The Greedy Trader Weekly Analysis
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Becton, Dickinson
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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Bearish Doji Star CandlestickBroken trend resistance lineStochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week after 5 consecutive negative weeks for the Becton, Dickinson (BDX). During the week, the BDX gained 6.58 points, or 2.87%, and closed at 235.58 on Friday, November 02, 2018. It was the best weekly gain since June 8, 2018. BDX was trading at average weekly trading volume.

BDX 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 BDX long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 69.59 and reached 265.87 on October 1, 2018. BDX gained -196.28 points, or -282.05%, in 364 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (202.49) 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 BDX medium-term trend chart]
A medium-term uptrend had started on June 4, 2012 at 71.56 and reached 265.87 on October 1, 2018. BDX gained -194.31 points, or -271.53%, in 330 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (210.56) 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 medium-term trend.

Weekly Technical Indicators: [See BDX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 5, 2018. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.

Short-term trend: [See BDX short-term trend chart]
A short-term downtrend had started on October 1, 2018 at 265.87 and reached 225.34 on October 29, 2018. BDX lost 40.53 points, or 15.24%, in 28 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (221.42) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.

Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily technical indicators are neutral. 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. 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 Lane's Stochastic help.

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

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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.

Candlestick pattern: [See BDX candlestick chart pattern]
On Friday the chart has formed a Bearish Doji Star Candlestick pattern. A Bearish Doji Star Pattern occurs in an uptrend and shows that buyers are now losing the control and market is moving to a deadlock between buyers and sellers. The reliability of the Bearish Doji Star pattern is moderate. Use the Technical Stock Screener to see the list of stocks that had a Bearish Doji Star Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.46
Williams' Percentage Range (W%R) 64.30
Lane's Stochastic (%D-Slow) 43.91
Greed/Fear Indicator (GFI) 42.01
Moving Average Converg./Diverg. (MACD) -6.02
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.79
Williams' Percentage Range (W%R) 74.70
Lane's Stochastic (%D-Slow) 24.00
Greed/Fear Indicator (GFI) 30.98
Moving Average Converg./Diverg. (MACD) 6.90
Trading Signals
Description Value Chart
Upper Bollinger Band 251.92
50 Day Moving Average 250.32
20 Day Moving Average 237.20
Price 235.58
Daily Stochastic Crossing 231.71
Weekly Stochastic Crossing 230.33
Parabolic System 226.22
Weekly Trendline Resistance 225.33
Lower Bollinger Band 224.46
Weekly Trendline Support 221.42
Quarterly Trendline Resistance 214.50
Quarterly Trendline Support 210.56
Yearly Trendline Resistance 208.66
Yearly Trendline Support 202.49
Sector and Industry
Description Name Rank
Sector Healthcare 9
Industry Medical Instruments/Supls 76
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 225.34
Low Date 10/29/2018
High 237.84
High Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 225.33
Support 221.42
High 265.87
High Date 10/01/2018
Low 225.34
Low Date 10/29/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 209.91
Low Date 02/09/2018
High 265.87
High Date 10/01/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 214.50
Support 210.56
Low 71.56
Low Date 06/04/2012
High 265.87
High Date 10/01/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 208.66
Support 202.49
Low 69.59
Low Date 10/04/2011
High 265.87
High Date 10/01/2018
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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