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|It was a first positive week for the Boston Properties (BXP). During the week, the BXP gained 4.69 points, or 3.94%, and closed at 123.62 on Friday, March 09, 2018. It was the best weekly gain since December 15, 2017. Weekly volume was -18% below average. |
Long-term trend: [See BXP long-term trend chart]
A long-term downtrend had started on August 10, 2016 at 144.02 and reached 111.57 on February 12, 2018. BXP lost 32.45 points, or 22.53%, in 78 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See BXP medium-term trend chart]
A medium-term downtrend had started on December 18, 2017 at 132.00 and reached 111.57 on February 12, 2018. BXP lost 20.43 points, or 15.48%, in 8 weeks. The price is now at the 58.98% retracement level.
Weekly Technical Indicators: [See BXP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since January 19, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See BXP short-term trend chart]
A short-term uptrend had started on February 12, 2018 at 111.57 and reached 123.76 on March 9, 2018. BXP gained -12.19 points, or -10.93%, in 25 days. Price is near the trend high.
Daily Technical Indicators: [See BXP daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since February 14, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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 advanced above the 50 Day Moving Average. While the medium-term trend is down and 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.