The Greedy Trader Weekly Analysis
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Becton, Dickinson
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Summary:
Weekly :Oversold sectorWeekly  MACD line has moved above its signal lineTrend resistance at 245.99
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
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It was the negative week for the Becton, Dickinson (BDX). During the week, the BDX dropped -5.21 points, or -2.11%, and closed at 242.21 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. Weekly volume was 8% above average.

BDX is a member of Healthcare Sector. Healthcare is the second 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 91.38 and resistance is at 275.73. 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 downtrend had started on October 1, 2018 at 265.87 and reached 208.62 on December 26, 2018. BDX lost 57.25 points, or 21.53%, in 12 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (245.99). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

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

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 February 5, 2019 at 254.00 and reached 237.75 on February 8, 2019. BDX lost 16.25 points, or 6.40%, in 3 days. The price is now at the 27.45% retracement level.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.25
Williams' Percentage Range (W%R) 48.20
Lane's Stochastic (%D-Slow) 34.49
Greed/Fear Indicator (GFI) 45.51
Moving Average Converg./Diverg. (MACD) 3.93
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.96
Williams' Percentage Range (W%R) 44.00
Lane's Stochastic (%D-Slow) 59.21
Greed/Fear Indicator (GFI) 54.97
Moving Average Converg./Diverg. (MACD) -1.26
Trading Signals
Description Value Chart
Yearly Trendline Resistance 275.73
Upper Bollinger Band 251.90
Parabolic System 249.05
Quarterly Trendline Resistance 245.99
Price 242.21
Daily Stochastic Crossing 241.54
20 Day Moving Average 240.03
Weekly Stochastic Crossing 238.75
50 Day Moving Average 233.87
Lower Bollinger Band 227.26
Sector and Industry
Description Name Rank
Sector Healthcare 2
Industry Medical Instruments/Supls 148
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 254.00
High Date 02/05/2019
Low 237.75
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 254.00
High Date 02/05/2019
Low 237.75
Low Date 02/08/2019
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 208.62
Low Date 12/26/2018
High 254.00
High Date 02/05/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 245.99
Support 193.73
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 275.73
Support 91.38
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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