The Greedy Trader Weekly Analysis
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Uptrend Exhaustion

Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 7/2/2026 -
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Boston Scientific (BSX) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support line - Downtrend exhaustionWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineRelative Strength Index bullish divergence
Daily :Williams' Percentage Range is oversoldStochastic has raised above the signal lineThe price has risen above the Parabolic SAR
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It was a first positive week after 3 consecutive negative weeks for the Boston Scientific (BSX). During the week, the BSX gained 0.91 points, or 2.06%, and closed at 45.14 on Thursday, July 2, 2026. It was the best weekly gain since May 22, 2026. Weekly volume was 122% above average.

BSX is a member of Health Care Sector. Health Care is the most overbought 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 BSX long-term trend chart]
A long-term downtrend had started on September 9, 2025 at 109.50 and reached 42.25 on June 30, 2026. BSX lost 67.25 points, or 61.42%, in 42 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (89.73) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See BSX medium-term trend chart]
A medium-term downtrend had started on January 8, 2026 at 100.90 and reached 42.25 on June 30, 2026. BSX lost 58.65 points, or 58.13%, in 24 weeks. Price is near the trend low.

Weekly Technical Indicators: [See BSX 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. Weekly Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index 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 March 7, 2025. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BSX short-term trend chart]
A short-term downtrend had started on May 22, 2026 at 58.51 and reached 42.25 on June 30, 2026. BSX lost 16.26 points, or 27.79%, in 39 days. The price is now at the 17.77% retracement level.

Daily Technical Indicators: [See BSX daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

The daily MACD line is above its signal line since June 22, 2026. The distance between MACD and the signal line is low, but getting bigger.

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) 40.38
Williams' Percentage Range (W%R) 81.20
Oversold
Lane's Stochastic (%D-Slow) 24.94
Greed/Fear Indicator (GFI) 28.03
Moving Average Converg./Diverg. (MACD) -2.58
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.99
Bullish
Williams' Percentage Range (W%R) 95.70
Strong Oversold
Lane's Stochastic (%D-Slow) 4.21
Strong Oversold
Greed/Fear Indicator (GFI) 15.28
Oversold
Moving Average Converg./Diverg. (MACD) -10.40 Bullish
Trading Signals
Description Value Chart
50 Day Moving Average 51.60
Upper Bollinger Band 50.24
20 Day Moving Average 45.93
Price 45.14
Daily Stochastic Crossing 43.29
Weekly Stochastic Crossing 43.02
Lower Bollinger Band 42.26
Parabolic System 42.21
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Health Care Equipment 38
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 58.51
High Date 05/22/2026
Low 42.25
Low Date 06/30/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.90
High Date 01/08/2026
Low 42.25
Low Date 06/30/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.65
High Date 11/13/2025
Low 42.25
Low Date 06/30/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 89.08
Support 89.73
High 109.50
High Date 09/09/2025
Low 42.25
Low Date 06/30/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 4.79
Low Date 07/26/2012
High 109.50
High Date 09/09/2025
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.