BOSTON SCIENTIFIC CORP (BSX) Stock Technical Analysis
USA • New York Stock Exchange • 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.
- 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, 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. 61% of 186 stocks in the same industry do better.
- BSX is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month BSX has a been trading in the 74.08 - 97.90 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
- BSX has an average volume of 13346000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of BSX is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
73.37
We found 1 important support area.
- A support zone ranging from 74.11 to 74.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 89.11 to 91.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 93.36 to 96.80. This zone is formed by a combination of multiple trend lines and important moving averages 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 @103.85 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 | 11.27 | NEGATIVE | BSX has a low relative strength, it was outperformed by 88.73% 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) | 22.36 | OVERSOLD | The low RSI value suggests BSX may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.96 | NEGATIVE | The MACD value suggests BSX has a negative trend. |
| Stochastics (14,3) | 7.09 | OVERSOLD | The low Stochastics value suggests BSX may be oversold. |
| Average True Range in percent/ATR (20) | 4.54 | MEDIUM VOLATILITY | The ATR as a percentage value for BSX suggests some volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for BSX suggests a strong trend. |
74.25
+0.13 (+0.18%)
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 22.3609. 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 -1.95622, indicating a bearish trend.
What is the support and resistance level for BSX stock?
BOSTON SCIENTIFIC CORP (BSX) has a support level at 74.11 and a resistance level at 89.11. Check the full technical report for our detailed analysis of BSX support and resistance levels.