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- 4/26/2024 -
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Becton, Dickinson (BDX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Becton, Dickinson (BDX). During the week, the BDX dropped -2.57 points, or -1.10%, and closed at 231.55 on Friday, April 26, 2024. Weekly volume was -40% below average.
BDX is a member of Health Care Sector. Health Care 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 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 226.72 and resistance is at 271.96. 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 downtrend had started on January 9, 2024 at 249.89 and reached 229.40 on April 17, 2024. BDX lost 20.49 points, or 8.20%, in 14 weeks. The price is now at the 10.49% retracement level.
 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. The distance between MACD and the signal line is low and getting smaller. 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 March 28, 2024 at 248.42 and reached 229.40 on April 17, 2024. BDX lost 19.02 points, or 7.66%, in 20 days. The price is now at the 11.30% retracement level.
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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 9, 2024. This is an indication that the short-term trend is down.
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.
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