BOSTON SCIENTIFIC - 1H - Technical analysis published on 07/10/2024 (GMT)
- 105
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Slightly bearish
Technical indicators
61%
6%
33%
My opinion
Neutral between 75.37 USD and 77.00 USD
My targets
-
My analysis
A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 75.37 USD. The first resistance is located at 77.00 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.
In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BOSTON SCIENTIFIC rating 76.44 USD. On the day, this instrument lost -0.09% and was traded between 76.03 USD and 76.67 USD over the period. The price is currently at +0.54% from its lowest and -0.30% from its highest.76.03
76.67
76.44
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BOSTON SCIENTIFIC indicates that the overall trend is slightly bearish. Only 53.57% of the signals given by moving averages are bearish. This slightly bearish trend could return to neutral given the neutral signals also given by short-term moving averages. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : 1 hour
The technical indicators are bullish. There is still some doubt about the price increase.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near support of channel
Type : Bullish
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 | 74.29 | 74.78 | 75.37 | 76.44 | 76.66 | 77.00 | 77.71 |
| Change (%) | -2.81% | -2.17% | -1.40% | - | +0.29% | +0.73% | +1.66% |
| Change | -2.15 | -1.66 | -1.07 | - | +0.22 | +0.56 | +1.27 |
| Level | Intermediate | Minor | Major | - | Minor | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 75.46 | 75.76 | 76.14 | 76.44 | 76.82 | 77.12 | 77.50 |
| Camarilla | 76.32 | 76.39 | 76.45 | 76.51 | 76.57 | 76.64 | 76.70 |
| Woodie | 75.49 | 75.78 | 76.17 | 76.46 | 76.85 | 77.14 | 77.53 |
| Fibonacci | 75.76 | 76.02 | 76.18 | 76.44 | 76.70 | 76.86 | 77.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73.18 | 74.45 | 75.42 | 76.69 | 77.66 | 78.93 | 79.90 |
| Camarilla | 75.78 | 75.99 | 76.20 | 76.40 | 76.61 | 76.81 | 77.02 |
| Woodie | 73.04 | 74.38 | 75.28 | 76.62 | 77.52 | 78.86 | 79.76 |
| Fibonacci | 74.45 | 75.30 | 75.83 | 76.69 | 77.54 | 78.07 | 78.93 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.09 | 73.46 | 75.24 | 76.61 | 78.39 | 79.76 | 81.54 |
| Camarilla | 76.14 | 76.43 | 76.72 | 77.01 | 77.30 | 77.59 | 77.88 |
| Woodie | 72.29 | 73.56 | 75.44 | 76.71 | 78.59 | 79.86 | 81.74 |
| Fibonacci | 73.46 | 74.67 | 75.41 | 76.61 | 77.82 | 78.56 | 79.76 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.46 | |
| MACD (12,26,9): | 0.0300 | |
| Directional Movement: | 0.01 | |
| AROON (14): | 35.72 | |
| DEMA (21): | 76.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.92 | |
| Elder Ray (13): | 0.16 | |
| Super Trend (3,10): | 76.96 | |
| Zig ZAG (10): | 76.48 | |
| VORTEX (21): | 1.0600 | |
| Stochastique (14,3,5): | 58.90 | |
| TEMA (21): | 76.49 | |
| Williams %R (14): | -44.59 | |
| Chande Momentum Oscillator (20): | 0.18 | |
| Repulse (5,40,3): | 0.0300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 0.60 |
| MA7: | 76.36 | |
| MA20: | 76.77 | |
| MA50: | 75.37 | |
| MA100: | 71.57 | |
| MAexp7: | 76.44 | |
| MAexp20: | 76.39 | |
| MAexp50: | 76.46 | |
| MAexp100: | 76.52 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | -0.43% | |
| Price / MA50: | +1.42% | |
| Price / MA100: | +6.80% | |
| Price / MAexp7: | -0% | |
| Price / MAexp20: | +0.07% | |
| Price / MAexp50: | -0.03% | |
| Price / MAexp100: | -0.10% |
Quotes :
-
15 min delayed data
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NYSE Stocks
News
The latest news and videos published on BOSTON SCIENTIFIC at the time of the analysis were as follows:
- Boston Scientific: Meeting Disabilities With Inclusion
- Boston Scientific: Honoring Our Indigenous Community - Past, Present and Future
- Boston Scientific: Sparking Social Change Through Volunteering
- Boston Scientific: When a Loved One Has Parkinson’s Disease
- Meet Three Boston Scientific Employees Committed to Protecting People From Stroke
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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