The Greedy Trader Weekly Analysis
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Becton, Dickinson
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtStochastic has declined below the signal lineLane's Stochastic and MACD bearish divergenceBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support lineStochastic has declined below the signal lineDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe 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 -7.50 points, or -2.86%, and closed at 254.37 on Friday, September 07, 2018. It was the worst weekly loss since May 4, 2018. Weekly volume was -6% below average.

BDX is a member of Healthcare Sector. Healthcare is the second 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 263.37 on September 4, 2018. BDX gained -193.78 points, or -278.46%, in 361 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (199.39) 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 263.37 on September 4, 2018. BDX gained -191.81 points, or -268.04%, in 326 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (207.10) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD 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 Williams' Percentage Range help.

The weekly MACD line is above its signal line since June 15, 2018. This is an indication that the medium-term trend is up. 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 May 29, 2018 at 218.60 and reached 263.37 on September 4, 2018. BDX gained -44.77 points, or -20.48%, in 98 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (256.23) is broken. A broken support is considered to be a long-term bearish 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 support 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 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.

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

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) 53.14
Williams' Percentage Range (W%R) 56.20
Lane's Stochastic (%D-Slow) 50.98
Greed/Fear Indicator (GFI) 49.29
Moving Average Converg./Diverg. (MACD) 3.01
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.01
Williams' Percentage Range (W%R) 19.80
Overbought
Lane's Stochastic (%D-Slow) 88.77
Overbought Bearish
Greed/Fear Indicator (GFI) 76.97
Moving Average Converg./Diverg. (MACD) 7.55 Bearish
Trading Signals
Description Value Chart
Weekly Trendline Resistance 265.50
Upper Bollinger Band 262.78
Parabolic System 262.70
Weekly Stochastic Crossing 260.85
Daily Stochastic Crossing 257.63
Monthly Trendline Resistance 257.09
Weekly Trendline Support 256.23
20 Day Moving Average 254.80
Price 254.37
50 Day Moving Average 249.78
Lower Bollinger Band 247.13
Monthly Trendline Support 226.06
Quarterly Trendline Resistance 211.04
Quarterly Trendline Support 207.10
Yearly Trendline Resistance 205.56
Sector and Industry
Description Name Rank
Sector Healthcare 8
Industry Medical Instruments/Supls 71
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 239.80
Low Date 08/02/2018
High 263.37
High Date 09/04/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 265.50
Support 256.23
Low 218.60
Low Date 05/29/2018
High 263.37
High Date 09/04/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 257.09
Support 226.06
Low 209.91
Low Date 02/09/2018
High 263.37
High Date 09/04/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 211.04
Support 207.10
Low 71.56
Low Date 06/04/2012
High 263.37
High Date 09/04/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 205.56
Support 199.39
Low 69.59
Low Date 10/04/2011
High 263.37
High Date 09/04/2018
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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