BAXTER INTERNATIONAL INC (BAX) Stock Technical Analysis
USA - NYSE:BAX - US0718131099 - Common Stock
Taking everything into account, BAX scores 0 out of 10 in our technical rating. BAX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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.
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17.57
When analyzing the support we notice one important area.
- A support zone ranging from 17.75 to 18.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 18.71 to 18.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 21.99 to 22.14. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.68 from a trend line in the daily time frame.
- A resistance zone ranging from 24.45 to 24.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @31.59 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 | 8.19 | NEGATIVE | BAX has a low relative strength, it was outperformed by 91.81% 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) | 32.4 | NEUTRAL | The RSI value for BAX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests BAX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 13.03 | OVERSOLD | The low Stochastics value suggests BAX may be oversold. |
| Average True Range in percent/ATR (20) | 3.85 | MEDIUM VOLATILITY | The ATR as a percentage value for BAX suggests some volalility. |
| Average Directional Index/ADX (14) | 34.79 | POSITIVE | The high ADX value value for BAX suggests a strong trend. |
18.7
+0.45 (+2.47%)
BAXTER INTERNATIONAL INC / BAX FAQ
What is the technical rating for BAX stock?
ChartMill assigns a technical rating of 0 / 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 32.4042. 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 18.24 and a resistance level at 18.71. Check the full technical report for our detailed analysis of BAX support and resistance levels.