BOSTON SCIENTIFIC CORP (BSX) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:BSX • US1011371077
Taking everything into account, BSX scores 0 out of 10 in our technical rating. 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 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: 76% of all stocks are doing better.
- BSX has an average volume of 10661600 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- BSX is part of the Health Care Equipment & Supplies industry. There are 184 other stocks in this industry, BSX did better than 57% of them.
- BSX is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so BSX is lagging the market.
- In the last month BSX has a been trading in the 87.03 - 100.90 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
BSX has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 95.40. Right above this resistance zone may be a good entry point.
More info and screens
87.19
We found 1 important support area.
- A support zone ranging from 88.07 to 88.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 95.40 to 95.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 97.71 to 98.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 101.56 to 101.58. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 103.85 to 107.22. 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 | 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 | 24.03 | NEGATIVE | BSX has a low relative strength, it was outperformed by 75.97% 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) | 48.28 | NEUTRAL | The RSI value for BSX is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests BSX has a positive trend. |
| Stochastics (14,3) | 50.83 | NEUTRAL | The Stochastics value for BSX is a neutral value. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for BSX suggests some volalility. |
| Average Directional Index/ADX (14) | 16.68 | NEGATIVE | The low ADX value for BSX suggests a weak or negative trend. |
93.53
+1.2 (+1.3%)
BOSTON SCIENTIFIC CORP / BSX 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 48.278. 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 0.164643, indicating a bearish trend.
What is the support and resistance level for BSX stock?
BOSTON SCIENTIFIC CORP (BSX) has a support level at 88.07 and a resistance level at 95.4. Check the full technical report for our detailed analysis of BSX support and resistance levels.