The Greedy Trader Weekly Analysis
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Education Services Industry Stocks Technical Analysis - BXP

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- 5/10/2024 -
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Boston Properties (BXP) Technical Analysis

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Summary:
Weekly :
Daily :The price moved above the moving average in the center of the Bollinger Bands
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It was a first positive week for the Boston Properties (BXP). During the week, the BXP gained 0.72 points, or 1.18%, and closed at 61.50 on Friday, May 10, 2024. Weekly volume was -51% below average.

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 38.66 and resistance is at 114.22. 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 Broadening Ascending Wedge chart pattern. The trend support level is at 54.05 and resistance is at 78.43. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge 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. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See BXP short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 56.80 and reached 62.54 on May 3, 2024. BXP gained -5.74 points, or -10.11%, in 2 days. The price is now at the 18.12% retracement level.

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

The daily MACD line is above its signal line since April 22, 2024. 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 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) 50.61
Williams' Percentage Range (W%R) 33.80
Lane's Stochastic (%D-Slow) 64.14
Greed/Fear Indicator (GFI) 60.31
Moving Average Converg./Diverg. (MACD) -0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.90
Williams' Percentage Range (W%R) 70.40
Lane's Stochastic (%D-Slow) 34.60
Greed/Fear Indicator (GFI) 37.64
Moving Average Converg./Diverg. (MACD) 0.30
Trading Signals
Description Value Chart
Upper Bollinger Band 64.31
Parabolic System 62.66
50 Day Moving Average 62.27
Price 61.50
20 Day Moving Average 60.72
Weekly Stochastic Crossing 60.48
Daily Stochastic Crossing 60.39
Monthly Trendline Resistance 60.23
Lower Bollinger Band 58.19
Monthly Trendline Support 56.29
Quarterly Trendline Support 54.05
Sector and Industry
Description Name Rank
Sector Real Estate 5
Industry Office REITs 43
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 59.85
Low Date 05/08/2024
High 61.66
High Date 05/10/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 56.80
Low Date 05/01/2024
High 62.54
High Date 05/03/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 60.23
Support 56.29
High 73.97
High Date 12/14/2023
Low 56.80
Low Date 05/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 78.43
Support 54.05
Low 46.18
Low Date 03/24/2023
High 73.97
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 114.22
Support 38.66
High 147.83
High Date 02/19/2020
Low 46.18
Low Date 03/24/2023
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.