BOSTON SCIENTIFIC CORP (BSX)
US1011371077 - Common Stock
We assign a technical rating of 10 out of 10 to BSX. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, BSX is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, BSX did better than 89% of all other stocks. We also observe that the gains produced by BSX over the past year are nicely spread over this period.
BSX is part of the Health Care Equipment & Supplies industry. There are 192 other stocks in this industry. BSX outperforms 86% of them.
BSX is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month BSX has a been trading in the 71.82 - 76.25 range, which is quite wide. It is currently trading near the high of this range.
BSX has an average volume of 6155100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, BSX also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 75.63. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
52.38
76.61
When analyzing the support we can see 5 important areas.
- A support zone ranging from 71.07 to 71.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 67.33 to 67.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @66.21 from a horizontal line in the daily time frame.
- Support @56.11 from a trend line in the weekly time frame.
- Support @52.91 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 75.63 to 75.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.65
Mansfield1.44
10 Day High76.25
10 Day Low74.06
20 Day High76.25
20 Day Low71.82
52 Week High76.25
52 Week Low48.35
Performance
1 Week1.6%
2 Weeks1.37%
1 Month4.91%
3 Month12.57%
6 Month34.61%
12 Month45.83%
2 Year84.27%
3 Year77.6%
5 Year96.75%
10 Year489.01%
15 Year703.94%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.12
RSI(14)63.84
LBB73.19
UBB76.39
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 75.86 | 74.05 | 1.81 (2.39%) | 25.00% |
| An entry @75.86. This is a Buy Stop order right above the resistance zone. | An exit @74.05. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.81 points, which is 2.39%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BOSTON SCIENTIFIC CORP
NYSE:BSX (5/31/2024, 7:27:06 PM)
After market: 75.57 0 (0%)75.57
+0.57 (+0.76%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.76%
1 Week1.6%
2 Weeks1.37%
1 Month4.91%
3 Month12.57%
6 Month34.61%
12 Month45.83%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)1.08
ATR(20)%1.42%
ATR Inc
Range Today1.25
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High76.25
10 Day Low74.06
20 Day High76.25
20 Day Low71.82
52 Week High76.25
52 Week Low48.35
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume8.83M
Volume Incr-4.98%
Vol(5)5.96M
Vol(50)6.16M