BAXTER INTERNATIONAL INC (BAX) Stock Technical Analysis
NYSE:BAX - New York Stock Exchange, Inc. - US0718131099 - Common Stock - Currency: USD
Overall BAX gets a technical rating of 0 out of 10. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BAX is a bad performer in the overall market: 94% of all stocks are doing better.
BAX is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 72% are performing better than BAX.
BAX is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so BAX is lagging the market.
In the last month BAX has a been trading in the 21.33 - 31.15 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
BAX has an average volume of 5482960 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of BAX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
21.74
34.00
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 28.63 to 28.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 29.51 to 29.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @31.17 from a horizontal line in the daily time frame.
- Resistance @31.88 from a horizontal line in the daily time frame.
- Resistance @33.66 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 | 6.68 | NEGATIVE | BAX has a low relative strength, it was outperformed by 93.32% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BAX is below a declining 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) | 21.49 | OVERSOLD | The low RSI value suggests BAX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.59 | NEGATIVE | The MACD value suggests BAX has a negative trend. |
| Stochastics (14,3) | 14.47 | OVERSOLD | The low Stochastics value suggests BAX may be oversold. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for BAX suggests high volalility. |
| Average Directional Index/ADX (14) | 25.96 | POSITIVE | The high ADX value value for BAX suggests a strong 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)
21.96
+0.2 (+0.92%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.92%
1 Week-24.85%
2 Weeks-20.92%
1 Month-29.18%
3 Month-28.49%
6 Month-32.56%
12 Month-37.74%
2 Year-45.91%
3 Year-61.78%
5 Year-74.78%
10 Year-42.89%
15 Year-5.04%
Volatility
ATR(14)1.21
ATR(20)%5.49%
ATR Inc383.53%
Range Today1.03
ADR(20)0.98
ADR(20)%4.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.68
Mansfield-3.7
10 Day High29.35
10 Day Low21.33
20 Day High31.15
20 Day Low21.33
52 Week High40.49
52 Week Low21.33
CS1 EndN/A
CR1 Start28.63
Volume & EV
DER(3)-1.28%
DER(5)-3.23%
Volume22.65M
Volume Incr275.03%
Vol(5)18.26M
Vol(50)5.48M