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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- 5/22/2026 -
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Boston Scientific (BSX) Technical Analysis

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Summary:
Weekly :Broken trend support lineOversold sectorWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal line
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week after 4 consecutive negative weeks for the Boston Scientific (BSX). During the week, the BSX gained 5.10 points, or 9.68%, and closed at 57.78 on Friday, May 22, 2026. Weekly volume was 39% above average.

BSX is a member of Health Care Sector. Health Care is the 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 BSX long-term trend chart]
A long-term downtrend had started on September 9, 2025 at 109.50 and reached 52.52 on May 15, 2026. BSX lost 56.98 points, or 52.04%, in 35 weeks. The chart has formed a Descending Triangle chart pattern. The downtrend support line (89.87) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 November 13, 2025 at 105.65 and reached 52.52 on May 15, 2026. BSX lost 53.13 points, or 50.29%, in 26 weeks. The price is now at the 9.90% retracement level.

Weekly Technical Indicators: [See BSX weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly 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 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 uptrend had started on May 15, 2026 at 52.52 and reached 58.51 on May 22, 2026. BSX gained -5.99 points, or -11.41%, in 7 days. The price is now at the 12.19% retracement level.

Daily Technical Indicators: [See BSX daily technical indicators chart]
Daily technical indicators are neutral. 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.

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.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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) 53.53
Williams' Percentage Range (W%R) 44.80
Lane's Stochastic (%D-Slow) 79.37
Greed/Fear Indicator (GFI) 62.69
Moving Average Converg./Diverg. (MACD) -2.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.26
Williams' Percentage Range (W%R) 89.50
Oversold
Lane's Stochastic (%D-Slow) 10.07
Oversold
Greed/Fear Indicator (GFI) 19.35
Oversold
Moving Average Converg./Diverg. (MACD) -8.96
Trading Signals
Description Value Chart
50 Day Moving Average 61.61
Upper Bollinger Band 60.91
Price 57.78
Daily Stochastic Crossing 57.56
20 Day Moving Average 56.00
Weekly Stochastic Crossing 53.98
Parabolic System 53.39
Lower Bollinger Band 53.27
Sector and Industry
Description Name Rank
Sector Health Care 1
Industry Health Care Equipment 18
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 52.52
Low Date 05/15/2026
High 58.51
High Date 05/22/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.90
High Date 01/08/2026
Low 52.52
Low Date 05/15/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 105.65
High Date 11/13/2025
Low 52.52
Low Date 05/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Broken Support
Resistance 91.82
Support 89.87
High 109.50
High Date 09/09/2025
Low 52.52
Low Date 05/15/2026
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.