The Greedy Trader Weekly Analysis
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Baxter International Inc.
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Summary:
Weekly :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtOversold sectorBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineTrend support at 79.00
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It was the negative week for the Baxter International Inc. (BAX). During the week, the BAX dropped -1.35 points, or -1.67%, and closed at 79.32 on Friday, April 12, 2019. Weekly volume was -30% below average.

BAX is a member of Healthcare Sector. Healthcare is the 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 BAX long-term trend chart]
A long-term uptrend had started on July 1, 2010 at 21.86 and reached 82.25 on April 1, 2019. BAX gained -60.39 points, or -276.26%, in 456 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (42.93) 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 uptrend had started on October 2, 2015 at 32.18 and reached 82.25 on April 1, 2019. BAX gained -50.07 points, or -155.59%, in 182 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 65.15 and resistance is at 88.43. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. 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 above its signal line since January 18, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See BAX short-term trend chart]
A short-term uptrend had started on December 24, 2018 at 61.40 and reached 82.25 on April 1, 2019. BAX gained -20.85 points, or -33.96%, in 98 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (79.00) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.79
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 29.04
Greed/Fear Indicator (GFI) 50.35
Moving Average Converg./Diverg. (MACD) 1.49
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.03
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 91.62
Strong Overbought
Greed/Fear Indicator (GFI) 82.80
Overbought
Moving Average Converg./Diverg. (MACD) 1.30
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 88.43
Weekly Trendline Resistance 84.81
Upper Bollinger Band 82.03
Parabolic System 81.41
Weekly Stochastic Crossing 81.37
Monthly Trendline Support 80.24
Daily Stochastic Crossing 79.79
Monthly Trendline Resistance 79.47
20 Day Moving Average 79.42
Price 79.32
Weekly Trendline Support 79.00
50 Day Moving Average 76.19
Lower Bollinger Band 76.12
Quarterly Trendline Support 65.15
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Medical Instruments/Supls 102
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 82.25
High Date 04/01/2019
Low 79.00
Low Date 04/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 84.81
Support 79.00
Low 61.40
Low Date 12/24/2018
High 82.25
High Date 04/01/2019
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 79.47
Support 80.24
Low 61.05
Low Date 10/31/2018
High 82.25
High Date 04/01/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 88.43
Support 65.15
Low 32.18
Low Date 10/02/2015
High 82.25
High Date 04/01/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 51.97
Support 42.93
Low 21.86
Low Date 07/01/2010
High 82.25
High Date 04/01/2019
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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