The Greedy Trader Weekly Analysis
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Weekly Price vs. Fibonacci:Near 38.2% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 3/15/2024 -
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Becton, Dickinson (BDX) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldMACD bullish divergencePrice 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 -3.19 points, or -1.33%, and closed at 236.71 on Friday, March 15, 2024. Weekly volume was -7% below average.

Long-term trend: [See BDX long-term trend chart]
A long-term downtrend had started on February 5, 2020 at 286.72 and reached 197.75 on March 23, 2020. BDX lost 88.97 points, or 31.03%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 225.90 and resistance is at 272.36. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See BDX medium-term trend chart]
A medium-term uptrend had started on October 13, 2022 at 215.90 and reached 287.32 on July 24, 2023. BDX gained -71.42 points, or -33.08%, in 40 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (260.30) 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. BDX 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 BDX weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 16, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 23, 2024 at 246.60 and reached 232.18 on March 15, 2024. BDX lost 14.42 points, or 5.85%, in 21 days. The chart has formed a Symmetric Triangle chart pattern.

Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal.

The daily MACD line is below its signal line since February 27, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 37.81
Williams' Percentage Range (W%R) 100.00
Strong Oversold
Lane's Stochastic (%D-Slow) 54.05
Greed/Fear Indicator (GFI) 30.62
Moving Average Converg./Diverg. (MACD) -0.47 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.05
Williams' Percentage Range (W%R) 92.80
Strong Oversold
Lane's Stochastic (%D-Slow) 40.54
Greed/Fear Indicator (GFI) 32.43
Moving Average Converg./Diverg. (MACD) -4.81
Trading Signals
Description Value Chart
Yearly Trendline Resistance 272.36
Quarterly Trendline Support 260.30
Upper Bollinger Band 245.05
Parabolic System 242.20
20 Day Moving Average 239.09
50 Day Moving Average 238.71
Weekly Stochastic Crossing 237.64
Daily Stochastic Crossing 237.31
Price 236.71
Monthly Trendline Support 235.82
Monthly Trendline Resistance 235.17
Lower Bollinger Band 231.68
Yearly Trendline Support 225.90
Sector and Industry
Description Name Rank
Sector Health Care 6
Industry Health Care Equipment 81
Daily Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
High 246.60
High Date 02/23/2024
Low 232.18
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 232.70
Low Date 01/10/2024
High 246.60
High Date 02/23/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 235.17
Support 235.82
High 287.32
High Date 07/24/2023
Low 229.86
Low Date 11/09/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 316.45
Support 260.30
Low 215.90
Low Date 10/13/2022
High 287.32
High Date 07/24/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 272.36
Support 225.90
High 286.72
High Date 02/05/2020
Low 197.75
Low Date 03/23/2020
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.