BAXTER INTERNATIONAL INC (BAX) Stock Technical Analysis
NYSE:BAX - New York Stock Exchange, Inc. - US0718131099 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BAX. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
77% of all other stocks performed better in the past year than BAX.
In the last month BAX has a been trading in the 29.16 - 31.75 range, which is quite wide. It is currently trading near the high of this range.
BAX has an average volume of 4338450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BAX is an average performer in the Health Care Equipment & Supplies industry, it outperforms 56% of 188 stocks in the same industry.
BAX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BAX is lagging the market.
BAX has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
27.52
36.47
3 important support areas can be observed.
- A support zone ranging from 29.88 to 31.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @28.63 from a horizontal line in the daily time frame.
- A support zone ranging from 27.80 to 27.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 31.73 to 31.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 34.19 to 34.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 35.75 to 36.11. This zone is formed by a combination of multiple trend lines in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for BAX is neutral. |
| ChartMill Relative Strength | 23.84 | NEGATIVE | BAX has a low relative strength, it was outperformed by 76.16% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of BAX is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of BAX is above 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) | 58.87 | NEUTRAL | The RSI value for BAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests BAX has a positive trend. |
| Stochastics (14,3) | 70.76 | NEUTRAL | The Stochastics value for BAX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for BAX suggests some volalility. |
| Average Directional Index/ADX (14) | 12.93 | NEGATIVE | The low ADX value for BAX suggests a weak or negative trend. |
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)
31.72
+0.87 (+2.82%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.82%
1 Week5.42%
2 Weeks2.75%
1 Month-0.5%
3 Month-8.3%
6 Month4.62%
12 Month-6.1%
2 Year-30.38%
3 Year-50.61%
5 Year-63.16%
10 Year-16.54%
15 Year43.61%
Volatility
ATR(14)0.79
ATR(20)%2.49%
ATR Inc31.44%
Range Today0.78
ADR(20)0.75
ADR(20)%2.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.84
Mansfield-1.01
10 Day High31.75
10 Day Low29.16
20 Day High31.75
20 Day Low29.16
52 Week High40.49
52 Week Low26.25
CS1 End31.02
CR1 Start31.73
Volume & EV
DER(3)0.96%
DER(5)-0.46%
Volume4.69M
Volume Incr2.63%
Vol(5)3.55M
Vol(50)4.34M