The Greedy Trader Weekly Analysis
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- 11/2/2018
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Baxter International Inc.
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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Stochastic signal line moved above oversold areaLane's Stochastic bullish divergenceThe price touches the lower Bollinger BandThe Bollinger Bands are historically far apart
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It was the negative week for the Baxter International Inc. (BAX). During the week, the BAX dropped -4.92 points, or -7.33%, and closed at 62.18 on Friday, November 02, 2018. Weekly volume was 150% above average.

BAX is a member of Healthcare Sector. Healthcare is the most overbought 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 BAX long-term trend chart]
A long-term uptrend had started on July 1, 2010 at 21.86 and reached 78.38 on September 20, 2018. BAX gained -56.52 points, or -258.55%, in 429 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (40.10) 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 BAX medium-term trend chart]
A medium-term downtrend had started on September 20, 2018 at 78.38 and reached 61.05 on October 31, 2018. BAX lost 17.33 points, or 22.11%, in 5 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (66.14) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a medium-term trend.

Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since October 5, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See BAX short-term trend chart]
A short-term downtrend had started on October 30, 2018 at 68.89 and reached 61.05 on October 31, 2018. BAX lost 7.84 points, or 11.38%, in 1 days. The price is now at the 14.41% retracement level.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since September 26, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

The price touches the lower Bollinger Band. The distance between the Bollinger Bands (20.65%) is close to one year high (18.06%). It is 163.56% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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) 24.27
Williams' Percentage Range (W%R) 79.70
Lane's Stochastic (%D-Slow) 21.06
Bullish
Greed/Fear Indicator (GFI) 21.88
Moving Average Converg./Diverg. (MACD) -2.11
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.45
Williams' Percentage Range (W%R) 84.60
Oversold
Lane's Stochastic (%D-Slow) 25.57
Greed/Fear Indicator (GFI) 26.35
Moving Average Converg./Diverg. (MACD) 1.34
Trading Signals
Description Value Chart
Upper Bollinger Band 74.99
50 Day Moving Average 73.00
20 Day Moving Average 68.88
Monthly Trendline Resistance 66.41
Monthly Trendline Support 66.14
Parabolic System 65.82
Weekly Stochastic Crossing 63.58
Daily Stochastic Crossing 62.95
Price 62.18
Lower Bollinger Band 62.15
Yearly Trendline Resistance 49.86
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Instruments/Supls 76
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 68.89
High Date 10/30/2018
Low 61.05
Low Date 10/31/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 68.89
High Date 10/30/2018
Low 61.05
Low Date 10/31/2018
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 66.41
Support 66.14
High 78.38
High Date 09/20/2018
Low 61.05
Low Date 10/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 32.18
Low Date 10/02/2015
High 78.38
High Date 09/20/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 49.86
Support 40.10
Low 21.86
Low Date 07/01/2010
High 78.38
High Date 09/20/2018
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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