BAUSCH HEALTH COS INC (BHC) Stock Technical Analysis
NYSE:BHC - New York Stock Exchange, Inc. - CA0717341071 - Common Stock - Currency: USD
Taking everything into account, BHC scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, BHC is only an average performer.
The long and short term trends are both positive. This is looking good!
BHC is one of the better performing stocks in the Pharmaceuticals industry, it outperforms 71% of 195 stocks in the same industry.
BHC has an average volume of 2192190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, BHC did better than 74% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
BHC is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BHC is lagging the market.
In the last month BHC has a been trading in the 5.18 - 7.24 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although BHC has an excellent technical rating, it does not offer a high quality setup 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
4.54
8.91
We found 2 important support areas.
- A support zone ranging from 6.39 to 6.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.59 to 4.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.02 to 7.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.27 from a horizontal line in the daily time frame.
- Resistance @8.82 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 | UP | POSITIVE | The long term trend for BHC is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BHC is up. |
| ChartMill Relative Strength | 74.49 | POSITIVE | BHC has a high relative strength, it outperformed 74.49% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHC is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHC is above the rising 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) | 57.68 | NEUTRAL | The RSI value for BHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests BHC has a negative trend. |
| Stochastics (14,3) | 48.89 | 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) | 43.45 | POSITIVE | The high ADX value value for BHC 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)
6.42
-0.2 (-3.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.02%
1 Week-9.07%
2 Weeks0.16%
1 Month20.45%
3 Month48.61%
6 Month-18.53%
12 Month-13.48%
2 Year-33.88%
3 Year38.96%
5 Year-64.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%4.93%
ATR Inc-22.98%
Range Today0.17
ADR(20)0.31
ADR(20)%4.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.49
Mansfield-1.22
10 Day High7.24
10 Day Low6.38
20 Day High7.24
20 Day Low5.18
52 Week High9.85
52 Week Low3.96
CS1 End6.41
CR1 Start7.02
Volume & EV
DER(3)-3.02%
DER(5)-5.6%
Volume1.54M
Volume Incr-49.84%
Vol(5)1.54M
Vol(50)2.19M