The Greedy Trader Weekly Analysis
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Becton, Dickinson
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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtStochastic has declined below the signal lineBroken trend resistance lineBroken trend resistance line
Daily :Williams' Percentage Range is oversoldPrice has crossed below the 50 Day Moving AverageBroken trend support lineThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the Becton, Dickinson (BDX). During the week, the BDX dropped -7.23 points, or -2.77%, and closed at 253.77 on Friday, October 05, 2018. Weekly volume was -17% below average.

BDX is a member of Healthcare Sector. Healthcare 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 265.87 on October 1, 2018. BDX gained -196.28 points, or -282.05%, in 364 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (200.94) 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 long-term trend.

Medium-term trend: [See BDX medium-term trend chart]
A medium-term uptrend had started on June 4, 2012 at 71.56 and reached 265.87 on October 1, 2018. BDX gained -194.31 points, or -271.53%, in 330 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (208.83) 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 BDX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. 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.

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend 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 May 29, 2018 at 218.60 and reached 265.87 on October 1, 2018. BDX gained -47.27 points, or -21.62%, in 125 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (262.53) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BDX may retest the broken support line. It is considered to be a resistance line now. 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 BDX 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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since October 2, 2018.

During the last week, the price has declined below 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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) 42.82
Williams' Percentage Range (W%R) 86.10
Oversold
Lane's Stochastic (%D-Slow) 36.24
Greed/Fear Indicator (GFI) 30.99
Moving Average Converg./Diverg. (MACD) 1.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.93
Williams' Percentage Range (W%R) 26.30
Lane's Stochastic (%D-Slow) 80.51
Overbought
Greed/Fear Indicator (GFI) 69.30
Moving Average Converg./Diverg. (MACD) 8.71
Trading Signals
Description Value Chart
Weekly Trendline Resistance 274.67
Upper Bollinger Band 265.10
Parabolic System 263.65
Weekly Trendline Support 262.53
Weekly Stochastic Crossing 262.35
Monthly Trendline Resistance 261.42
20 Day Moving Average 259.58
50 Day Moving Average 255.54
Daily Stochastic Crossing 255.10
Price 253.77
Lower Bollinger Band 252.46
Monthly Trendline Support 228.48
Quarterly Trendline Resistance 212.77
Quarterly Trendline Support 208.83
Yearly Trendline Resistance 207.11
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Instruments/Supls 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 265.87
High Date 10/01/2018
Low 251.41
Low Date 10/05/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 274.67
Support 262.53
Low 218.60
Low Date 05/29/2018
High 265.87
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 261.42
Support 228.48
Low 209.91
Low Date 02/09/2018
High 265.87
High Date 10/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 212.77
Support 208.83
Low 71.56
Low Date 06/04/2012
High 265.87
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 207.11
Support 200.94
Low 69.59
Low Date 10/04/2011
High 265.87
High Date 10/01/2018
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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