BECTON DICKINSON AND CO. - 1H - Technical analysis published on 10/04/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Slightly bullish
Technical indicators
22%
61%
17%
My opinion
Bearish under 238.61 USD
My targets
235.66 USD (-0.69%)
233.76 USD (-1.49%)
My analysis
The strong short-term decline in BECTON DICKINSON AND CO. calls into question the currently slightly bullish basic trend. A trend reversal is likely. As long as the price remains below the resistance located at 238.61 USD, one could consider taking advantage of the short-term movement. The first bearish objective is located at 235.66 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 233.76 USD as an objective. Crossing it would then enable sellers to target 231.63 USD. Be careful, a return to above 238.61 USD could jeopardize the reversal.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
2
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Additional analysis
Quotes
The BECTON DICKINSON AND CO. rating is 237.30 USD. On the day, this instrument lost -0.03% and was between 236.58 USD and 238.79 USD. This implies that the price is at +0.30% from its lowest and at -0.62% from its highest.236.58
238.79
237.30
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BECTON DICKINSON AND CO.:
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 BECTON DICKINSON AND CO. in 1H shows an overall slightly bullish trend. 53.57% of the signals given by moving averages are bullish. Caution: the strong bearish signals currently given by short-term moving averages indicate that a trend reversal may be taking place. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
CCI indicator: bullish divergence
Type : Bullish
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 231.63 | 233.76 | 235.66 | 237.30 | 237.50 | 238.61 | 241.42 |
| Change (%) | -2.39% | -1.49% | -0.69% | - | +0.08% | +0.55% | +1.74% |
| Change | -5.67 | -3.54 | -1.64 | - | +0.20 | +1.31 | +4.12 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 234.02 | 235.65 | 236.51 | 238.14 | 239.00 | 240.63 | 241.49 |
| Camarilla | 236.68 | 236.90 | 237.13 | 237.36 | 237.59 | 237.82 | 238.05 |
| Woodie | 233.63 | 235.46 | 236.12 | 237.95 | 238.61 | 240.44 | 241.10 |
| Fibonacci | 235.65 | 236.61 | 237.19 | 238.14 | 239.10 | 239.68 | 240.63 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 222.94 | 227.58 | 234.54 | 239.18 | 246.14 | 250.78 | 257.74 |
| Camarilla | 238.32 | 239.38 | 240.45 | 241.51 | 242.57 | 243.64 | 244.70 |
| Woodie | 224.11 | 228.16 | 235.71 | 239.76 | 247.31 | 251.36 | 258.91 |
| Fibonacci | 227.58 | 232.01 | 234.75 | 239.18 | 243.61 | 246.35 | 250.78 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 217.61 | 223.46 | 232.28 | 238.13 | 246.95 | 252.80 | 261.62 |
| Camarilla | 237.07 | 238.41 | 239.76 | 241.10 | 242.45 | 243.79 | 245.13 |
| Woodie | 219.10 | 224.20 | 233.77 | 238.87 | 248.44 | 253.54 | 263.11 |
| Fibonacci | 223.46 | 229.06 | 232.53 | 238.13 | 243.73 | 247.20 | 252.80 |
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): | 40.51 | |
| MACD (12,26,9): | -0.6300 | |
| Directional Movement: | -15.81 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 238.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 240.74 | |
| Elder Ray (13): | -0.96 | |
| Super Trend (3,10): | 240.94 | |
| Zig ZAG (10): | 237.22 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 14.51 | |
| TEMA (21): | 237.07 | |
| Williams %R (14): | -83.89 | |
| Chande Momentum Oscillator (20): | -2.63 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 2.42 |
| MA7: | 239.41 | |
| MA20: | 236.21 | |
| MA50: | 235.97 | |
| MA100: | 233.62 | |
| MAexp7: | 237.76 | |
| MAexp20: | 238.75 | |
| MAexp50: | 238.58 | |
| MAexp100: | 237.46 | |
| Price / MA7: | -0.88% | |
| Price / MA20: | +0.46% | |
| Price / MA50: | +0.56% | |
| Price / MA100: | +1.58% | |
| Price / MAexp7: | -0.19% | |
| Price / MAexp20: | -0.61% | |
| Price / MAexp50: | -0.54% | |
| Price / MAexp100: | -0.07% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on BECTON DICKINSON AND CO. at the time of the generation of this analysis 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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