BAUSCH HEALTH COS INC (BHC) Technical Analysis
NYSE:BHC • CA0717341071
Current stock price
BHC Technical Rating and Analysis
Taking everything into account, BHC scores 0 out of 10 in our technical rating. BHC'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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 87% of all other stocks performed better in the past year than BHC.
- BHC is one of the lesser performing stocks in the Pharmaceuticals industry. 63% of 193 stocks in the same industry do better.
- 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.
- BHC is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- BHC has an average volume of 2300290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BHC Weekly and Daily overview Charts
BHC Setup Rating and Analysis
Although the technical rating is bad, BHC does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 4.95, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BHC in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
BHC Support and Resistance Analysis
4.90
When analyzing the support we notice one important area.
- A support zone ranging from 4.95 to 4.95. This zone is formed by a combination of multiple trend lines in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 5.11 to 5.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.92 from a trend line in the weekly time frame.
- Resistance @7.22 from a trend line in the weekly time frame.
- A resistance zone ranging from 7.67 to 7.68. This zone is formed by a combination of multiple trend lines in the daily time frame.
BHC Technical Indicator Signal Analysis
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 | 13.02 | NEGATIVE | BHC has a low relative strength, it was outperformed by 86.98% 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) | UP | MIXED | The current price of BHC is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 35.71 | NEUTRAL | The RSI value for BHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BHC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.67 | OVERSOLD | The low Stochastics value suggests BHC may be oversold. |
| Average True Range in percent/ATR (20) | 4.12 | MEDIUM VOLATILITY | The ATR as a percentage value for BHC suggests some volalility. |
| Average Directional Index/ADX (14) | 37.61 | POSITIVE | The high ADX value value for BHC suggests a strong trend. |
BHC Chart- and CandleStick Pattern Analysis
BHC Technicals: Chart, Performance Metrics, Trend & Indicators
5.1
+0.09 (+1.8%)
BAUSCH HEALTH COS INC / BHC TA FAQ
What is the ChartMill technical rating of BAUSCH HEALTH COS INC (BHC) stock?
ChartMill assigns a technical rating of 0 / 10 to BHC.
Can you provide the trend direction for BAUSCH HEALTH COS INC?
The current trend direction for BAUSCH HEALTH COS INC (BHC) is Bearish.
Can you provide the RSI signal for BAUSCH HEALTH COS INC?
BAUSCH HEALTH COS INC (BHC) has an RSI value of 35.7066. This indicates that the stock is currently neutral.
What is the short term momentum for BHC stock?
The short term momentum for BAUSCH HEALTH COS INC (BHC) is negative.
What is the buy/sell signal for BAUSCH HEALTH COS INC (BHC) stock?
The buy/sell signal for BAUSCH HEALTH COS INC (BHC) is sell as both the short term and long term trends are negative.