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

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Broken trend support lineLane's Stochastic is overboughtPrice is close to the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Baxter International Inc. (BAX). During the week, the BAX gained 2.90 points, or 3.44%, and closed at 87.21 on Thursday, July 2, 2020. It was the best weekly gain since May 29, 2020. Weekly volume was -33% below average.

BAX 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 BAX long-term trend chart]
A long-term uptrend had started on July 1, 2010 at 21.86 and reached 95.19 on April 20, 2020. BAX gained -73.33 points, or -335.45%, in 511 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (45.77) 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 95.19 on April 20, 2020. BAX gained -63.01 points, or -195.80%, in 237 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 73.11 and resistance is at 99.30. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since June 12, 2020. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See BAX short-term trend chart]
A short-term uptrend had started on March 16, 2020 at 69.10 and reached 95.19 on April 20, 2020. BAX gained -26.09 points, or -37.76%, in 35 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (91.23) 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 BAX daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

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

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.90
Williams' Percentage Range (W%R) 40.00
Lane's Stochastic (%D-Slow) 82.32
Overbought
Greed/Fear Indicator (GFI) 68.39
Moving Average Converg./Diverg. (MACD) -0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.46
Williams' Percentage Range (W%R) 33.40
Lane's Stochastic (%D-Slow) 36.04
Greed/Fear Indicator (GFI) 52.00
Moving Average Converg./Diverg. (MACD) 0.71
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 99.30
Weekly Trendline Support 91.23
Upper Bollinger Band 89.33
Weekly Trendline Resistance 89.13
50 Day Moving Average 87.24
Price 87.21
Daily Stochastic Crossing 86.83
20 Day Moving Average 85.30
Weekly Stochastic Crossing 84.11
Parabolic System 83.12
Lower Bollinger Band 82.06
Quarterly Trendline Support 73.11
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Equipment 89
Daily Trend
Description Value
Direction Down
Chart Pattern Falling Channel
High 95.19
High Date 04/20/2020
Low 81.35
Low Date 06/24/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 89.13
Support 91.23
Low 69.10
Low Date 03/16/2020
High 95.19
High Date 04/20/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 61.05
Low Date 10/31/2018
High 95.19
High Date 04/20/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 99.30
Support 73.11
Low 32.18
Low Date 10/02/2015
High 95.19
High Date 04/20/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 55.26
Support 45.77
Low 21.86
Low Date 07/01/2010
High 95.19
High Date 04/20/2020
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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