downtrend had started on October 21, 2019 at 89.10 and reached 75.67 on October 25, 2019. BAX lost 13.43 points, or 15.07%, in 4 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since October 23, 2019. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

The distance between the Bollinger Bands is 189.09% higher then one year average. It indicates the period of high 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) 22.60
Williams' Percentage Range (W%R) 84.30
Oversold
Lane's Stochastic (%D-Slow) 57.44
Greed/Fear Indicator (GFI) 31.92
Moving Average Converg./Diverg. (MACD) -2.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.88
Williams' Percentage Range (W%R) 85.20
Oversold
Lane's Stochastic (%D-Slow) 39.28
Greed/Fear Indicator (GFI) 32.54
Moving Average Converg./Diverg. (MACD) 2.53
Trading Signals
Description Value Chart
Upper Bollinger Band 90.55
50 Day Moving Average 84.88
Parabolic System 82.66
20 Day Moving Average 81.75
Weekly Stochastic Crossing 80.31
Monthly Trendline Support 80.17
Price 78.51
Daily Stochastic Crossing 77.88
Lower Bollinger Band 71.12
Quarterly Trendline Support 70.58
Sector and Industry
Description Name Rank
Sector Healthcare 4
Industry Medical Instruments/Supls 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 89.10
High Date 10/21/2019
Low 75.67
Low Date 10/25/2019
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 Broken Support
Resistance 94.25
Support 80.17
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 Broadening Ascending Wedge
Status Valid
Resistance 97.27
Support 70.58
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 53.29
Support 44.25
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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