The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Baxter International Inc. (BAX) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Lane's Stochastic bearish divergence
Daily :Stochastic has declined below the signal lineDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the priceThe 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 Baxter International Inc. (BAX). During the week, the BAX dropped -2.16 points, or -4.93%, and closed at 41.61 on Friday, March 15, 2024. It was the worst weekly loss since October 13, 2023. Weekly volume was -33% below average.

Long-term trend: [See BAX long-term trend chart]
A long-term downtrend had started on April 20, 2020 at 95.19 and reached 31.01 on October 16, 2023. BAX lost 64.18 points, or 67.42%, in 182 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 23.36 and resistance is at 81.63. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See BAX medium-term trend chart]
A medium-term uptrend had started on October 16, 2023 at 31.01 and reached 44.01 on March 8, 2024. BAX gained -13.00 points, or -41.92%, in 20 weeks. The price is now at the 18.46% retracement level.

Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly technical indicators are neutral. Weekly Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic 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 and Relative Strength Index help.

The weekly MACD line is above its signal line since November 24, 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 BAX short-term trend chart]
A short-term uptrend had started on January 24, 2024 at 37.87 and reached 44.01 on March 8, 2024. BAX gained -6.14 points, or -16.21%, in 44 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 41.19 and resistance is at 44.36. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

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

A Parabolic SAR (stop and reversal) indicator (41.26) comes close to the price (41.61). It indicates that the trend is getting weaker. 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) 46.89
Williams' Percentage Range (W%R) 72.20
Lane's Stochastic (%D-Slow) 53.80
Greed/Fear Indicator (GFI) 42.83
Moving Average Converg./Diverg. (MACD) 0.80
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.75
Bearish
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 78.55
Bearish
Greed/Fear Indicator (GFI) 70.87
Moving Average Converg./Diverg. (MACD) -0.30
Trading Signals
Description Value Chart
Weekly Trendline Resistance 44.36
Upper Bollinger Band 43.54
Weekly Stochastic Crossing 42.90
Daily Stochastic Crossing 42.54
20 Day Moving Average 42.25
Price 41.61
Parabolic System 41.26
Weekly Trendline Support 41.19
50 Day Moving Average 40.50
Lower Bollinger Band 40.38
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Equipment 81
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 44.01
High Date 03/08/2024
Low 41.30
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 44.36
Support 41.19
Low 37.87
Low Date 01/24/2024
High 44.01
High Date 03/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 31.01
Low Date 10/16/2023
High 44.01
High Date 03/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.32
High Date 04/23/2021
Low 31.01
Low Date 10/16/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 81.63
Support 23.36
High 95.19
High Date 04/20/2020
Low 31.01
Low Date 10/16/2023
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.