BOSTON SCIENTIFIC CORP (BSX)       45.725  -0.18 (-0.4%)

45.725  -0.18 (-0.4%)

US1011371077 - Common Stock

Technical Rating

7

Taking everything into account, BSX scores 7 out of 10 in our technical rating. Both in the recent history as in the last year, BSX has proven to be a steady performer, scoring decent points in every aspect analyzed.



The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, BSX did better than 77% of all other stocks.
BSX is part of the Health Care Equipment & Supplies industry. There are 222 other stocks in this industry. BSX outperforms 72% of them.
BSX is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so BSX slightly outperforms the market at the moment.
BSX has an average volume of 5971970 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month BSX has a been trading in a tight range between 44.35 and 46.79.

Statistics

1 Month 3 Months 6 Months 12 Months 0.28% 6.37% 11.84% 7.42% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 77.51 34.98 - 47.95
BSX Weekly chart
BSX Daily chart

Support/Resistance Analysis


40.91

47.68
When analyzing the support we can see 2 important areas.
  • A support zone ranging from 45.01 to 45.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 41.32 to 41.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
  • A resistance zone ranging from 45.80 to 47.21. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

Setup Analysis

Setup Rating

8

Besides having an excellent technical rating, BSX also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 46.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.88, a Stop Loss order could be placed below this zone.


Possible Trading Setup

Given the decent technical rating and the setup score, we can suggest the following trade.


ENTRYEXITDISTANCECAPITAL
45.8945.000.89 (1.94%)25.00%
An entry @45.89. This is a Buy Stop order right above the 10 day moving average.An exit @45.00. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.89 points, which is 1.94%.For a 0.49% total portfolio risk, you can invest 25.00% of your capital in this trade.

  • The distance between exit and entry is rather small compared to the average daily movement of BSX. Please evaluate whether better entry and exit points can be found.
  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
BSX Daily chart

BOSTON SCIENTIFIC CORP45.725

NYSE:BSX (1/30/2023, 8:47:09 AM)-0.18 (-0.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Health Care
GICS Industry Health Care Equipment & Supplies

Performance
Today -0.4% 1 Week 0.64%
2 Weeks -1.71% 1 Month 0.28%
3 Month 6.37% 6 Month 11.84%

Volatility
ATR(14) 0.8 ATR(20)% 1.75%
ATR Inc -30.86% Range Today 0.29

Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)

Relative Strength & Ranges
CRS 77.51 Mansfield 0.83
10 Day High 46.79 10 Day Low 44.79
20 Day High 46.79 20 Day Low 44.35
52 Week High 47.95 52 Week Low 34.98
CS1 End 45.88 CR1 Start 46.01

Volume & EV
DER(3) 1.73% DER(5) 2.38%
Volume 425.07K Volume Incr -7.62%
Vol(5) 5.69M Vol(50) 5.97M

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