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- 5/17/2024 -
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Baxter International Inc. (BAX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Baxter International Inc. (BAX). During the week, the BAX dropped -0.44 points, or -1.23%, and closed at 35.25 on Friday, May 17, 2024. BAX was trading at average weekly trading volume.
 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 22.02 and resistance is at 67.52. 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 chart has formed a Rising Wedge chart pattern. The uptrend support line (45.55) 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. BAX 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 medium-term trend.
 Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 26, 2024. 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 April 23, 2024 at 41.18 and reached 34.88 on May 17, 2024. BAX lost 6.30 points, or 15.30%, in 24 days. The price is now at the 5.87% retracement level.
 Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Relative Strength Index and Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Relative Strength Index help.
The daily MACD line is below its signal line since May 1, 2024. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands is 111.28% higher then one year average. It indicates the period of high volatility of the stock price. 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.
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