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|It was the negative week for the Boston Scientific (BSX). During the week, the BSX dropped -0.43 points, or -1.13%, and closed at 37.73 on Friday, April 12, 2019. Weekly volume was -33% below average. |
BSX is a member of Healthcare Sector. Healthcare is the 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 BSX long-term trend chart]
A long-term uptrend had started on July 26, 2012 at 4.79 and reached 41.00 on March 4, 2019. BSX gained -36.21 points, or -755.95%, in 344 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (31.85) 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 BSX medium-term trend chart]
A medium-term uptrend had started on December 6, 2017 at 24.54 and reached 41.00 on March 4, 2019. BSX gained -16.46 points, or -67.07%, in 64 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 33.56 and resistance is at 41.44. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See BSX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 22, 2019. The distance between MACD and the signal line is low, but getting bigger. 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 March 25, 2019 at 37.10 and reached 39.00 on April 1, 2019. BSX gained -1.90 points, or -5.12%, in 7 days. The price is now at the 66.84% retracement level.
Daily Technical Indicators: [See BSX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 11, 2019. The distance between MACD and the signal line is low, but getting bigger.
A Parabolic SAR (stop and reversal) indicator (37.54) comes close to the price (37.73). It indicates that the trend is getting weaker. 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.
The price touches the lower Bollinger Band. The distance between the Bollinger Bands is falling, and it was 3.5% on Friday. It is 64.46% lower than one year average. It indicates the period of low volatility of the stock price. 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.