BAXTER INTERNATIONAL INC (BAX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BAX - US0718131099 - Common Stock
Taking everything into account, BAX scores 1 out of 10 in our technical rating. BAX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
BAX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 18.90. Right above this resistance zone may be a good entry point.
More info and screens
17.25
We found 1 important support area.
- Support @17.42 from a horizontal line in the daily time frame.
We can see 6 important resistance areas.
- A resistance zone ranging from 18.90 to 19.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 20.61 to 20.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.18 from a trend line in the daily time frame.
- A resistance zone ranging from 23.81 to 23.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @24.45 from a horizontal line in the daily time frame.
- Resistance @31.17 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for BAX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BAX is down. |
| ChartMill Relative Strength | 9.68 | NEGATIVE | BAX has a low relative strength, it was outperformed by 90.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BAX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BAX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BAX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.35 | NEUTRAL | The RSI value for BAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests BAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.61 | OVERBOUGHT | The high Stochastics value suggests BAX may be overbought. |
| Average True Range in percent/ATR (20) | 2.91 | MEDIUM VOLATILITY | The ATR as a percentage value for BAX suggests some volalility. |
| Average Directional Index/ADX (14) | 27.55 | POSITIVE | The high ADX value value for BAX suggests a strong trend. |
18.89
+0.05 (+0.27%)
BAXTER INTERNATIONAL INC / BAX FAQ
What is the technical rating for BAX stock?
ChartMill assigns a technical rating of 1 / 10 to BAX.
What is the current trend direction of BAXTER INTERNATIONAL INC (BAX) stock?
The current trend direction for BAXTER INTERNATIONAL INC (BAX) is Bearish.
What is the RSI signal for BAX stock?
BAXTER INTERNATIONAL INC (BAX) has an RSI value of 46.352. This indicates that the stock is currently neutral.
What is the short term momentum for BAX stock?
The short term momentum for BAXTER INTERNATIONAL INC (BAX) is negative.
What are the support and resistance levels for BAXTER INTERNATIONAL INC (BAX) stock?
BAXTER INTERNATIONAL INC (BAX) has a support level at 17.42 and a resistance level at 18.9. Check the full technical report for our detailed analysis of BAX support and resistance levels.