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Archive - 5/10/2024 - Sign In to see current Signals. |
Boston Scientific (BSX) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Boston Scientific (BSX). During the week, the BSX gained 0.83 points, or 1.14%, and closed at 73.69 on Friday, May 10, 2024. Weekly volume was -32% below 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 74.39 on April 24, 2024. BSX gained -69.60 points, or -1453.03%, in 612 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (38.62) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 uptrend had started on June 16, 2022 at 34.98 and reached 74.39 on April 24, 2024. BSX gained -39.41 points, or -112.66%, in 96 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (54.20) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend. Weekly Technical Indicators: [See BSX weekly technical indicators chart] Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and 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, Relative Strength Index and Williams' Percentage Range help. The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 22, 2024 at 66.80 and reached 74.39 on April 24, 2024. BSX gained -7.59 points, or -11.36%, in 2 days. The price is now at the 9.22% retracement level. Daily Technical Indicators: [See BSX daily technical indicators chart] Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. The daily MACD line is above its signal line since April 23, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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Daily Oscillators |
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Weekly Oscillators |
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Trading
Signals |
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Sector and
Industry |
Description |
Name |
Rank |
Sector |
Health Care |
3 |
Industry |
Health Care Equipment |
39 |
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Daily Trend |
Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Low |
70.97 |
Low Date |
05/02/2024 |
High |
74.30 |
High Date |
05/10/2024 |
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Weekly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Uptrend |
Status |
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Resistance |
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Support |
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Low |
66.80 |
Low Date |
04/22/2024 |
High |
74.39 |
High Date |
04/24/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Channel |
Status |
Broken Resistance |
Resistance |
71.95 |
Support |
69.12 |
Low |
48.35 |
Low Date |
10/13/2023 |
High |
74.39 |
High Date |
04/24/2024 |
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Quarterly Trend |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Rising Channel |
Status |
Broken Resistance |
Resistance |
62.00 |
Support |
54.20 |
Low |
34.98 |
Low Date |
06/16/2022 |
High |
74.39 |
High Date |
04/24/2024 |
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Description |
Value |
Direction |
Up |
Chart Pattern |
Ascending Triangle |
Status |
Broken Resistance |
Resistance |
48.28 |
Support |
38.62 |
Low |
4.79 |
Low Date |
07/26/2012 |
High |
74.39 |
High Date |
04/24/2024 |
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