BAUSCH + LOMB CORP (BLCO) Stock Technical Analysis
NYSE:BLCO - New York Stock Exchange, Inc. - CA0717051076 - Common Stock - Currency: USD
We assign a technical rating of 0 out of 10 to BLCO. BLCO scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, BLCO is a bad performer in the overall market: 85% of all stocks are doing better.
BLCO is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BLCO is lagging the market.
In the last month BLCO has a been trading in the 10.45 - 13.97 range, which is quite wide. It is currently trading near the lows of this range.
BLCO is an average performer in the Health Care Equipment & Supplies industry, it outperforms 40% of 189 stocks in the same industry.
BLCO has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 11.00, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BLCO 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
10.78
21.07
When analyzing the support we notice one important area.
- A support zone ranging from 10.89 to 11.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 11.60 to 11.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 12.87 to 13.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @15.99 from a horizontal line in the daily time frame.
- Resistance @20.86 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for BLCO is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BLCO is down. |
| ChartMill Relative Strength | 15.76 | NEGATIVE | BLCO has a low relative strength, it was outperformed by 84.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BLCO is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BLCO is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BLCO is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 40.46 | NEUTRAL | The RSI value for BLCO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests BLCO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 28.31 | NEUTRAL | The Stochastics value for BLCO is a neutral value. |
| Average True Range in percent/ATR (20) | 5.49 | HIGH VOLATILITY | The high ATR as a percentage value for BLCO suggests high volalility. |
| Average Directional Index/ADX (14) | 30.39 | POSITIVE | The high ADX value value for BLCO 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)
11.29
+0.04 (+0.36%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg0.36%
1 Week-4%
2 Weeks0.18%
1 Month-17.77%
3 Month-28.32%
6 Month-42.31%
12 Month-24.83%
2 Year-36.79%
3 Year-33.63%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.48
ATR(20)%5.49%
ATR Inc-26.58%
Range Today0.34
ADR(20)0.51
ADR(20)%4.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.76
Mansfield-3.21
10 Day High12.29
10 Day Low10.99
20 Day High13.97
20 Day Low10.45
52 Week High21.69
52 Week Low10.45
CS1 End11
CR1 Start11.6
Volume & EV
DER(3)0.46%
DER(5)4.72%
Volume559.80K
Volume Incr-27.86%
Vol(5)796.18K
Vol(50)922.88K