BOSTON SCIENTIFIC CORP (BSX) 45.725 -0.18 (-0.4%)
45.725 -0.18 (-0.4%)
US1011371077 - Common Stock
Technical Rating
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.
Statistics
Support/Resistance Analysis
40.91
- 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.
- 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
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 45.89 | 45.00 | 0.89 (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.
BOSTON SCIENTIFIC CORP45.725
NYSE:BSX (1/30/2023, 8:47:09 AM)-0.18 (-0.4%)
| GICS Sector | Health Care | ||
| GICS Industry | Health Care Equipment & Supplies | ||
| Today | -0.4% | 1 Week | 0.64% |
| 2 Weeks | -1.71% | 1 Month | 0.28% |
| 3 Month | 6.37% | 6 Month | 11.84% |
| ATR(14) | 0.8 | ATR(20)% | 1.75% |
| ATR Inc | -30.86% | Range Today | 0.29 |
| ST Trend | LT Trend | ||
| SMA(5) | SMA(10) | ||
| SMA(20) | SMA(50) | ||
| SMA(100) | SMA(200) |
| 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 |
| 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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