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Downtrend ExhaustionArchive
- 12/13/2024 -
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Baxter International Inc. (BAX) Technical Analysis
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| Summary:
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| | It was the negative week for the Baxter International Inc. (BAX). During the week, the BAX dropped -1.48 points, or -4.65%, and closed at 30.32 on Friday, December 13, 2024. Weekly volume was 19% above average.
BAX 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 BAX long-term trend chart]
A long-term downtrend had started on March 8, 2024 at 44.01 and reached 30.06 on December 13, 2024. BAX lost 13.95 points, or 31.70%, in 40 weeks. Price is near the trend low.
 Medium-term trend: [See BAX medium-term trend chart]
A medium-term downtrend had started on September 17, 2024 at 40.49 and reached 30.06 on December 13, 2024. BAX lost 10.43 points, or 25.76%, in 12 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 29.50 and resistance is at 33.22. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. Weekly Relative Strength Index and Lane's Stochastic have bullish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index and Lane's Stochastic bullish 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 below its signal line since November 1, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See BAX short-term trend chart]
A short-term downtrend had started on November 29, 2024 at 33.81 and reached 30.06 on December 13, 2024. BAX lost 3.75 points, or 11.09%, in 14 days. The price is now at the 6.93% retracement level.
 Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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.
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