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Uptrend ExhaustionArchive
- 10/23/2026 -
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Boston Scientific (BSX) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a third consecutive positive week for the Boston Scientific (BSX). During the week, the BSX gained 1.30 points, or 2.93%, and closed at 45.69 on Friday, October 23, 2026. Weekly volume was -16% below 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 41.39 on October 8, 2026. BSX lost 68.11 points, or 62.20%, in 56 weeks. The price is now at the 6.31% retracement level.
 Medium-term trend: [See BSX medium-term trend chart]
A medium-term downtrend had started on August 14, 2026 at 52.99 and reached 41.39 on October 8, 2026. BSX lost 11.60 points, or 21.89%, in 7 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (40.26) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. BSX may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See BSX weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since July 24, 2026. 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 October 8, 2026 at 41.39 and reached 46.16 on October 23, 2026. BSX gained -4.77 points, or -11.52%, in 15 days. The price is now at the 9.85% retracement level.
 Daily Technical Indicators: [See BSX daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 9, 2026. 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. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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