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- 1/10/2025 -
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Becton, Dickinson (BDX) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a fifth positive week after 7 consecutive negative weeks for the Becton, Dickinson (BDX). During the week, the BDX gained 5.20 points, or 2.28%, and closed at 233.70 on Friday, January 10, 2025. Weekly volume was 48% above average.
 Long-term trend: [See BDX long-term trend chart]
A long-term downtrend had started on July 24, 2023 at 287.32 and reached 218.75 on July 10, 2024. BDX lost 68.57 points, or 23.87%, in 50 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See BDX medium-term trend chart]
A medium-term downtrend had started on September 3, 2024 at 244.98 and reached 218.80 on December 11, 2024. BDX lost 26.18 points, or 10.69%, in 14 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 215.68 and resistance is at 243.56. 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 Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See BDX weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 8, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See BDX short-term trend chart]
A short-term uptrend had started on December 19, 2024 at 222.80 and reached 236.30 on January 10, 2025. BDX gained -13.50 points, or -6.06%, in 22 days. The price is now at the 19.26% retracement level.
Daily Technical Indicators: [See BDX daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since December 6, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
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