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Advanced TA SearchArchive
- 5/3/2024 -
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Becton, Dickinson (BDX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 4 consecutive negative weeks for the Becton, Dickinson (BDX). During the week, the BDX gained 3.13 points, or 1.35%, and closed at 234.68 on Friday, May 3, 2024. It was the best weekly gain since March 22, 2024. Weekly volume was 65% above average.
BDX is a member of Health Care Sector. Health Care 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 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 226.86 and resistance is at 271.89. 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 uptrend had started on October 13, 2022 at 215.90 and reached 287.32 on July 24, 2023. BDX gained -71.42 points, or -33.08%, in 40 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (264.54) is broken. A broken support is considered to be a long-term bearish 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 support in a medium-term trend.
 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. 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 downtrend had started on February 23, 2024 at 246.60 and reached 229.40 on April 17, 2024. BDX lost 17.20 points, or 6.97%, in 54 days. The price is now at the 30.70% 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.
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