BAXTER INTERNATIONAL INC (BAX) Stock Technical Analysis
NYSE:BAX - US0718131099 - Common Stock
24.54 USD
+0.69 (+2.89%)
24.7724 USD
+0.23 (+0.95%)
Taking everything into account, BAX scores 0 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
93% of all other stocks performed better in the past year than BAX.
BAX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 69% of 187 stocks in the same industry do better.
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 6932280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BAX has a been trading in the 21.33 - 29.35 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 bad, BAX does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 24.55. Right above this resistance zone may be a good entry point.
More info and screens
24.29
33.58
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 24.55 to 24.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 26.86 to 27.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 28.72 to 28.73. This zone is formed by a combination of multiple trend lines 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 @33.25 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 | 7.75 | NEGATIVE | BAX has a low relative strength, it was outperformed by 92.25% 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 | 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) | 45.01 | 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. |
| Stochastics (14,3) | 78.5 | NEUTRAL | The Stochastics value for BAX is a neutral value. |
| Average True Range in percent/ATR (20) | 4.35 | MEDIUM VOLATILITY | The ATR as a percentage value for BAX suggests some volalility. |
| Average Directional Index/ADX (14) | 30.86 | 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)
24.54
+0.69 (+2.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg2.89%
1 Week1.49%
2 Weeks3.59%
1 Month-16.02%
3 Month-18.53%
6 Month-27.44%
12 Month-34.63%
2 Year-39.56%
3 Year-57.29%
5 Year-71.82%
10 Year-36.18%
15 Year6.12%
Volatility
ATR(14)0.73
ATR(20)%4.35%
ATR Inc-21.01%
Range Today0.73
ADR(20)0.85
ADR(20)%3.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS7.75
Mansfield-3
10 Day High24.89
10 Day Low23.28
20 Day High29.35
20 Day Low21.33
52 Week High40.49
52 Week Low21.33
CS1 EndN/A
CR1 Start24.55
Volume & EV
DER(3)-2.46%
DER(5)0.76%
Volume6.49M
Volume Incr-40.37%
Vol(5)6.26M
Vol(50)6.93M