The Greedy Trader Weekly Analysis
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- 12/20/2024 -
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Baxter International Inc. (BAX) Technical Analysis

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Summary:
Weekly :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Relative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldThe period of high volatility of the stock price
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It was the negative week for the Baxter International Inc. (BAX). During the week, the BAX dropped -0.82 points, or -2.70%, and closed at 29.50 on Friday, December 20, 2024. Weekly volume was 81% above average.

Long-term trend: [See BAX long-term trend chart]
A long-term downtrend had started on March 8, 2024 at 44.01 and reached 28.62 on December 19, 2024. BAX lost 15.39 points, or 34.97%, in 40 weeks. The price is now at the 5.72% retracement level.

Medium-term trend: [See BAX medium-term trend chart]
A medium-term downtrend had started on September 17, 2024 at 40.49 and reached 28.62 on December 19, 2024. BAX lost 11.87 points, or 29.32%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 28.96 and resistance is at 32.68. 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 Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 28.62 on December 19, 2024. BAX lost 5.19 points, or 15.35%, in 20 days. The price is now at the 16.96% retracement level.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic.

The daily MACD line is below its signal line since December 6, 2024. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 106.82% higher then one year average. It indicates the period of high 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) 15.03
Oversold
Williams' Percentage Range (W%R) 86.10
Oversold
Lane's Stochastic (%D-Slow) 9.13
Strong Oversold
Greed/Fear Indicator (GFI) 12.68
Oversold
Moving Average Converg./Diverg. (MACD) -1.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 17.24
Oversold
Williams' Percentage Range (W%R) 93.90
Strong Oversold
Lane's Stochastic (%D-Slow) 11.38
Oversold
Greed/Fear Indicator (GFI) 16.81
Oversold
Moving Average Converg./Diverg. (MACD) -0.80
Trading Signals
Description Value Chart
Upper Bollinger Band 34.55
50 Day Moving Average 33.77
Monthly Trendline Resistance 32.68
20 Day Moving Average 31.60
Parabolic System 30.51
Weekly Stochastic Crossing 29.54
Price 29.50
Monthly Trendline Support 28.96
Daily Stochastic Crossing 28.93
Lower Bollinger Band 28.02
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Health Care Equipment 40
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 28.62
Low Date 12/19/2024
High 29.99
High Date 12/20/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 33.81
High Date 11/29/2024
Low 28.62
Low Date 12/19/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 32.68
Support 28.96
High 40.49
High Date 09/17/2024
Low 28.62
Low Date 12/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.01
High Date 03/08/2024
Low 28.62
Low Date 12/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 95.19
High Date 04/20/2020
Low 28.62
Low Date 12/19/2024
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.