BOSTON SCIENTIFIC CORP (BSX) Stock Technical Analysis
USA - NYSE:BSX - US1011371077 - Common Stock
Taking everything into account, BSX scores 5 out of 10 in our technical rating. In the last year, BSX was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
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.
More info and screens
92.64
When analyzing the support we can see 3 important areas.
- Support @103.08 from a horizontal line in the daily time frame.
- A support zone ranging from 99.87 to 101.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 93.58 to 97.10. 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 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 | 69.26 | 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 | MIXED | The current price of BSX is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BSX is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.8 | NEUTRAL | The RSI value for BSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.36 | POSITIVE | The MACD value suggests BSX has a positive trend. |
| Stochastics (14,3) | 66.29 | NEUTRAL | The Stochastics value for BSX is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for BSX suggests low volalility. |
| Average Directional Index/ADX (14) | 17.51 | NEGATIVE | The low ADX value for BSX suggests a weak or negative trend. |
104.13
+1.63 (+1.59%)
BOSTON SCIENTIFIC CORP / BSX FAQ
What is the ChartMill technical rating of BOSTON SCIENTIFIC CORP (BSX) stock?
ChartMill assigns a technical rating of 5 / 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 64.7987. 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 0.356367, 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 positive.