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- 5/17/2024 -
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Becton, Dickinson (BDX) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was a third positive week after 4 consecutive negative weeks for the Becton, Dickinson (BDX). During the week, the BDX climbed 0.63 points, or 0.27%, and closed at 236.30 on Friday, May 17, 2024. Weekly volume was -15% below average.
 Long-term trend: [See BDX long-term trend chart]
A long-term downtrend had started on July 24, 2023 at 287.32 and reached 229.40 on April 17, 2024. BDX lost 57.92 points, or 20.16%, in 38 weeks. The price is now at the 11.91% retracement level.
 Medium-term trend: [See BDX medium-term trend chart]
A medium-term downtrend had started on March 28, 2024 at 248.42 and reached 229.40 on April 17, 2024. BDX lost 19.02 points, or 7.66%, in 2 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 234.94 and resistance is at 240.92. 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 medium-term trend.
 Weekly Technical Indicators: [See BDX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 16, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 April 17, 2024 at 229.40 and reached 243.28 on May 2, 2024. BDX gained -13.88 points, or -6.05%, in 15 days. The price is now at the 50.29% retracement level.
Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 1, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
During the last week, the price has moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 3.62% on Friday. It is 50.21% lower than one year average. It indicates the period of low 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.
Price is close to the 50 Day Moving Average. 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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