BAUSCH HEALTH COS INC (BHC) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BHC - CA0717341071 - Common Stock
6.82 USD
+0.02 (+0.29%)
6.82 USD
0 (0%)
We assign a technical rating of 6 out of 10 to BHC. BHC has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
When comparing the yearly performance of all stocks, BHC is a bad performer in the overall market: 77% of all stocks are doing better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
BHC has an average volume of 2532160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BHC is part of the Pharmaceuticals industry. There are 191 other stocks in this industry, BHC did better than 42% of them.
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 5.91 - 7.55 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BHC has an average technical rating and it also 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
5.83
7.82
When analyzing the support we can see 4 important areas.
- A support zone ranging from 6.46 to 6.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.16 to 6.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 6.01 to 6.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.89 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- Resistance @7.03 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.33 to 7.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @7.74 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 | UP | POSITIVE | The short term trend for BHC is up. |
| ChartMill Relative Strength | 23.11 | NEGATIVE | BHC has a low relative strength, it was outperformed by 76.89% 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 | MIXED | The current price of BHC is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.22 | NEUTRAL | The RSI value for BHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BHC has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.08 | NEUTRAL | The Stochastics value for BHC is a neutral value. |
| Average True Range in percent/ATR (20) | 4.4 | MEDIUM VOLATILITY | The ATR as a percentage value for BHC suggests some volalility. |
| Average Directional Index/ADX (14) | 24.23 | 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)
6.82
+0.02 (+0.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.29%
1 Week-3.26%
2 Weeks7.91%
1 Month0.15%
3 Month-6.06%
6 Month14.05%
12 Month-12.68%
2 Year-14.96%
3 Year8.6%
5 Year-67.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.31
ATR(20)%4.4%
ATR Inc-23.52%
Range Today0.22
ADR(20)0.28
ADR(20)%4.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS23.11
3 months CRS26.34
6 months CRS68.6
Mansfield-0.57
10 Day High7.55
10 Day Low6.14
20 Day High7.55
20 Day Low5.91
52 Week High8.69
52 Week Low4.25
CS1 End6.57
CR1 Start7.03
Volume & EV
DER(3)2.75%
DER(5)-1.63%
Volume1.07M
Volume Incr5.38%
Vol(5)3.04M
Vol(50)2.53M
BAUSCH HEALTH COS INC / BHC FAQ
What is the ChartMill technical rating of BAUSCH HEALTH COS INC (BHC) stock?
ChartMill assigns a technical rating of 6 / 10 to BHC.
What is the trend direction for BHC stock?
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 54.2178. 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 positive.