BAUSCH HEALTH COS INC (BHC) Stock Technical Analysis
USA - NYSE:BHC - CA0717341071 - Common Stock
6.05 USD
+0.04 (+0.67%)
6 USD
-0.05 (-0.83%)
Taking everything into account, BHC scores 1 out of 10 in our technical rating. BHC scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
When comparing the yearly performance of all stocks, BHC is a bad performer in the overall market: 84% of all stocks are doing better.
BHC is one of the lesser performing stocks in the Pharmaceuticals industry. 60% of 195 stocks in the same industry do better.
In the last month BHC has a been trading in the 5.89 - 6.90 range, which is quite wide. It is currently trading near the lows of this range.
BHC has an average volume of 2859630 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
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.
Considerably lower volume is observed in the last couple of days.
BHC has a poor technical rating and the quality of the setup is also only medium 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
5.94
8.52
We found 1 important support area.
- A support zone ranging from 6.00 to 6.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 6.19 to 6.19. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.69 from a horizontal line in the daily time frame.
- Resistance @8.02 from a trend line in the weekly time frame.
- Resistance @8.44 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 | DOWN | NEGATIVE | The short term trend for BHC is down. |
| ChartMill Relative Strength | 16.31 | NEGATIVE | BHC has a low relative strength, it was outperformed by 83.69% 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) | 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) | 34.1 | NEUTRAL | The RSI value for BHC is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests BHC has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 14.62 | OVERSOLD | The low Stochastics value suggests BHC may be oversold. |
| Average True Range in percent/ATR (20) | 3.13 | MEDIUM VOLATILITY | The ATR as a percentage value for BHC suggests some volalility. |
| Average Directional Index/ADX (14) | 25.88 | 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)
6.05
+0.04 (+0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryPharmaceuticals
Performance
% Chg0.67%
1 Week0%
2 Weeks-9.43%
1 Month-10.1%
3 Month-4.12%
6 Month18.63%
12 Month-25.86%
2 Year-11.29%
3 Year-6.92%
5 Year-63.33%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%3.13%
ATR Inc-5.44%
Range Today0.13
ADR(20)0.18
ADR(20)%3.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.31
Mansfield-1.9
10 Day High6.69
10 Day Low5.89
20 Day High6.9
20 Day Low5.89
52 Week High9.85
52 Week Low4.25
CS1 End6.04
CR1 Start6.19
Volume & EV
DER(3)2.64%
DER(5)1.42%
Volume1.12M
Volume Incr-37.83%
Vol(5)1.06M
Vol(50)2.86M