BOSTON SCIENTIFIC CORP (BSX) Stock Technical Analysis
NYSE:BSX • US1011371077
Taking everything into account, BSX scores 0 out of 10 in our technical rating. BSX's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BSX is a bad performer in the overall market: 89% of all stocks are doing better.
- BSX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 63% of 185 stocks in the same industry do better.
- BSX is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- BSX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- BSX has an average volume of 14521900 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BSX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 73.47, a Stop Loss order could be placed below this zone.
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72.73
When analyzing the support we notice one important area.
- A support zone ranging from 73.46 to 73.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 7 important areas.
- Resistance @76.29 from a horizontal line in the daily time frame.
- A resistance zone ranging from 85.85 to 88.46. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @92.85 from a trend line in the daily time frame.
- A resistance zone ranging from 95.85 to 96.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @98.56 from a horizontal line in the daily time frame.
- Resistance @101.58 from a horizontal line in the daily time frame.
- Resistance @106.11 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 BSX is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BSX is down. |
| ChartMill Relative Strength | 11.74 | NEGATIVE | BSX has a low relative strength, it was outperformed by 88.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BSX is below a declining 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) | 28.38 | OVERSOLD | The low RSI value suggests BSX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests BSX has a positive trend. |
| Stochastics (14,3) | 15.83 | OVERSOLD | The low Stochastics value suggests BSX may be oversold. |
| Average True Range in percent/ATR (20) | 3.79 | MEDIUM VOLATILITY | The ATR as a percentage value for BSX suggests some volalility. |
| Average Directional Index/ADX (14) | 38.21 | POSITIVE | The high ADX value value for BSX suggests a strong trend. |
73.48
-1.67 (-2.22%)
BOSTON SCIENTIFIC CORP / BSX FAQ
What is the ChartMill technical rating of BOSTON SCIENTIFIC CORP (BSX) stock?
ChartMill assigns a technical rating of 0 / 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 28.3819. This indicates that the stock is currently oversold.
Can you provide the MACD signal for BOSTON SCIENTIFIC CORP?
The MACD indicator for BOSTON SCIENTIFIC CORP (BSX) has a value of 0.143276, indicating a bearish trend.
What is the support and resistance level for BSX stock?
BOSTON SCIENTIFIC CORP (BSX) has a support level at 73.47 and a resistance level at 76.29. Check the full technical report for our detailed analysis of BSX support and resistance levels.