The Greedy Trader Weekly Analysis
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Monthly Price vs. Fibonacci:Near 23.6% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 5/10/2024 -
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Boston Scientific (BSX) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionBroken uptrend resistance line - uptrend exhaustionRelative Strength Index is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic and MACD bearish divergence
Daily :Williams' Percentage Range is strongly overbought
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It was a first positive week for the Boston Scientific (BSX). During the week, the BSX gained 0.83 points, or 1.14%, and closed at 73.69 on Friday, May 10, 2024. Weekly volume was -32% below average.

Long-term trend: [See BSX long-term trend chart]
A long-term uptrend had started on July 26, 2012 at 4.79 and reached 74.39 on April 24, 2024. BSX gained -69.60 points, or -1453.03%, in 612 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (38.62) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a long-term trend.

Medium-term trend: [See BSX medium-term trend chart]
A medium-term uptrend had started on June 16, 2022 at 34.98 and reached 74.39 on April 24, 2024. BSX gained -39.41 points, or -112.66%, in 96 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (54.20) is broken, while daily and weekly technical indicators are overbought. Uptrend 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See BSX weekly technical indicators chart]
Weekly Relative Strength Index is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish 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 above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. 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 April 22, 2024 at 66.80 and reached 74.39 on April 24, 2024. BSX gained -7.59 points, or -11.36%, in 2 days. The price is now at the 9.22% retracement level.

Daily Technical Indicators: [See BSX daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.

The daily MACD line is above its signal line since April 23, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.29
Williams' Percentage Range (W%R) 2.50
Strong Overbought
Lane's Stochastic (%D-Slow) 76.70
Greed/Fear Indicator (GFI) 82.83
Overbought
Moving Average Converg./Diverg. (MACD) 1.32
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 80.54
Overbought
Williams' Percentage Range (W%R) 1.00
Strong Overbought
Lane's Stochastic (%D-Slow) 79.97
Bearish
Greed/Fear Indicator (GFI) 79.99
Moving Average Converg./Diverg. (MACD) 3.87 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 76.41
Daily Stochastic Crossing 73.78
Price 73.69
Weekly Stochastic Crossing 72.52
Monthly Trendline Resistance 71.95
Parabolic System 71.70
20 Day Moving Average 71.13
Monthly Trendline Support 69.12
50 Day Moving Average 69.05
Lower Bollinger Band 66.62
Quarterly Trendline Resistance 62.00
Sector and Industry
Description Name Rank
Sector Health Care 3
Industry Health Care Equipment 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 70.97
Low Date 05/02/2024
High 74.30
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 66.80
Low Date 04/22/2024
High 74.39
High Date 04/24/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 71.95
Support 69.12
Low 48.35
Low Date 10/13/2023
High 74.39
High Date 04/24/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 62.00
Support 54.20
Low 34.98
Low Date 06/16/2022
High 74.39
High Date 04/24/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 48.28
Support 38.62
Low 4.79
Low Date 07/26/2012
High 74.39
High Date 04/24/2024
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.