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S&P 500 Overbought StocksArchive
- 1/3/2025 -
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Becton, Dickinson (BDX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | During the week, the BDX has not change and closed at 228.50 on Friday, January 3, 2025. BDX was trading at average weekly trading volume.
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 14.22% retracement level.
 Medium-term trend: [See BDX medium-term trend chart]
A medium-term downtrend had started on September 3, 2024 at 244.98 and reached 218.80 on December 11, 2024. BDX lost 26.18 points, or 10.69%, in 14 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 216.34 and resistance is at 243.62. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See BDX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 8, 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 BDX short-term trend chart]
A short-term uptrend had started on December 11, 2024 at 218.80 and reached 231.70 on December 16, 2024. BDX gained -12.90 points, or -5.90%, in 5 days. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 226.63 and resistance is at 229.30. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a short-term trend.
Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 6, 2024. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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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