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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- 7/31/2026 -
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Boston Scientific (BSX) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are oversoldWeekly  MACD line has moved above its signal line
Daily :The price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Boston Scientific (BSX). During the week, the BSX gained 2.48 points, or 5.60%, and closed at 46.73 on Friday, July 31, 2026. It was the best weekly gain since May 22, 2026. Weekly volume was 104% 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 November 13, 2025 at 105.65 and reached 42.20 on July 15, 2026. BSX lost 63.45 points, or 60.06%, in 34 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 38.15 and resistance is at 82.93. 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See BSX medium-term trend chart]
A medium-term uptrend had started on July 15, 2026 at 42.20 and reached 47.16 on July 28, 2026. BSX gained -4.96 points, or -11.75%, in 1 weeks. The price is now at the 8.67% 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. 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 July 23, 2026 at 42.50 and reached 47.16 on July 28, 2026. BSX gained -4.66 points, or -10.96%, in 5 days. The price is now at the 9.23% retracement level.

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

The daily MACD line is above its signal line since June 22, 2026. 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 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.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.90
Williams' Percentage Range (W%R) 26.50
Lane's Stochastic (%D-Slow) 79.78
Greed/Fear Indicator (GFI) 71.38
Moving Average Converg./Diverg. (MACD) -0.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.93
Williams' Percentage Range (W%R) 87.80
Oversold
Lane's Stochastic (%D-Slow) 14.20
Oversold
Greed/Fear Indicator (GFI) 22.30
Moving Average Converg./Diverg. (MACD) -10.65
Trading Signals
Description Value Chart
Upper Bollinger Band 47.34
Price 46.73
50 Day Moving Average 46.61
Daily Stochastic Crossing 46.21
20 Day Moving Average 44.58
Weekly Stochastic Crossing 43.50
Parabolic System 42.91
Lower Bollinger Band 42.84
Monthly Trendline Support 38.15
Sector and Industry
Description Name Rank
Sector Health Care 11
Industry Health Care Equipment 71
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 42.50
Low Date 07/23/2026
High 47.16
High Date 07/28/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.20
Low Date 07/15/2026
High 47.16
High Date 07/28/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 82.93
Support 38.15
High 105.65
High Date 11/13/2025
Low 42.20
Low Date 07/15/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 109.50
High Date 09/09/2025
Low 42.20
Low Date 07/15/2026
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.