BECTON DICKINSON AND CO. - 1H - Technical analysis published on 05/16/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 234.41 USD
My targets
238.95 USD (+0.72%)
241.02 USD (+1.59%)
My analysis
The bullish trend is currently very strong on BECTON DICKINSON AND CO.. As long as the price remains above the support at 234.41 USD, you could try to benefit from the boom. The first bullish objective is located at 238.95 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 241.02 USD as an objective. Crossing it would then enable buyers to target 243.29 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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Additional analysis
Quotes
The BECTON DICKINSON AND CO. rating is 237.25 USD. On the day, this instrument lost -0.02% and was between 235.56 USD and 238.34 USD. This implies that the price is at +0.72% from its lowest and at -0.46% from its highest.235.56
238.34
237.25
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 year)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BECTON DICKINSON AND CO. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 12 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 230.33 | 234.41 | 237.20 | 237.25 | 238.95 | 241.02 | 243.29 |
| Change (%) | -2.92% | -1.20% | -0.02% | - | +0.72% | +1.59% | +2.55% |
| Change | -6.92 | -2.84 | -0.05 | - | +1.70 | +3.77 | +6.04 |
| Level | Intermediate | Minor | Intermediate | - | Intermediate | Minor | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 232.20 | 233.39 | 235.34 | 236.53 | 238.48 | 239.67 | 241.62 |
| Camarilla | 236.43 | 236.71 | 237.00 | 237.29 | 237.58 | 237.87 | 238.15 |
| Woodie | 232.58 | 233.58 | 235.72 | 236.72 | 238.86 | 239.86 | 242.00 |
| Fibonacci | 233.39 | 234.59 | 235.33 | 236.53 | 237.73 | 238.47 | 239.67 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 226.32 | 229.75 | 232.71 | 236.14 | 239.10 | 242.53 | 245.49 |
| Camarilla | 233.91 | 234.50 | 235.08 | 235.67 | 236.26 | 236.84 | 237.43 |
| Woodie | 226.09 | 229.63 | 232.48 | 236.02 | 238.87 | 242.41 | 245.26 |
| Fibonacci | 229.75 | 232.19 | 233.70 | 236.14 | 238.58 | 240.09 | 242.53 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 208.32 | 218.86 | 226.73 | 237.27 | 245.14 | 255.68 | 263.55 |
| Camarilla | 229.54 | 231.23 | 232.91 | 234.60 | 236.29 | 237.98 | 239.66 |
| Woodie | 206.99 | 218.19 | 225.40 | 236.60 | 243.81 | 255.01 | 262.22 |
| Fibonacci | 218.86 | 225.89 | 230.24 | 237.27 | 244.30 | 248.65 | 255.68 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 53.41 | |
| MACD (12,26,9): | 0.4500 | |
| Directional Movement: | 1.95 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 237.24 | |
| Parabolic SAR (0,02-0,02-0,2): | 235.99 | |
| Elder Ray (13): | 0.03 | |
| Super Trend (3,10): | 238.25 | |
| Zig ZAG (10): | 237.04 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 77.69 | |
| TEMA (21): | 237.52 | |
| Williams %R (14): | -32.36 | |
| Chande Momentum Oscillator (20): | 2.04 | |
| Repulse (5,40,3): | 0.0800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 1.60 |
| MA7: | 235.80 | |
| MA20: | 234.96 | |
| MA50: | 238.03 | |
| MA100: | 238.22 | |
| MAexp7: | 237.23 | |
| MAexp20: | 236.69 | |
| MAexp50: | 236.14 | |
| MAexp100: | 235.90 | |
| Price / MA7: | +0.61% | |
| Price / MA20: | +0.97% | |
| Price / MA50: | -0.33% | |
| Price / MA100: | -0.41% | |
| Price / MAexp7: | +0.01% | |
| Price / MAexp20: | +0.24% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +0.57% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on BECTON DICKINSON AND CO.. At the time of publication of this analysis, the latest news was as follows:
- BD to Present at Investor Healthcare Conferences
- BD Announces Exercise of Option to Purchase Additional Shares by Underwriters of Public Equity Offerings Increasing Total Gross Proceeds to $4.95 Billion
- BD Prices Offerings of $2.25 Billion of Common Stock and $2.25 Billion of Depositary Shares Representing Interests in Mandatory Convertible Preferred Stock
- BD and UniteOR Join Forces to Deliver an Integrated Tracking Solution for the Operating Room Setting
- BD Announces Offerings of $2.25 Billion of Common Stock and $2.25 Billion of Depositary Shares Representing Interests in Mandatory Convertible Preferred Stock
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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