The Greedy Trader Weekly Analysis
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Becton, Dickinson
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Summary:
Weekly :Williams' Percentage Range is strongly overboughtOversold sectorPrice is near the Fibonacci 23.6% retracement level
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed below the 50 Day Moving AverageThe 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 Becton, Dickinson (BDX). During the week, the BDX dropped -4.57 points, or -1.82%, and closed at 246.71 on Friday, April 12, 2019. BDX was trading at average weekly trading volume.

BDX 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 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 Broadening Ascending Wedge chart pattern. The trend support level is at 91.90 and resistance is at 280.60. 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 long-term trend.

Medium-term trend: [See BDX medium-term trend chart]
A medium-term uptrend had started on December 26, 2018 at 208.62 and reached 257.16 on March 15, 2019. BDX gained -48.54 points, or -23.27%, in 11 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See BDX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 above its signal line since February 1, 2019. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See BDX short-term trend chart]
A short-term uptrend had started on March 25, 2019 at 238.21 and reached 253.83 on April 10, 2019. BDX gained -15.62 points, or -6.56%, in 16 days. The price is now at the 45.58% retracement level.

Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help.

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 (244.93) comes close to the price (246.71). 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.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.13
Williams' Percentage Range (W%R) 7.80
Strong Overbought
Lane's Stochastic (%D-Slow) 55.05
Greed/Fear Indicator (GFI) 69.12
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.12
Williams' Percentage Range (W%R) 9.40
Strong Overbought
Lane's Stochastic (%D-Slow) 64.44
Greed/Fear Indicator (GFI) 70.32
Moving Average Converg./Diverg. (MACD) 1.71
Trading Signals
Description Value Chart
Yearly Trendline Resistance 280.60
Upper Bollinger Band 256.16
Daily Stochastic Crossing 250.16
Weekly Stochastic Crossing 249.23
50 Day Moving Average 248.06
20 Day Moving Average 247.87
Price 246.71
Parabolic System 244.93
Lower Bollinger Band 242.03
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Medical Instruments/Supls 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 238.21
Low Date 03/25/2019
High 253.83
High Date 04/10/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 257.16
High Date 03/15/2019
Low 238.21
Low Date 03/25/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 208.62
Low Date 12/26/2018
High 257.16
High Date 03/15/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 265.87
High Date 10/01/2018
Low 208.62
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 280.60
Support 91.90
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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