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 5 out of 10 in our technical rating. In the past year, BHC was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, BHC is a bad performer in the overall market: 80% of all stocks are doing better.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month BHC has a been trading in the 4.41 - 6.31 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
BHC has an average volume of 2557370 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BHC is an average performer in the Pharmaceuticals industry, it outperforms 50% of 195 stocks in the same industry.
BHC is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so BHC is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
BHC has an average technical rating and it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.49
8.99
We found 1 important support area.
- Support @4.54 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @6.56 from a trend line in the daily time frame.
- Resistance @8.90 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 | NEUTRAL | NEUTRAL | The long term trend for BHC is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BHC is up. |
| ChartMill Relative Strength | 20.58 | NEGATIVE | BHC has a low relative strength, it was outperformed by 79.42% 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) | UP | MIXED | The current price of BHC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.69 | OVERBOUGHT | The high RSI value suggests BHC may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.18 | POSITIVE | The MACD value suggests BHC has a positive trend. |
| Stochastics (14,3) | 87.67 | OVERBOUGHT | The high Stochastics value suggests BHC may be overbought. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for BHC suggests some volalility. |
| Average Directional Index/ADX (14) | 29.31 | 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)
6.18
+0.45 (+7.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg7.85%
1 Week15.95%
2 Weeks33.19%
1 Month32.05%
3 Month-13.69%
6 Month-17.27%
12 Month-9.12%
2 Year-22.75%
3 Year-26.08%
5 Year-66.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.28
ATR(20)%3.78%
ATR Inc86.12%
Range Today0.53
ADR(20)0.22
ADR(20)%3.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.58
Mansfield-1.27
10 Day High6.31
10 Day Low4.61
20 Day High6.31
20 Day Low4.41
52 Week High9.85
52 Week Low3.96
CS1 End4.54
CR1 Start6.56
Volume & EV
DER(3)5.66%
DER(5)5.39%
Volume4.65M
Volume Incr303.93%
Vol(5)5.54M
Vol(50)2.56M