BOSTON SCIENTIFIC CORP (BSX) Technical Analysis
NYSE:BSX • US1011371077
Current stock price
69.48 USD
-0.41 (-0.59%)
At close:
70.05 USD
+0.57 (+0.82%)
After Hours:
BSX Technical Rating and Analysis
Overall BSX gets a technical rating of 0 out of 10. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, BSX is a bad performer in the overall market: 88% of all stocks are doing better.
- BSX is part of the Health Care Equipment & Supplies industry. There are 187 other stocks in this industry, of which 62% are performing better than BSX.
- BSX is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so BSX is lagging the market.
- BSX is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- BSX has an average volume of 16210500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
BSX Weekly and Daily overview Charts
BSX Setup Rating and Analysis
BSX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately.
More info and screens
BSX Support and Resistance Analysis
67.86
108.48
When analyzing the support we notice one important area.
- A support zone ranging from 68.55 to 69.13. 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 76.85 to 76.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @89.86 from a trend line in the daily time frame.
- Resistance @91.33 from a trend line in the weekly time frame.
- A resistance zone ranging from 94.54 to 96.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 98.56 to 99.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 106.11 to 107.41. 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 | DOWN | NEGATIVE | The short term trend for BSX is down. |
| ChartMill Relative Strength | 12.38 | NEGATIVE | BSX has a low relative strength, it was outperformed by 87.62% 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) | 34.41 | NEUTRAL | The RSI value for BSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.41 | POSITIVE | The MACD value suggests BSX has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 29.1 | NEUTRAL | The Stochastics value for BSX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.85 | MEDIUM VOLATILITY | The ATR as a percentage value for BSX suggests some volalility. |
| Average Directional Index/ADX (14) | 43.1 | 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
69.48
-0.41 (-0.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorHealth Care
GICS IndustryHealth Care Equipment & Supplies
Performance
% Chg-0.59%
1 Week0.51%
2 Weeks-2.62%
1 Month-6.84%
3 Month-27.33%
6 Month-28.98%
12 Month-31%
2 Year1.45%
3 Year38.88%
5 Year79.77%
10 Year269.38%
15 Year866.34%
Volatility
ATR(14)2.1
ATR(20)%2.85%
ATR Inc-2.26%
Range Today1.27
ADR(20)1.92
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.38
3 months CRS13.55
6 months CRS18.63
Mansfield-2.96
10 Day High72.37
10 Day Low67.56
20 Day High76.87
20 Day Low67.56
52 Week High109.5
52 Week Low67.56
CS1 End69.13
CR1 Start76.85
Volume & EV
DER(3)0.21%
DER(5)1.2%
Volume20.13M
Volume Incr-3.58%
Vol(5)12.72M
Vol(50)16.21M
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.
What is the RSI signal for BOSTON SCIENTIFIC CORP (BSX) stock?
BOSTON SCIENTIFIC CORP (BSX) has an RSI value of 34.4084. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BOSTON SCIENTIFIC CORP?
The MACD indicator for BOSTON SCIENTIFIC CORP (BSX) has a value of 0.410196, indicating a bearish trend.
What is the support and resistance level for BSX stock?
BOSTON SCIENTIFIC CORP (BSX) has a support level at 69.13 and a resistance level at 76.85. Check the full technical report for our detailed analysis of BSX support and resistance levels.