The Greedy Trader Weekly Analysis
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- 6/6/2025 -
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Boston Scientific (BSX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARLane's Stochastic is oversoldBroken trend support lineThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Boston Scientific (BSX). During the week, the BSX dropped -3.17 points, or -3.01%, and closed at 102.09 on Friday, June 6, 2025. It was the worst weekly loss since April 4, 2025. Weekly volume was 18% above average.

Long-term trend: [See BSX long-term trend chart]
A long-term uptrend had started on July 26, 2012 at 4.79 and reached 107.20 on February 5, 2025. BSX gained -102.41 points, or -2138.00%, in 653 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (41.72) 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 BSX medium-term trend chart]
A medium-term downtrend had started on February 5, 2025 at 107.20 and reached 85.98 on April 7, 2025. BSX lost 21.22 points, or 19.79%, in 8 weeks. The price is now at the 75.92% retracement level.

Weekly Technical Indicators: [See BSX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 7, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See BSX short-term trend chart]
A short-term uptrend had started on April 7, 2025 at 85.98 and reached 107.06 on May 21, 2025. BSX gained -21.08 points, or -24.52%, in 44 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (113.70) 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. BSX 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 BSX daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.

The daily MACD line is below its signal line since May 21, 2025.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.80
Williams' Percentage Range (W%R) 65.70
Lane's Stochastic (%D-Slow) 17.21
Oversold
Greed/Fear Indicator (GFI) 27.76
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.39
Williams' Percentage Range (W%R) 19.60
Overbought
Lane's Stochastic (%D-Slow) 89.27
Overbought
Greed/Fear Indicator (GFI) 74.52
Moving Average Converg./Diverg. (MACD) 3.98
Trading Signals
Description Value Chart
Weekly Trendline Support 113.70
Weekly Trendline Resistance 108.67
Upper Bollinger Band 106.28
Parabolic System 105.89
Weekly Stochastic Crossing 105.18
20 Day Moving Average 104.22
Price 102.09
Daily Stochastic Crossing 101.61
50 Day Moving Average 100.84
Lower Bollinger Band 100.75
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Health Care Equipment 46
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 107.06
High Date 05/21/2025
Low 100.96
Low Date 06/06/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 108.67
Support 113.70
Low 85.98
Low Date 04/07/2025
High 107.06
High Date 05/21/2025
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 107.20
High Date 02/05/2025
Low 85.98
Low Date 04/07/2025
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 34.98
Low Date 06/16/2022
High 107.20
High Date 02/05/2025
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 48.68
Support 41.72
Low 4.79
Low Date 07/26/2012
High 107.20
High Date 02/05/2025
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.