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Health Care Equipment Industry Stocks Technical Analysis - BDX

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- 11/8/2024 -
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Becton, Dickinson (BDX) Technical Analysis

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Summary:
Weekly :Oversold sector
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
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It was the negative week for the Becton, Dickinson (BDX). During the week, the BDX dropped -3.60 points, or -1.53%, and closed at 231.60 on Friday, November 8, 2024. Weekly volume was 90% above average.

BDX is a member of Health Care Sector. Health Care is the second 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 BDX long-term trend chart]
A long-term downtrend had started on July 24, 2023 at 287.32 and reached 218.75 on July 10, 2024. BDX lost 68.57 points, or 23.87%, in 50 weeks. The price is now at the 18.74% retracement level.

Medium-term trend: [See BDX medium-term trend chart]
A medium-term uptrend had started on July 10, 2024 at 218.75 and reached 244.98 on September 3, 2024. BDX gained -26.23 points, or -11.99%, in 7 weeks. The price is now at the 51.01% retracement level.

Weekly Technical Indicators: [See BDX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since July 19, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 October 15, 2024 at 244.50 and reached 226.30 on November 8, 2024. BDX lost 18.20 points, or 7.44%, in 24 days. The price is now at the 29.12% retracement level.

Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The daily MACD line is below its signal line since October 23, 2024. This is an indication that the short-term trend is down.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.57
Williams' Percentage Range (W%R) 86.80
Oversold
Lane's Stochastic (%D-Slow) 34.87
Greed/Fear Indicator (GFI) 28.54
Moving Average Converg./Diverg. (MACD) -0.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.96
Williams' Percentage Range (W%R) 62.10
Lane's Stochastic (%D-Slow) 54.46
Greed/Fear Indicator (GFI) 47.11
Moving Average Converg./Diverg. (MACD) -0.48
Trading Signals
Description Value Chart
Upper Bollinger Band 243.89
Parabolic System 243.81
20 Day Moving Average 237.79
50 Day Moving Average 237.05
Weekly Stochastic Crossing 236.46
Daily Stochastic Crossing 233.36
Price 231.60
Lower Bollinger Band 228.77
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Equipment 33
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 244.30
High Date 11/06/2024
Low 226.30
Low Date 11/08/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 244.50
High Date 10/15/2024
Low 226.30
Low Date 11/08/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 218.75
Low Date 07/10/2024
High 244.98
High Date 09/03/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 287.32
High Date 07/24/2023
Low 218.75
Low Date 07/10/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 286.72
High Date 02/05/2020
Low 197.75
Low Date 03/23/2020
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.