BOSTON SCIENTIFIC CORP (BSX) Stock Technical Analysis
USA - NYSE:BSX - US1011371077 - Common Stock
Overall BSX gets a technical rating of 3 out of 10. BSX has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, BSX 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 96.76, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BSX 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
92.64
When analyzing the support we notice one important area.
- A support zone ranging from 93.58 to 96.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 100.04 to 103.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | NEUTRAL | NEUTRAL | The short term trend for BSX is neutral. |
| ChartMill Relative Strength | 61.36 | 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) | 51.5 | NEUTRAL | The RSI value for BSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests BSX has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 23.03 | NEUTRAL | The Stochastics value for BSX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for BSX suggests some volalility. |
| Average Directional Index/ADX (14) | 17.03 | NEGATIVE | The low ADX value for BSX suggests a weak or negative trend. |
100.02
+0.97 (+0.98%)
BOSTON SCIENTIFIC CORP / BSX FAQ
What is the ChartMill technical rating of BOSTON SCIENTIFIC CORP (BSX) stock?
ChartMill assigns a technical rating of 3 / 10 to BSX.
What is the current trend direction of BOSTON SCIENTIFIC CORP (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 51.5012. This indicates that the stock is currently neutral.
What is the MACD signal for BSX stock?
The MACD indicator for BOSTON SCIENTIFIC CORP (BSX) has a value of -0.0774594, indicating a bearish trend.
What is the short term momentum for BOSTON SCIENTIFIC CORP (BSX) stock?
The short term momentum for BOSTON SCIENTIFIC CORP (BSX) is neutral.