BAXTER INTERNATIONAL INC (BAX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BAX - US0718131099 - Common Stock
Overall BAX gets a technical rating of 4 out of 10. Recently some decent action could be observed, but in the medium term time frame this is still negative. BAX was also a bad performer in the overall market in the last year.
- 88% of all other stocks performed better in the past year than BAX.
- BAX is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- BAX has an average volume of 8591640 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- BAX is an average performer in the Health Care Equipment & Supplies industry, it outperforms 40% of 185 stocks in the same industry.
- In the last month BAX has a been trading in the 18.65 - 21.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, BAX does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 19.98, a Stop Loss order could be placed below this zone.
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17.25
3 important support areas can be observed.
- A support zone ranging from 19.72 to 19.98. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 17.75 to 18.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.42 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @20.69 from a trend line in the daily time frame.
- A resistance zone ranging from 21.07 to 21.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @21.85 from a trend line in the weekly time frame.
- Resistance @30.34 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 | UP | POSITIVE | The short term trend for BAX is up. |
| ChartMill Relative Strength | 12.44 | NEGATIVE | BAX has a low relative strength, it was outperformed by 87.56% 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) | UP | POSITIVE | The current price of BAX is above the rising 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) | 54.64 | NEUTRAL | The RSI value for BAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BAX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 49.46 | NEUTRAL | The Stochastics value for BAX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for BAX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.47 | NEGATIVE | The low ADX value for BAX suggests a weak or negative trend. |
20.11
-0.26 (-1.28%)
BAXTER INTERNATIONAL INC / BAX FAQ
What is the technical rating for BAX stock?
ChartMill assigns a technical rating of 4 / 10 to BAX.
Can you provide the trend direction for BAXTER INTERNATIONAL INC?
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 54.6435. This indicates that the stock is currently neutral.
What is the MACD signal for BAX stock?
The MACD indicator for BAXTER INTERNATIONAL INC (BAX) has a value of 0.0216023, indicating a bearish trend.
What is the buy/sell signal for BAXTER INTERNATIONAL INC (BAX) stock?
The buy/sell signal for BAXTER INTERNATIONAL INC (BAX) is hold as the short term and long term trends are mixed.