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

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Summary:
Weekly :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance lineTrend resistance at 94.29
Daily :The price is above the upper Bollinger Band
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It was a second consecutive positive week for the Baxter International Inc. (BAX). During the week, the BAX gained 1.89 points, or 2.07%, and closed at 93.14 on Friday, February 14, 2020. Weekly volume was -54% 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 95.00 on February 6, 2020. BAX gained -73.14 points, or -334.58%, in 501 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (44.89) 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 95.00 on February 6, 2020. BAX gained -62.82 points, or -195.21%, in 226 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (94.29). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

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

The weekly MACD line is above its signal line since January 10, 2020. This is an indication that the medium-term trend is up. 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 October 25, 2019 at 75.67 and reached 95.00 on February 6, 2020. BAX gained -19.33 points, or -25.55%, in 104 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 90.98 and resistance is at 96.63. 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 short-term trend.

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

The daily MACD line is below its signal line since January 29, 2020. The distance between MACD and the signal line is low and getting smaller.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 62.44
Williams' Percentage Range (W%R) 35.30
Lane's Stochastic (%D-Slow) 48.28
Greed/Fear Indicator (GFI) 58.47
Moving Average Converg./Diverg. (MACD) 1.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 85.19
Overbought
Williams' Percentage Range (W%R) 10.90
Overbought
Lane's Stochastic (%D-Slow) 87.37
Overbought
Greed/Fear Indicator (GFI) 80.73
Overbought
Moving Average Converg./Diverg. (MACD) 1.53
Trading Signals
Description Value Chart
Monthly Trendline Resistance 97.68
Weekly Trendline Resistance 96.63
Quarterly Trendline Resistance 94.29
Weekly Stochastic Crossing 93.20
Price 93.14
Upper Bollinger Band 92.70
Daily Stochastic Crossing 92.67
Parabolic System 91.55
20 Day Moving Average 91.10
Weekly Trendline Support 90.98
Lower Bollinger Band 88.63
50 Day Moving Average 87.28
Monthly Trendline Support 83.19
Quarterly Trendline Support 77.73
Sector and Industry
Description Name Rank
Sector Healthcare 7
Industry Medical Instruments/Supls 64
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 89.05
Low Date 01/31/2020
High 95.00
High Date 02/06/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 96.63
Support 90.98
Low 75.67
Low Date 10/25/2019
High 95.00
High Date 02/06/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 97.68
Support 83.19
Low 61.05
Low Date 10/31/2018
High 95.00
High Date 02/06/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Resistance
Resistance 94.29
Support 77.73
Low 32.18
Low Date 10/02/2015
High 95.00
High Date 02/06/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 54.38
Support 44.89
Low 21.86
Low Date 07/01/2010
High 95.00
High Date 02/06/2020
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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