The Greedy Trader Weekly Analysis
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Archive
- 5/11/2018
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Boston Scientific
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Summary:
Weekly :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtRelative Strength Index and MACD bearish divergencePrice is near the Fibonacci 23.6% retracement level
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It was a seventh consecutive positive week for the Boston Scientific (BSX). During the week, the BSX gained 0.42 points, or 1.42%, and closed at 29.97 on Friday, May 11, 2018. Weekly volume was -26% below average.

Long-term trend: [See BSX long-term trend chart]
A long-term uptrend had started on July 26, 2012 at 4.79 and reached 30.41 on May 11, 2018. BSX gained -25.62 points, or -534.86%, in 302 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 28.17 and resistance is at 31.08. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.

Medium-term trend: [See BSX medium-term trend chart]
A medium-term uptrend had started on March 23, 2018 at 26.27 and reached 30.41 on May 11, 2018. BSX gained -4.14 points, or -15.76%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 29.59 and resistance is at 30.65. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BSX weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since March 2, 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 BSX short-term trend chart]
A short-term uptrend had started on May 1, 2018 at 28.71 and reached 30.41 on May 11, 2018. BSX gained -1.70 points, or -5.92%, in 10 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See BSX daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index and MACD have bearish divergence. Use the following links to access the Relative Strength Index and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since April 4, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.75
Bearish
Williams' Percentage Range (W%R) 11.20
Overbought
Lane's Stochastic (%D-Slow) 83.64
Overbought
Greed/Fear Indicator (GFI) 78.40
Moving Average Converg./Diverg. (MACD) 0.49 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.88
Williams' Percentage Range (W%R) 5.00
Strong Overbought
Lane's Stochastic (%D-Slow) 87.75
Overbought
Greed/Fear Indicator (GFI) 80.39
Overbought
Moving Average Converg./Diverg. (MACD) 0.23
Trading Signals
Description Value Chart
Yearly Trendline Resistance 31.08
Monthly Trendline Resistance 30.65
Upper Bollinger Band 30.21
Daily Stochastic Crossing 30.13
Weekly Stochastic Crossing 30.02
Price 29.97
Monthly Trendline Support 29.59
Parabolic System 29.35
20 Day Moving Average 29.30
Lower Bollinger Band 28.28
50 Day Moving Average 28.28
Yearly Trendline Support 28.17
Sector and Industry
Description Name Rank
Sector Healthcare 4
Industry Medical Instruments/Supls 129
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.71
Low Date 05/01/2018
High 30.41
High Date 05/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 28.71
Low Date 05/01/2018
High 30.41
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 30.65
Support 29.59
Low 26.27
Low Date 03/23/2018
High 30.41
High Date 05/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.54
Low Date 12/06/2017
High 30.41
High Date 05/11/2018
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 31.08
Support 28.17
Low 4.79
Low Date 07/26/2012
High 30.41
High Date 05/11/2018
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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