The Greedy Trader Weekly Analysis
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Becton, Dickinson (BDX)

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
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It was a first positive week for the Becton, Dickinson (BDX). During the week, the BDX gained 11.46 points, or 4.91%, and closed at 245.03 on Thursday, July 2, 2020. It was the best weekly gain since April 17, 2020. Weekly volume was -13% below average.

BDX 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 BDX long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 69.59 and reached 286.72 on February 5, 2020. BDX gained -217.13 points, or -312.01%, in 435 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 238.32 and resistance is at 304.23. 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 long-term trend.

Medium-term trend: [See BDX medium-term trend chart]
A medium-term downtrend had started on April 28, 2020 at 271.95 and reached 225.30 on June 25, 2020. BDX lost 46.65 points, or 17.15%, in 8 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (225.22) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See BDX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since May 29, 2020. 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 BDX short-term trend chart]
A short-term uptrend had started on June 25, 2020 at 225.30 and reached 246.08 on July 2, 2020. BDX gained -20.78 points, or -9.22%, in 7 days. The price is now at the 5.05% retracement level.

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

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 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. 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) 67.68
Williams' Percentage Range (W%R) 45.10
Lane's Stochastic (%D-Slow) 76.59
Greed/Fear Indicator (GFI) 66.40
Moving Average Converg./Diverg. (MACD) -2.96
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.22
Williams' Percentage Range (W%R) 44.30
Lane's Stochastic (%D-Slow) 28.77
Greed/Fear Indicator (GFI) 45.36
Moving Average Converg./Diverg. (MACD) -2.50
Trading Signals
Description Value Chart
Upper Bollinger Band 247.74
50 Day Moving Average 246.65
Price 245.03
Daily Stochastic Crossing 242.37
Yearly Trendline Support 238.32
20 Day Moving Average 236.68
Weekly Stochastic Crossing 235.23
Lower Bollinger Band 229.28
Parabolic System 227.01
Weekly Trendline Resistance 225.58
Weekly Trendline Support 225.22
Sector and Industry
Description Name Rank
Sector Health Care 10
Industry Health Care Equipment 89
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 225.30
Low Date 06/25/2020
High 246.08
High Date 07/02/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 225.58
Support 225.22
High 271.95
High Date 04/28/2020
Low 225.30
Low Date 06/25/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 197.75
Low Date 03/23/2020
High 271.95
High Date 04/28/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 286.72
High Date 02/05/2020
Low 197.75
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 304.23
Support 238.32
Low 69.59
Low Date 10/04/2011
High 286.72
High Date 02/05/2020
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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