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- 4/19/2024 -
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Boston Properties (BXP) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Boston Properties (BXP). During the week, the BXP gave back -0.41 points, or -0.68%, and closed at 60.20 on Friday, April 19, 2024. Weekly volume was -14% below average.
BXP is a member of Real Estate Sector. Real Estate is the second 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 BXP long-term trend chart]
A long-term downtrend had started on February 19, 2020 at 147.83 and reached 46.18 on March 24, 2023. BXP lost 101.65 points, or 68.76%, in 161 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 39.15 and resistance is at 114.71. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.
 Medium-term trend: [See BXP medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 46.18 and reached 73.97 on December 14, 2023. BXP gained -27.79 points, or -60.18%, in 37 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 56.76 and resistance is at 77.79. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See BXP weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 23, 2024. Use the following link to access a MACD help.
 Short-term trend: [See BXP short-term trend chart]
A short-term downtrend had started on December 14, 2023 at 73.97 and reached 57.06 on April 16, 2024. BXP lost 16.91 points, or 22.86%, in 124 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 48.27 and resistance is at 61.64. 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 short-term trend.
 Daily Technical Indicators: [See BXP daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily 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.
The daily MACD line is below its signal line since April 11, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
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