The Greedy Trader Weekly Analysis
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Boston Properties (BXP)

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Summary:
Weekly :Oversold sector
Daily :Trend support at 134.83The period of low volatility of the stock price
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It was the negative week for the Boston Properties (BXP). During the week, the BXP dropped -1.56 points, or -1.14%, and closed at 135.08 on Friday, January 10, 2020. Weekly volume was -42% below average.

BXP is a member of Financial Sector. Financial is the second most oversold 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 BXP long-term trend chart]
A long-term uptrend had started on December 26, 2018 at 107.84 and reached 140.35 on May 1, 2019. BXP gained -32.51 points, or -30.15%, in 18 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 130.45 and resistance is at 140.29. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.

Medium-term trend: [See BXP medium-term trend chart]
A medium-term uptrend had started on October 3, 2019 at 124.58 and reached 140.30 on December 6, 2019. BXP gained -15.72 points, or -12.62%, in 9 weeks. The price is now at the 33.21% retracement level.

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

The weekly MACD line is above its signal line since October 25, 2019. 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 BXP short-term trend chart]
A short-term downtrend had started on December 6, 2019 at 140.30 and reached 133.60 on December 18, 2019. BXP lost 6.70 points, or 4.78%, in 12 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (134.83) line. The support is usually stronger when technical indicators are oversold. 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 support line in a short-term trend.

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

The daily MACD line is below its signal line since January 6, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

The distance between the Bollinger Bands is falling, and it was 3.05% on Friday. It is 55.47% lower than one year average. It indicates the period of low volatility of the stock price. 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) 47.50
Williams' Percentage Range (W%R) 77.90
Lane's Stochastic (%D-Slow) 31.69
Greed/Fear Indicator (GFI) 33.75
Moving Average Converg./Diverg. (MACD) -0.17
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.16
Williams' Percentage Range (W%R) 35.70
Lane's Stochastic (%D-Slow) 60.76
Greed/Fear Indicator (GFI) 60.17
Moving Average Converg./Diverg. (MACD) 1.48
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 140.29
Upper Bollinger Band 138.20
Weekly Trendline Resistance 137.79
Parabolic System 137.20
50 Day Moving Average 137.16
Weekly Stochastic Crossing 137.16
20 Day Moving Average 135.88
Price 135.08
Weekly Trendline Support 134.83
Daily Stochastic Crossing 134.69
Lower Bollinger Band 134.09
Quarterly Trendline Support 130.45
Sector and Industry
Description Name Rank
Sector Financial 2
Industry Property Management 87
Daily Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Low 133.60
Low Date 12/18/2019
High 138.54
High Date 01/02/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Test Support
Resistance 137.79
Support 134.83
High 140.30
High Date 12/06/2019
Low 133.60
Low Date 12/18/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.58
Low Date 10/03/2019
High 140.30
High Date 12/06/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Valid
Resistance 140.29
Support 130.45
Low 107.84
Low Date 12/26/2018
High 140.35
High Date 05/01/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 94.91
Low Date 08/24/2015
High 144.02
High Date 08/10/2016
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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