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Advanced TA SearchArchive
- 6/7/2024 -
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Becton, Dickinson (BDX) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Becton, Dickinson (BDX). During the week, the BDX gained 8.66 points, or 3.73%, and closed at 240.63 on Friday, June 7, 2024. It was the best weekly gain since March 22, 2024. Weekly volume was 20% above average.
 Long-term trend: [See BDX long-term trend chart]
A long-term downtrend had started on July 24, 2023 at 287.32 and reached 224.00 on May 29, 2024. BDX lost 63.32 points, or 22.04%, in 44 weeks. The price is now at the 26.26% retracement level.
Medium-term trend: [See BDX medium-term trend chart]
A medium-term downtrend had started on January 9, 2024 at 249.89 and reached 224.00 on May 29, 2024. BDX lost 25.89 points, or 10.36%, in 20 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See BDX weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 May 2, 2024 at 243.28 and reached 224.00 on May 29, 2024. BDX lost 19.28 points, or 7.93%, in 27 days. The chart has formed a Falling Channel chart pattern.
 Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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