BOSTON SCIENTIFIC CORP (BSX) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BSX - US1011371077 - Common Stock
Overall BSX gets a technical rating of 4 out of 10. BSX has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
BSX 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.
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88.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 95.51 to 96.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 91.75 to 93.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @89.70 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 97.68 to 99.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 102.48 to 103.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 106.11 to 108.14. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 BSX is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BSX is up. |
| ChartMill Relative Strength | 45.31 | NEUTRAL | BSX is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BSX is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of BSX is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of BSX is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.64 | NEUTRAL | The RSI value for BSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests BSX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.64 | NEUTRAL | The Stochastics value for BSX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for BSX suggests low volalility. |
| Average Directional Index/ADX (14) | 18.21 | NEGATIVE | The low ADX value for BSX suggests a weak or negative trend. |
97.64
-0.74 (-0.75%)
BOSTON SCIENTIFIC CORP / BSX FAQ
What is the ChartMill technical rating of BOSTON SCIENTIFIC CORP (BSX) stock?
ChartMill assigns a technical rating of 4 / 10 to BSX.
What is the trend direction for BSX stock?
The current trend direction for BOSTON SCIENTIFIC CORP (BSX) is Bearish.
What is the RSI signal for BOSTON SCIENTIFIC CORP (BSX) stock?
BOSTON SCIENTIFIC CORP (BSX) has an RSI value of 54.6432. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BOSTON SCIENTIFIC CORP?
The MACD indicator for BOSTON SCIENTIFIC CORP (BSX) has a value of 0.496269, indicating a bearish trend.
What is the support and resistance level for BSX stock?
BOSTON SCIENTIFIC CORP (BSX) has a support level at 96.58 and a resistance level at 97.68. Check the full technical report for our detailed analysis of BSX support and resistance levels.