The Greedy Trader Weekly Analysis
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Quarterly Price vs. Fibonacci:Near 23.6% 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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- 6/7/2024 -
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Boston Scientific (BSX) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overboughtMACD bearish divergence
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergenceThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a first positive week for the Boston Scientific (BSX). During the week, the BSX gained 1.54 points, or 2.04%, and closed at 77.11 on Friday, June 7, 2024. It was the best weekly gain since April 26, 2024. Weekly volume was -29% 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 77.56 on June 7, 2024. BSX gained -72.77 points, or -1519.21%, in 619 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (38.84) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 June 16, 2022 at 34.98 and reached 77.56 on June 7, 2024. BSX gained -42.58 points, or -121.73%, in 103 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (54.97) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

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

The weekly MACD line is above its signal line since November 17, 2023. 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 23, 2024 at 74.29 and reached 77.56 on June 7, 2024. BSX gained -3.27 points, or -4.40%, in 15 days. The price is now at the 13.76% retracement 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 Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is below its signal line since May 22, 2024. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 68.81
Williams' Percentage Range (W%R) 18.30
Overbought
Lane's Stochastic (%D-Slow) 81.47
Overbought Bearish
Greed/Fear Indicator (GFI) 77.33
Moving Average Converg./Diverg. (MACD) 1.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 81.11
Overbought
Williams' Percentage Range (W%R) 5.40
Strong Overbought
Lane's Stochastic (%D-Slow) 90.91
Strong Overbought
Greed/Fear Indicator (GFI) 84.07
Overbought
Moving Average Converg./Diverg. (MACD) 4.28 Bearish
Trading Signals
Description Value Chart
Daily Stochastic Crossing 77.13
Price 77.11
Upper Bollinger Band 76.80
Weekly Stochastic Crossing 76.72
20 Day Moving Average 75.07
Monthly Trendline Resistance 74.69
Parabolic System 74.65
Lower Bollinger Band 72.93
50 Day Moving Average 72.03
Monthly Trendline Support 71.86
Quarterly Trendline Resistance 62.77
Sector and Industry
Description Name Rank
Sector Health Care 5
Industry Health Care Equipment 58
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 74.29
Low Date 05/23/2024
High 77.56
High Date 06/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.80
Low Date 04/22/2024
High 77.56
High Date 06/07/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 74.69
Support 71.86
Low 48.35
Low Date 10/13/2023
High 77.56
High Date 06/07/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 62.77
Support 54.97
Low 34.98
Low Date 06/16/2022
High 77.56
High Date 06/07/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 48.30
Support 38.84
Low 4.79
Low Date 07/26/2012
High 77.56
High Date 06/07/2024
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.