The Greedy Trader Weekly Analysis
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Number of records: 10
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Boston Scientific
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Summary:
Weekly :Oversold sectorBroken trend resistance line
Daily :A Parabolic SAR indicator is above and near the priceThe price touches the lower Bollinger BandThe period of low volatility of the stock price
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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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.47
Williams' Percentage Range (W%R) 70.70
Lane's Stochastic (%D-Slow) 36.28
Greed/Fear Indicator (GFI) 39.02
Moving Average Converg./Diverg. (MACD) -0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.94
Williams' Percentage Range (W%R) 32.30
Lane's Stochastic (%D-Slow) 43.26
Greed/Fear Indicator (GFI) 54.61
Moving Average Converg./Diverg. (MACD) 1.19
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 41.44
50 Day Moving Average 39.03
Upper Bollinger Band 39.00
Monthly Trendline Support 38.37
Weekly Stochastic Crossing 38.36
Monthly Trendline Resistance 38.10
20 Day Moving Average 38.05
Daily Stochastic Crossing 37.96
Price 37.73
Lower Bollinger Band 37.67
Parabolic System 37.54
Yearly Trendline Resistance 34.77
Quarterly Trendline Support 33.56
Yearly Trendline Support 31.85
Sector and Industry
Description Name Rank
Sector Healthcare 1
Industry Medical Instruments/Supls 102
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 37.10
Low Date 03/25/2019
High 39.00
High Date 04/01/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 41.00
High Date 03/04/2019
Low 37.10
Low Date 03/25/2019
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 38.10
Support 38.37
Low 31.56
Low Date 12/24/2018
High 41.00
High Date 03/04/2019
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 41.44
Support 33.56
Low 24.54
Low Date 12/06/2017
High 41.00
High Date 03/04/2019
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 34.77
Support 31.85
Low 4.79
Low Date 07/26/2012
High 41.00
High Date 03/04/2019
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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