The Greedy Trader Weekly Analysis
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Weekly W%R:> 90
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 5/31/2024 -
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Baxter International Inc. (BAX) Technical Analysis

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Summary:
Weekly :Oversold sectorWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 4 consecutive negative weeks for the Baxter International Inc. (BAX). During the week, the BAX climbed 0.19 points, or 0.56%, and closed at 34.09 on Friday, May 31, 2024. BAX was trading at average weekly trading volume.

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 April 20, 2020 at 95.19 and reached 31.01 on October 16, 2023. BAX lost 64.18 points, or 67.42%, in 182 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 21.48 and resistance is at 67.28. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See BAX medium-term trend chart]
A medium-term uptrend had started on October 16, 2023 at 31.01 and reached 44.01 on March 8, 2024. BAX gained -13.00 points, or -41.92%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (46.43) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. BAX may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.

Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). 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 weekly MACD line is below its signal line since April 26, 2024. The distance between MACD and the signal line is relatively high and getting bigger. 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 April 23, 2024 at 41.18 and reached 33.00 on May 30, 2024. BAX lost 8.18 points, or 19.86%, in 37 days. The chart has formed a Broadening Descending Wedge chart pattern.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 29.70
Williams' Percentage Range (W%R) 94.80
Strong Oversold
Lane's Stochastic (%D-Slow) 19.31
Oversold
Greed/Fear Indicator (GFI) 18.07
Oversold
Moving Average Converg./Diverg. (MACD) -1.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 25.56
Williams' Percentage Range (W%R) 97.90
Strong Oversold
Lane's Stochastic (%D-Slow) 6.57
Strong Oversold
Greed/Fear Indicator (GFI) 13.60
Oversold
Moving Average Converg./Diverg. (MACD) -0.08
Trading Signals
Description Value Chart
50 Day Moving Average 38.72
Upper Bollinger Band 37.39
20 Day Moving Average 34.99
Price 34.09
Daily Stochastic Crossing 33.43
Lower Bollinger Band 33.36
Weekly Stochastic Crossing 33.31
Parabolic System 32.97
Sector and Industry
Description Name Rank
Sector Health Care 2
Industry Health Care Equipment 43
Daily Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
High 41.18
High Date 04/23/2024
Low 33.00
Low Date 05/30/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 43.99
High Date 04/01/2024
Low 33.00
Low Date 05/30/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.01
High Date 03/08/2024
Low 33.00
Low Date 05/30/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 45.64
Support 46.43
Low 31.01
Low Date 10/16/2023
High 44.01
High Date 03/08/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 67.28
Support 21.48
High 95.19
High Date 04/20/2020
Low 31.01
Low Date 10/16/2023
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.