BAUSCH HEALTH COS INC (BHC) Stock Technical Analysis
NYSE:BHC - New York Stock Exchange, Inc. - CA0717341071 - Common Stock - Currency: USD
Overall BHC gets a technical rating of 4 out of 10. BHC has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
BHC is currently trading in the lower part 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.
In the last month BHC has a been trading in the 5.50 - 7.10 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BHC has an average volume of 2040350 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, BHC turns out to be only a medium performer in the overall market: it outperformed 51% of all stocks.
BHC is part of the Pharmaceuticals industry. There are 194 other stocks in this industry, BHC did better than 62% of them.
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 downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
4.61
8.83
When analyzing the support we notice one important area.
- A support zone ranging from 4.66 to 4.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 6.75 to 6.78. 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 @8.74 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 | NEUTRAL | NEUTRAL | The short term trend for BHC is neutral. |
| ChartMill Relative Strength | 51.16 | NEUTRAL | BHC is not amongst the best or worst performers 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) | UP | MIXED | The current price of BHC is below 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) | 35.36 | NEUTRAL | The RSI value for BHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests BHC has a negative trend. |
| Stochastics (14,3) | 18.63 | OVERSOLD | The low Stochastics value suggests BHC may be oversold. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for BHC suggests some volalility. |
| Average Directional Index/ADX (14) | 30.21 | 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)
5.71
-0.18 (-3.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg-3.06%
1 Week-15.66%
2 Weeks-9.51%
1 Month-19.12%
3 Month5.35%
6 Month-23.15%
12 Month1.42%
2 Year-31.53%
3 Year-4.36%
5 Year-65.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%4.74%
ATR Inc146.99%
Range Today0.22
ADR(20)0.25
ADR(20)%4.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.16
Mansfield-2.09
10 Day High7.1
10 Day Low5.5
20 Day High7.1
20 Day Low5.5
52 Week High9.85
52 Week Low4.25
CS1 End4.67
CR1 Start6.75
Volume & EV
DER(3)-1.14%
DER(5)1.83%
Volume1.34M
Volume Incr40.4%
Vol(5)2.11M
Vol(50)2.04M