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Advanced TA SearchArchive - 5/10/2024 - Sign In to see current Signals. |
Becton, Dickinson (BDX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second positive week after 4 consecutive negative weeks for the Becton, Dickinson (BDX). During the week, the BDX climbed 0.99 points, or 0.42%, and closed at 235.67 on Friday, May 10, 2024. Weekly volume was 22% above average. Long-term trend: [See BDX long-term trend chart] A long-term downtrend had started on February 5, 2020 at 286.72 and reached 197.75 on March 23, 2020. BDX lost 88.97 points, or 31.03%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 227.00 and resistance is at 271.82. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend. Medium-term trend: [See BDX medium-term trend chart] A medium-term downtrend had started on January 9, 2024 at 249.89 and reached 229.40 on April 17, 2024. BDX lost 20.49 points, or 8.20%, in 14 weeks. The price is now at the 30.60% retracement level. Weekly Technical Indicators: [See BDX weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since February 16, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help. Short-term trend: [See BDX short-term trend chart] A short-term downtrend had started on March 28, 2024 at 248.42 and reached 229.40 on April 17, 2024. BDX lost 19.02 points, or 7.66%, in 20 days. The price is now at the 32.97% retracement level. Daily Technical Indicators: [See BDX daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since May 1, 2024. The distance between MACD and the signal line is low and getting smaller. A Parabolic SAR (stop and reversal) indicator (233.5) comes close to the price (235.67). It indicates that the trend is getting weaker. 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. The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.67% on Friday. It is 50.13% 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. 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.
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