BAUSCH HEALTH COS INC (BHC) Stock Technical Analysis
NYSE:BHC - New York Stock Exchange, Inc. - CA0717341071 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BHC. BHC 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.
91% of all other stocks performed better in the past year than BHC.
BHC is one of the lesser performing stocks in the Pharmaceuticals industry. 67% of 197 stocks in the same industry do better.
BHC is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BHC is lagging the market.
In the last month BHC has a been trading in the 4.41 - 5.59 range, which is quite wide. It is currently trading near the lows of this range.
BHC has an average volume of 2276040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
BHC has a poor technical rating and the quality of the setup is also not perfect 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
4.50
9.07
4 important resistance areas can be observed.
- A resistance zone ranging from 4.69 to 4.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.00 from a trend line in the daily time frame.
- Resistance @6.78 from a trend line in the daily time frame.
- Resistance @8.98 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 BHC is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BHC is down. |
| ChartMill Relative Strength | 9.77 | NEGATIVE | BHC has a low relative strength, it was outperformed by 90.23% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BHC is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BHC is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BHC is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 39.94 | NEUTRAL | The RSI value for BHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BHC has a positive trend. |
| Stochastics (14,3) | 22.02 | NEUTRAL | The Stochastics value for BHC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.93 | MEDIUM VOLATILITY | The ATR as a percentage value for BHC suggests some volalility. |
| Average Directional Index/ADX (14) | 22.26 | NEUTRAL | The ADX value for BHC suggests a possible start of a new 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)
4.55
-0.04 (-0.87%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-0.87%
1 Week-2.78%
2 Weeks-2.57%
1 Month-17.42%
3 Month-38.84%
6 Month-45.64%
12 Month-30.64%
2 Year-44.58%
3 Year-53.19%
5 Year-75.38%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.17
ATR(20)%4.93%
ATR Inc-12.4%
Range Today0.09
ADR(20)0.2
ADR(20)%4.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.77
Mansfield-3.55
10 Day High4.79
10 Day Low4.41
20 Day High5.6
20 Day Low4.41
52 Week High9.85
52 Week Low3.96
CS1 EndN/A
CR1 Start4.69
Volume & EV
DER(3)-1.56%
DER(5)-4.01%
Volume899.10K
Volume Incr-48.01%
Vol(5)971.16K
Vol(50)2.28M