BOSTON SCIENTIFIC CORP (BSX) Technical Analysis
NYSE:BSX • US1011371077
Current stock price
62.07 USD
-3.62 (-5.51%)
At close:
62.1 USD
+0.03 (+0.05%)
After Hours:
BSX Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to BSX. BSX scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, BSX is a bad performer in the overall market: 92% of all stocks are doing better.
- BSX is one of the lesser performing stocks in the Health Care Equipment & Supplies industry. 68% of 187 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 has an average volume of 15525600 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 the 59.38 - 70.13 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
BSX Weekly and Daily overview Charts
BSX Setup Rating and Analysis
The technical rating of BSX is bad and it also does not present a 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
BSX Support and Resistance Analysis
61.45
108.84
5 important resistance areas can be observed.
- A resistance zone ranging from 63.11 to 64.24. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @65.69 from a horizontal line in the daily time frame.
- Resistance @89.66 from a trend line in the weekly time frame.
- Resistance @95.85 from a horizontal line in the daily time frame.
- A resistance zone ranging from 106.11 to 107.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
BSX Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for BSX is neutral. |
| ChartMill Relative Strength | 8.16 | NEGATIVE | BSX has a low relative strength, it was outperformed by 91.84% 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) | 42.42 | NEUTRAL | The RSI value for BSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests BSX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.59 | NEUTRAL | The Stochastics value for BSX is a neutral value. |
| Average True Range in percent/ATR (20) | 3.93 | MEDIUM VOLATILITY | The ATR as a percentage value for BSX suggests some volalility. |
| Average Directional Index/ADX (14) | 31.56 | POSITIVE | The high ADX value value for BSX suggests a strong trend. |
BSX Chart- and CandleStick Pattern Analysis
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
BSX Technicals: Chart, Performance Metrics, Trend & Indicators
62.07
-3.62 (-5.51%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-5.51%
1 Week-3.36%
2 Weeks0.45%
1 Month-11.54%
3 Month-32.9%
6 Month-38.61%
12 Month-39.09%
2 Year-13.64%
3 Year19.09%
5 Year42.36%
10 Year183.17%
15 Year728.71%
Volatility
ATR(14)2.3
ATR(20)%3.93%
ATR Inc46.57%
Range Today4.01
ADR(20)2.06
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.16
3 months CRS8.9
6 months CRS12.55
Mansfield-3.96
10 Day High66.88
10 Day Low59.39
20 Day High70.13
20 Day Low59.39
52 Week High109.5
52 Week Low59.39
CS1 EndN/A
CR1 Start63.11
Volume & EV
DER(3)-0.12%
DER(5)-0.71%
Volume17.69M
Volume Incr66.25%
Vol(5)26.54M
Vol(50)15.53M
BOSTON SCIENTIFIC CORP / BSX TA 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.
Can you provide the RSI signal for BOSTON SCIENTIFIC CORP?
BOSTON SCIENTIFIC CORP (BSX) has an RSI value of 42.4232. This indicates that the stock is currently neutral.
What is the support and resistance level for BSX stock?
BOSTON SCIENTIFIC CORP (BSX) has a resistance level at 63.11. Check the full technical report for our detailed analysis of BSX support and resistance levels.